The stock declined 1.06% or $0.63 reaching $58.67 on the news.
CTB has been the subject of several other reports. Also, the number of hedge funds holding Cooper Tire & Rubber Co in their top 10 positions was flat from 1 to 1 for the same number. Next quarter's EPS is forecasted to be $1.12 with next year's EPS projected to be $4.08. Northwestern Mutual Investment Management Company LLC bought a new stake in Cooper Tire & Rubber during the first quarter worth approximately $403,000. Telemus Capital LLC now owns 16,135 shares of the company's stock valued at $581,000 after buying an additional 2,285 shares during the last quarter. Tiaa Cref Investment Limited Co owns 0% invested in Provident Financial Holdings, Inc. Finally, Envestnet Asset Management Inc. boosted its position in Cooper Tire & Rubber by 9.0% in the fourth quarter. MA now owns 1,295,362 shares of the company's stock valued at $46,633,000 after buying an additional 1,110,842 shares during the period. Profund Advisors LLC bought a new position in Cooper Tire & Rubber during the first quarter valued at about $481,000.
Shares of Cooper Tire & Rubber (CTB) traded down 6.16% during mid-day trading on Thursday, hitting $36.55. Envestnet Asset Management Inc. now owns 3,912 shares of the company's stock valued at $152,000 after buying an additional 323 shares during the last quarter. The firm has a market capitalization of $7.82 billion, a P/E ratio of 6.766 and a beta of 1.53. The firm has a 50 day moving average of $36.67 and a 200 day moving average of $38.73. Hartford Invest Mngmt stated it has 0.04% in Goodyear Tire & Rubber Co (NASDAQ:GT).
Cooper Tire & Rubber (NYSE:CTB) last posted its quarterly earnings data on Thursday, April 27th. Bank of Montreal Can now owns 225,890 shares of the company's stock worth $10,018,000 after buying an additional 129,748 shares in the last quarter.
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03/23/2017 - Cooper Tire & Rubber Company had its "outperform" rating reiterated by analysts at FBR Capital Markets. The firm had revenue of $643.03 million for the quarter, compared to the consensus estimate of $687.92 million. The company was maintained on Tuesday, August 1 by Credit Suisse. The company's revenue for the quarter was up.2% on a year-over-year basis. In the latest earnings report the EPS was $4.04 and is estimated to be $3.40 for the current year with 52,933,000 shares outstanding.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. The ex-dividend date will be Tuesday May 30th, 2017. The Goodyear Tire & Rubber's dividend payout ratio (DPR) is now 8.77%. BidaskClub upgraded Cooper Tire & Rubber from a "sell" rating to a "hold" rating in a research note on Wednesday, July 19th. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of US & worldwide copyright laws. The legal version of this article can be read at https://transcriptdaily.com/2017/08/09/brokerages-expect-the-goodyear-tire-rubber-company-gt-to-post-0-78-eps-updated-updated-updated.html.
06/20/2017 - Cooper Tire & Rubber Company was upgraded to "accumulate" by analysts at Standpoint Research. Morgan Stanley set a $52.00 price target on shares of The Goodyear Tire & Rubber and gave the company a "buy" rating in a research report on Friday, July 28th. Zacks Investment Research lowered The Goodyear Tire & Rubber from a "hold" rating to a "sell" rating in a research note on Monday, July 31st. Zacks' sales calculations are a mean average based on a survey of research firms that follow Cooper Tire & Rubber. The stock has "Buy" rating by Jefferies on Tuesday, June 20. Finally, Guggenheim began coverage on The Goodyear Tire & Rubber in a research note on Wednesday, June 21st. The stock has "Hold" rating by Standpoint Research on Wednesday, October 28.
Equity analyst KeyBanc issued its first research report on the stock with a rating of "Hold". Jefferies Group LLC restated a "hold" rating and set a $40.00 target price on shares of Cooper Tire & Rubber in a report on Thursday, July 6th. The shares were sold at an average price of $35.29, for a total transaction of $220,562.50. GT exchanged 3.86 million shares in recent session versus to the average volume of 3.13 million shares while its relative volume is 1.23. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Jefferies maintained Goodyear Tire & Rubber Co (NASDAQ:GT) rating on Monday, August 7. The Company operates through three segments.
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