News coverage about Goodyear Tire & Rubber (NASDAQ:GT) has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Goodyear Tire & Rubber earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.6952788638302 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- Analysts Outlook: Goodyear Tire Rubber (GT) – ExpressNewsline (expressnewsline.com)
- The Goodyear Tire & Rubber Company (NASDAQ:GT) Ducks Under The Trend Line – Newburgh Gazette (newburghgazette.com)
- Goodyear picks Atlanta for an ‘operations support’ center (Video) (bizjournals.com)
- Goodyear Oxygene concept tire cleans the air as it rolls (motorauthority.com)
A number of analysts recently commented on the company. Zacks Investment Research raised Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Monday, January 29th. BidaskClub raised Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. ValuEngine raised Goodyear Tire & Rubber from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. TheStreet downgraded Goodyear Tire & Rubber from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Finally, Longbow Research began coverage on Goodyear Tire & Rubber in a research report on Wednesday, January 31st. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $37.30.
Goodyear Tire & Rubber (NASDAQ GT) traded down $0.04 during trading hours on Tuesday, reaching $28.04. The company’s stock had a trading volume of 1,911,928 shares, compared to its average volume of 3,217,332. The company has a quick ratio of 0.66, a current ratio of 1.21 and a debt-to-equity ratio of 1.05. Goodyear Tire & Rubber has a twelve month low of $27.82 and a twelve month high of $36.88. The stock has a market capitalization of $6,856.05, a P/E ratio of 20.93, a P/E/G ratio of 0.64 and a beta of 1.72.
Goodyear Tire & Rubber (NASDAQ:GT) last released its earnings results on Thursday, February 8th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.23. Goodyear Tire & Rubber had a return on equity of 15.70% and a net margin of 2.25%. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same period last year, the business posted $0.95 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. analysts forecast that Goodyear Tire & Rubber will post 3.6 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 1st were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Wednesday, January 31st. Goodyear Tire & Rubber’s payout ratio is currently 41.79%.
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Goodyear Tire & Rubber Company Profile
The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.
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