Cooper Tire & Rubber Co (CTB) Expected to Announce Earnings of $0.56 Per Share

Equities analysts expect Cooper Tire & Rubber Co (NYSE:CTB) to announce $0.56 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Cooper Tire & Rubber’s earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $0.58. Cooper Tire & Rubber reported earnings of $0.50 per share during the same quarter last year, which would indicate a positive year over year growth rate of 12%. The firm is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Cooper Tire & Rubber will report full year earnings of $2.08 per share for the current financial year, with EPS estimates ranging from $2.05 to $2.10. For the next year, analysts expect that the company will report earnings of $2.73 per share, with EPS estimates ranging from $2.50 to $2.85. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Cooper Tire & Rubber.

Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings data on Monday, October 29th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.62. The business had revenue of $737.70 million for the quarter, compared to analyst estimates of $748.54 million. Cooper Tire & Rubber had a return on equity of 8.58% and a net margin of 1.25%. Cooper Tire & Rubber’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 EPS.

A number of research firms have commented on CTB. Longbow Research reiterated a “hold” rating on shares of Cooper Tire & Rubber in a research report on Tuesday, August 21st. ValuEngine upgraded Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Wolfe Research began coverage on Cooper Tire & Rubber in a research report on Tuesday, October 2nd. They issued an “underperform” rating on the stock. Finally, Zacks Investment Research upgraded Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Cooper Tire & Rubber has an average rating of “Hold” and an average target price of $40.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BancorpSouth Bank boosted its position in shares of Cooper Tire & Rubber by 12.0% during the 2nd quarter. BancorpSouth Bank now owns 16,512 shares of the company’s stock valued at $434,000 after purchasing an additional 1,768 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Cooper Tire & Rubber by 2.1% during the 3rd quarter. Wells Fargo & Company MN now owns 117,901 shares of the company’s stock valued at $3,337,000 after purchasing an additional 2,444 shares in the last quarter. HGK Asset Management Inc. boosted its position in shares of Cooper Tire & Rubber by 19.4% during the 2nd quarter. HGK Asset Management Inc. now owns 15,843 shares of the company’s stock valued at $417,000 after purchasing an additional 2,576 shares in the last quarter. Rowland & Co. Investment Counsel ADV boosted its position in shares of Cooper Tire & Rubber by 32.3% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 12,558 shares of the company’s stock valued at $330,000 after purchasing an additional 3,065 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Cooper Tire & Rubber by 38.7% during the 1st quarter. UBS Group AG now owns 11,827 shares of the company’s stock valued at $347,000 after purchasing an additional 3,300 shares in the last quarter.

CTB stock traded down $0.06 during midday trading on Friday, reaching $33.11. 30,175 shares of the stock were exchanged, compared to its average volume of 1,133,332. Cooper Tire & Rubber has a 52 week low of $22.58 and a 52 week high of $40.78. The firm has a market capitalization of $1.64 billion, a P/E ratio of 10.65, a P/E/G ratio of 4.37 and a beta of 0.57. The company has a quick ratio of 1.59, a current ratio of 2.55 and a debt-to-equity ratio of 0.24.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Monday, December 3rd will be given a $0.105 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.27%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is presently 13.55%.

About Cooper Tire & Rubber

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, and markets replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It manufactures and markets passenger car, light truck, motorcycle, and racing tires, as well as tire retread material; and distributes tires for racing, medium trucks, and motorcycles.

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