Zacks: Analysts Expect Cooper Tire & Rubber Co (NYSE:CTB) Will Announce Earnings of $0.51 Per Share

Equities research analysts forecast that Cooper Tire & Rubber Co (NYSE:CTB) will announce $0.51 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Cooper Tire & Rubber’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.55. Cooper Tire & Rubber reported earnings of $0.30 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 70%. The company is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Cooper Tire & Rubber will report full year earnings of $2.43 per share for the current financial year, with EPS estimates ranging from $2.30 to $2.55. For the next year, analysts expect that the firm will report earnings of $3.36 per share, with EPS estimates ranging from $3.10 to $3.55. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Cooper Tire & Rubber.

Cooper Tire & Rubber (NYSE:CTB) last posted its earnings results on Monday, April 29th. The company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.06). The business had revenue of $619.20 million during the quarter, compared to the consensus estimate of $608.14 million. Cooper Tire & Rubber had a return on equity of 9.25% and a net margin of 2.66%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 EPS.

CTB has been the topic of several research reports. Zacks Investment Research raised Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a report on Friday, May 24th. KeyCorp initiated coverage on Cooper Tire & Rubber in a research note on Wednesday, May 22nd. They set an “overweight” rating and a $36.00 target price on the stock. Finally, TheStreet lowered Cooper Tire & Rubber from a “b-” rating to a “c+” rating in a report on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $33.00.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CTB. Acadian Asset Management LLC acquired a new position in Cooper Tire & Rubber during the 4th quarter valued at about $39,000. Captrust Financial Advisors bought a new stake in shares of Cooper Tire & Rubber in the 4th quarter valued at about $40,000. Quantamental Technologies LLC bought a new stake in Cooper Tire & Rubber during the 1st quarter worth approximately $42,000. KBC Group NV increased its stake in Cooper Tire & Rubber by 98.7% during the 4th quarter. KBC Group NV now owns 1,685 shares of the company’s stock worth $54,000 after purchasing an additional 837 shares in the last quarter. Finally, Advisor Group Inc. increased its stake in Cooper Tire & Rubber by 20.3% during the 4th quarter. Advisor Group Inc. now owns 2,153 shares of the company’s stock worth $69,000 after purchasing an additional 363 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of Cooper Tire & Rubber stock traded up $0.36 during trading hours on Wednesday, hitting $31.04. The company’s stock had a trading volume of 8,599 shares, compared to its average volume of 296,851. The stock has a 50 day moving average price of $29.56. Cooper Tire & Rubber has a 12-month low of $23.27 and a 12-month high of $35.36. The firm has a market cap of $1.55 billion, a P/E ratio of 14.22 and a beta of 0.60. The company has a current ratio of 1.93, a quick ratio of 1.15 and a debt-to-equity ratio of 0.10.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Friday, May 31st. Cooper Tire & Rubber’s dividend payout ratio is presently 19.27%.

Cooper Tire & Rubber Company Profile

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells 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, truck and bus radial (TBR), motorcycle, and racing tires, as well as tire retread materials; and markets and distributes racing, TBR, and motorcycle tires.

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Earnings History and Estimates for Cooper Tire & Rubber (NYSE:CTB)

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