Cooper Tire & Rubber (NYSE:CTB) issued its quarterly earnings results on Sunday. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.14), Briefing.com reports. Cooper Tire & Rubber had a return on equity of 12.99% and a net margin of 6.14%. The company had revenue of $655.80 million during the quarter, compared to the consensus estimate of $599.12 million. During the same period in the prior year, the firm earned ($0.23) earnings per share. The business’s revenue for the quarter was up 23.3% compared to the same quarter last year.
CTB traded up $0.51 during mid-day trading on Tuesday, reaching $57.85. 451,490 shares of the company traded hands, compared to its average volume of 741,082. The stock has a market capitalization of $2.92 billion, a P/E ratio of 18.71 and a beta of 1.53. The company has a quick ratio of 1.75, a current ratio of 2.41 and a debt-to-equity ratio of 0.24. The company’s fifty day moving average price is $56.75 and its 200-day moving average price is $45.50. Cooper Tire & Rubber has a 52-week low of $18.95 and a 52-week high of $59.02.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Monday, March 1st were given a $0.105 dividend. The ex-dividend date of this dividend was Friday, February 26th. This represents a $0.42 annualized dividend and a yield of 0.73%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is presently 21.99%.
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 offers 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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