Weak demand, prices impact Goodyear's first quarter

Stephen R. Mcclellan Sells 6250 Shares of Goodyear Tire & Rubber Co (GT) Stock

Stephen R. Mcclellan Sells 6250 Shares of Goodyear Tire & Rubber Co (GT) Stock

Goodyear Tire & Rubber Co (NASDAQ:GT) has risen 12.54% since September 20, 2016 and is uptrending. The company reported $0.74 EPS for the quarter, beating the Zacks' consensus estimate of $0.63 by $0.11.

In the last Quarter, The Goodyear Tire & Rubber Company (GT) reported its Actual EPS of $0.95/share. The business's revenue for the quarter was down 7.9% compared to the same quarter previous year.

Earnings, adjusted for one-time costs, came to 74 cents per share. The Zacks Research consensus estimate prior to earnings was $0.93. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Westpac Banking owns 0% invested in Goodyear Tire & Rubber Co (NASDAQ:GT) for 17,661 shares.

Coghlan's leap, Stroman's hit lift Blue Jays over Cards 6-5
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The stock now has its Annual Dividend of $0.4 and an annual Dividend Yield of 1.13 Percent. Goodyear Tire & Rubr Co now has $8.97B valuation. The ex-dividend date was Tuesday, February 28th.

"We feel very good about the performance of commercial truck during the quarter and its potential in the second half of the year", Chief Financial Officer Laura Thompson said on the earnings call. The stock was sold at an average price of $35.25, for a total transaction of $220,312.50. It has a dividend yield of 1.13%. GT's value Change from Open was at 0.82% with a Gap of -2.09%. Cooper Tire & Rubber Co's dividend payout ratio (DPR) is presently 9.86%.

ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. The Firm specializes in the design, manufacture, marketing and sales of passenger vehicle, light truck, medium truck, motorcycle, and racing tires. The firm earned "Neutral" rating on Monday, May 2 by JP Morgan. Deutsche Bank maintained Cooper Tire & Rubber Co (NYSE:CTB) on Friday, August 7 with "Hold" rating. It indicates oversold and overbought price levels for a stock. Creative Planning now owns 2,585 shares of the company's stock valued at $115,000 after buying an additional 129 shares in the last quarter. The sale was disclosed in a document filed with the SEC, which is available at this link. The overall volume in the last trading session was 3.87 million shares, versus the average volume of 2.62 million shares. The FCF Score of Cooper Tire & Rubber Company (NYSE:CTB) is 0.539208. The legal version of this news story can be accessed at https://www.com-unik.info/2017/04/26/stephen-r-mcclellan-sells-6250-shares-of-goodyear-tire-rubber-co-gt-stock-updated.html.

Uber plans to test on-demand flying cars network by 2020
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Goodyear's first quarter 2017 sales were $3.7 billion, about even with a year ago, mostly because of improved price/mix and higher pricing of third-party chemical sales partially offset by lower tire unit volume. While some analysts have a High Price target for the stock of $42 and a Low Price Target of $24. Cooper Tire had 18 analyst reports since August 7, 2015 according to SRatingsIntel. The P/E Ratio measures its current share price relative to its per-share earnings.

The company also released its Europe, Middle East, and Africa segment earnings, as well as its Asia Pacific segment earnings. The Americas Tire Operations segment manufactures and markets passenger auto and light truck tires, for sale in the United States replacement markets. The Firm operates through three divisions. Jefferies Group LLC cut shares of Goodyear Tire & Rubber Co from a "buy" rating to a "hold" rating and set a $38.00 price objective on the stock.in a research note on Friday, February 24th. The correct version of this article can be read at https://www.thecerbatgem.com/2017/04/28/breton-hill-capital-ltd-has-994000-position-in-goodyear-tire-rubber-co-gt.html.

Paul George reportedly wants to play for Western Conference team
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