Goodyear Tire & Rubber (GT) to Release Earnings on Monday

Goodyear Tire & Rubber (NASDAQ:GT) will be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect Goodyear Tire & Rubber to post earnings of $0.00 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Goodyear Tire & Rubber (NASDAQ:GT) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.11. Goodyear Tire & Rubber had a positive return on equity of 1.16% and a negative net margin of 3.43%. The firm had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.38 billion. During the same quarter last year, the company posted $0.07 earnings per share. The business’s revenue was down 4.8% on a year-over-year basis. On average, analysts expect Goodyear Tire & Rubber to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Goodyear Tire & Rubber Price Performance

Goodyear Tire & Rubber stock opened at $12.24 on Friday. The stock has a market capitalization of $3.48 billion, a PE ratio of -5.12 and a beta of 1.86. The business has a 50 day simple moving average of $12.48 and a 200-day simple moving average of $13.15. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.07 and a quick ratio of 0.55. Goodyear Tire & Rubber has a 12 month low of $10.12 and a 12 month high of $16.50.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Goodyear Tire & Rubber has a consensus rating of “Moderate Buy” and an average target price of $17.16.

Goodyear Tire & Rubber Company Profile

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.