Goodyear Tire & Rubber (NASDAQ:GT) Releases Quarterly Earnings Results

Goodyear Tire & Rubber (NASDAQ:GT) announced its earnings results on Monday. The company reported $0.10 earnings per share for the quarter, Briefing.com reports. The firm had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.78 billion. Goodyear Tire & Rubber had a positive return on equity of 1.16% and a negative net margin of 3.43%. The company’s revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.29) EPS.

Goodyear Tire & Rubber Stock Up 1.4 %

Shares of Goodyear Tire & Rubber stock opened at $12.41 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 1.07 and a debt-to-equity ratio of 1.41. Goodyear Tire & Rubber has a one year low of $10.94 and a one year high of $16.50. The business’s 50 day simple moving average is $12.50 and its two-hundred day simple moving average is $13.16.

Analyst Ratings Changes

Separately, StockNews.com raised Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.16.

About Goodyear Tire & Rubber

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.