The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) - Zacks Research upped their FY2024 earnings per share (EPS) estimates for shares of Goodyear Tire & Rubber in a research note issued on Monday, November 25th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $1.10 for the year, up from their previous forecast of $1.07. The consensus estimate for Goodyear Tire & Rubber's current full-year earnings is $1.08 per share. Zacks Research also issued estimates for Goodyear Tire & Rubber's Q1 2025 earnings at $0.54 EPS, Q3 2025 earnings at $0.34 EPS, FY2025 earnings at $1.76 EPS, Q1 2026 earnings at $0.58 EPS and FY2026 earnings at $2.25 EPS.
Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.12. The company had revenue of $4.82 billion during the quarter, compared to analysts' expectations of $4.96 billion. Goodyear Tire & Rubber had a positive return on equity of 6.66% and a negative net margin of 1.56%. Goodyear Tire & Rubber's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS.
Several other brokerages also recently issued reports on GT. StockNews.com downgraded shares of Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a research note on Wednesday, November 13th. Wolfe Research downgraded shares of Goodyear Tire & Rubber from an "outperform" rating to a "peer perform" rating in a research report on Thursday, September 5th.
View Our Latest Stock Analysis on Goodyear Tire & Rubber
Goodyear Tire & Rubber Stock Performance
NASDAQ:GT traded up $0.51 during mid-day trading on Thursday, hitting $10.61. The stock had a trading volume of 5,846,312 shares, compared to its average volume of 4,306,960. Goodyear Tire & Rubber has a twelve month low of $7.27 and a twelve month high of $15.24. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of -10.20 and a beta of 1.69. The company's 50 day simple moving average is $8.79 and its 200 day simple moving average is $9.91. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.65 and a current ratio of 1.14.
Institutional Investors Weigh In On Goodyear Tire & Rubber
Several hedge funds have recently bought and sold shares of the stock. Family Firm Inc. acquired a new stake in shares of Goodyear Tire & Rubber in the second quarter valued at approximately $26,000. Mather Group LLC. raised its position in shares of Goodyear Tire & Rubber by 4,526.3% in the second quarter. Mather Group LLC. now owns 2,637 shares of the company's stock valued at $30,000 after buying an additional 2,580 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Goodyear Tire & Rubber by 2,122.5% in the third quarter. Sound Income Strategies LLC now owns 3,956 shares of the company's stock valued at $35,000 after buying an additional 3,778 shares in the last quarter. Beach Investment Counsel Inc. PA acquired a new stake in shares of Goodyear Tire & Rubber in the second quarter valued at approximately $40,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Goodyear Tire & Rubber in the third quarter valued at approximately $45,000. 84.19% of the stock is currently owned by institutional investors and hedge funds.
About Goodyear Tire & Rubber
(
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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.
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