Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.10, Zacks reports. Goodyear Tire & Rubber had a negative net margin of 1.56% and a positive return on equity of 6.66%. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $4.91 billion.
Goodyear Tire & Rubber Stock Performance
Shares of GT stock traded up $1.41 during trading on Monday, reaching $9.58. 21,664,806 shares of the company's stock traded hands, compared to its average volume of 4,298,109. The company has a market capitalization of $2.73 billion, a P/E ratio of -9.21 and a beta of 1.79. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 1.51. The firm's 50-day moving average is $9.01 and its 200 day moving average is $8.85. Goodyear Tire & Rubber has a 1 year low of $7.27 and a 1 year high of $13.86.
Analyst Ratings Changes
A number of research analysts have recently weighed in on GT shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $10.00 target price on shares of Goodyear Tire & Rubber in a research report on Friday, December 20th. StockNews.com raised shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a research report on Monday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $13.30.
Read Our Latest Stock Report on GT
Goodyear Tire & Rubber Company Profile
(
Get Free Report)
Goodyear Tire & Rubber Co engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America.
Read More
Before you consider Goodyear Tire & Rubber, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Goodyear Tire & Rubber wasn't on the list.
While Goodyear Tire & Rubber currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
