Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.39 earnings per share 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 analysts' expectations of $4.91 billion.
Goodyear Tire & Rubber Trading Up 17.3 %
Goodyear Tire & Rubber stock traded up $1.41 during midday trading on Monday, hitting $9.58. 21,664,806 shares of the stock were exchanged, compared to its average volume of 4,298,109. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $2.73 billion, a PE ratio of -9.21 and a beta of 1.79. The company has a fifty day simple moving average of $9.01 and a two-hundred day simple moving average of $8.85. Goodyear Tire & Rubber has a 52 week low of $7.27 and a 52 week high of $13.86.
Analyst Ratings Changes
A number of brokerages recently issued reports on GT. Deutsche Bank Aktiengesellschaft reaffirmed 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 report on Monday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $13.30.
Get Our Latest Stock Analysis on GT
About Goodyear Tire & Rubber
(
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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.
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