Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.12, Briefing.com reports. The firm had revenue of $4.82 billion during the quarter, compared to analysts' expectations of $4.96 billion. Goodyear Tire & Rubber had a negative net margin of 1.82% and a positive return on equity of 6.55%. The firm's quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the company posted $0.36 EPS.
Goodyear Tire & Rubber Trading Up 13.7 %
Goodyear Tire & Rubber stock traded up $1.11 during trading on Tuesday, hitting $9.23. The company's stock had a trading volume of 15,894,344 shares, compared to its average volume of 4,253,179. Goodyear Tire & Rubber has a 1-year low of $7.27 and a 1-year high of $15.24. The stock's fifty day moving average is $8.31 and its 200 day moving average is $10.21. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of -8.38 and a beta of 1.69. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 1.06.
Analyst Upgrades and Downgrades
GT has been the subject of several research analyst reports. Wolfe Research cut Goodyear Tire & Rubber from an "outperform" rating to a "peer perform" rating in a research note on Thursday, September 5th. StockNews.com cut shares of Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a research report on Tuesday, September 17th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.23.
Check Out Our Latest Stock Report on GT
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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