Goodyear Tire & Rubber (GT) Set to Announce Quarterly Earnings on Monday

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) is set to issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.10. Goodyear Tire & Rubber had a negative net margin of 1.82% and a positive return on equity of 6.55%. The company had revenue of $4.57 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same period last year, the company posted ($0.34) EPS. Goodyear Tire & Rubber's revenue was down 6.1% on a year-over-year basis. On average, analysts expect Goodyear Tire & Rubber to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Goodyear Tire & Rubber Stock Down 1.2 %

Shares of NASDAQ GT traded down $0.10 on Tuesday, reaching $8.43. 2,786,328 shares of the company's stock traded hands, compared to its average volume of 4,183,289. The business's 50 day simple moving average is $8.35 and its two-hundred day simple moving average is $10.32. Goodyear Tire & Rubber has a 12 month low of $7.27 and a 12 month high of $15.24. The company has a market cap of $2.40 billion, a price-to-earnings ratio of -3.73 and a beta of 1.69. The company has a quick ratio of 0.54, a current ratio of 1.06 and a debt-to-equity ratio of 1.41.

Analyst Ratings Changes

GT has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a report on Tuesday, September 17th. Wolfe Research cut Goodyear Tire & Rubber from an "outperform" rating to a "peer perform" rating in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Goodyear Tire & Rubber currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.23.

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.