Zacks Research Brokers Decrease Earnings Estimates for GT

The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) - Zacks Research dropped their FY2026 earnings per share (EPS) estimates for shares of Goodyear Tire & Rubber in a research report issued to clients and investors on Monday, March 10th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $2.07 per share for the year, down from their previous forecast of $2.08. The consensus estimate for Goodyear Tire & Rubber's current full-year earnings is $1.50 per share. Zacks Research also issued estimates for Goodyear Tire & Rubber's Q4 2026 earnings at $0.49 EPS and FY2027 earnings at $2.53 EPS.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.10. Goodyear Tire & Rubber had a net margin of 0.37% and a return on equity of 6.21%. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $4.91 billion.

Several other analysts have also weighed in on the company. StockNews.com raised Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a report on Monday, February 17th. TD Cowen assumed coverage on Goodyear Tire & Rubber in a research note on Friday, March 7th. They set a "buy" rating and a $14.00 price objective on the stock. Argus upgraded shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 price target on the stock in a research report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $10.00 price objective on shares of Goodyear Tire & Rubber in a research report on Friday, December 20th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $13.18.

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Goodyear Tire & Rubber Stock Down 2.6 %

Shares of Goodyear Tire & Rubber stock traded down $0.24 during trading hours on Wednesday, hitting $9.06. 3,810,840 shares of the company's stock traded hands, compared to its average volume of 5,709,076. The company has a quick ratio of 0.55, a current ratio of 1.04 and a debt-to-equity ratio of 1.30. Goodyear Tire & Rubber has a twelve month low of $7.27 and a twelve month high of $13.86. The stock has a 50 day simple moving average of $9.14 and a 200-day simple moving average of $8.98. The company has a market cap of $2.58 billion, a PE ratio of 37.75 and a beta of 1.71.

Hedge Funds Weigh In On Goodyear Tire & Rubber

Hedge funds have recently made changes to their positions in the business. American Century Companies Inc. lifted its stake in Goodyear Tire & Rubber by 10.3% during the fourth quarter. American Century Companies Inc. now owns 9,652,329 shares of the company's stock valued at $86,871,000 after buying an additional 897,463 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Goodyear Tire & Rubber by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 7,053,829 shares of the company's stock valued at $62,438,000 after acquiring an additional 86,227 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Goodyear Tire & Rubber by 8.3% in the 4th quarter. Victory Capital Management Inc. now owns 5,147,744 shares of the company's stock worth $46,330,000 after purchasing an additional 396,230 shares during the period. Norges Bank purchased a new position in Goodyear Tire & Rubber during the 4th quarter worth approximately $39,626,000. Finally, Segall Bryant & Hamill LLC grew its position in Goodyear Tire & Rubber by 13.4% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 4,101,832 shares of the company's stock worth $36,301,000 after purchasing an additional 484,198 shares in the last quarter. Institutional investors and hedge funds own 84.19% of the company's stock.

Goodyear Tire & Rubber Company Profile

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.