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NASDAQ:GT

Goodyear Tire & Rubber (GT) Stock Price, News & Analysis

$8.53
+0.38 (+4.66%)
(As of 10/4/2024 ET)

About Goodyear Tire & Rubber Stock (NASDAQ:GT)

Key Stats

Today's Range
$8.33
$8.61
50-Day Range
$7.63
$11.84
52-Week Range
$7.27
$15.24
Volume
3.50 million shs
Average Volume
4.06 million shs
Market Capitalization
$2.43 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$17.23
Consensus Rating
Moderate Buy

Company Overview

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. The company also provides retread truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; sells chemical products; and provides automotive and commercial repair services, and miscellaneous other products and services. In addition, it operates approximately 950 retail outlets, which offer products for sale, and provides repair and other services. Further, the company sells products and installation services online through its websites, www.goodyear.com for consumer tires and www.goodyeartrucktires.com for commercial tires; automotive maintenance and repair services under the Goodyear or Just Tires names; and automotive repair and maintenance items, automotive equipment and accessories, and other items to dealers and consumers, as well as provides miscellaneous other products and services. The company sells its products worldwide through a network of independent dealers, regional distributors, retail outlets, and retailers. The Goodyear Tire & Rubber Company was incorporated in 1898 and is headquartered in Akron, Ohio.

Goodyear Tire & Rubber Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
81st Percentile Overall Score

GT MarketRank™: 

Goodyear Tire & Rubber scored higher than 81% of companies evaluated by MarketBeat, and ranked 24th out of 94 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Goodyear Tire & Rubber has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Goodyear Tire & Rubber has only been the subject of 1 research reports in the past 90 days.

  • Read more about Goodyear Tire & Rubber's stock forecast and price target.
  • Earnings Growth

    Earnings for Goodyear Tire & Rubber are expected to grow by 68.87% in the coming year, from $1.06 to $1.79 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Goodyear Tire & Rubber is -3.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Goodyear Tire & Rubber is -3.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Goodyear Tire & Rubber has a P/B Ratio of 0.50. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Goodyear Tire & Rubber's valuation and earnings.
  • Percentage of Shares Shorted

    5.62% of the float of Goodyear Tire & Rubber has been sold short.
  • Short Interest Ratio / Days to Cover

    Goodyear Tire & Rubber has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Goodyear Tire & Rubber has recently decreased by 11.09%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Goodyear Tire & Rubber does not currently pay a dividend.

  • Dividend Growth

    Goodyear Tire & Rubber does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on earnings estimates, Goodyear Tire & Rubber will have a dividend payout ratio of 35.75% next year. This indicates that Goodyear Tire & Rubber will be able to sustain or increase its dividend.

  • Read more about Goodyear Tire & Rubber's dividend.
  • Percentage of Shares Shorted

    5.62% of the float of Goodyear Tire & Rubber has been sold short.
  • Short Interest Ratio / Days to Cover

    Goodyear Tire & Rubber has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Goodyear Tire & Rubber has recently decreased by 11.09%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Goodyear Tire & Rubber has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Auto/Tires/Trucks companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for Goodyear Tire & Rubber this week, compared to 6 articles on an average week.
  • Search Interest

    Only 15 people have searched for GT on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.
  • MarketBeat Follows

    Only 5 people have added Goodyear Tire & Rubber to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Goodyear Tire & Rubber insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.20% of the stock of Goodyear Tire & Rubber is held by insiders.

  • Percentage Held by Institutions

    84.19% of the stock of Goodyear Tire & Rubber is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Goodyear Tire & Rubber's insider trading history.
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GT Stock News Headlines

Goodyear Tire & Rubber (NASDAQ:GT) Stock Price Down 3.3%
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See More Headlines

GT Stock Analysis - Frequently Asked Questions

Goodyear Tire & Rubber's stock was trading at $14.32 at the beginning of the year. Since then, GT shares have decreased by 40.4% and is now trading at $8.53.
View the best growth stocks for 2024 here
.

The Goodyear Tire & Rubber Company (NASDAQ:GT) posted its quarterly earnings results on Wednesday, July, 31st. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.10. The business's quarterly revenue was down 6.1% on a year-over-year basis.

Top institutional shareholders of Goodyear Tire & Rubber include SG Americas Securities LLC (0.17%). Insiders that own company stock include Darren R Wells, Richard J Kramer and Stephen R Mcclellan.
View institutional ownership trends
.

Shares of GT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Goodyear Tire & Rubber investors own include AT&T (T), General Electric (GE), Ford Motor (F), Intel (INTC), Pfizer (PFE), Wells Fargo & Company (WFC) and Bank of America (BAC).

Company Calendar

Last Earnings
7/31/2024
Today
10/05/2024
Next Earnings (Estimated)
11/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Tires & inner tubes
Sub-Industry
Tires & Rubber
CUSIP
38255010
Employees
71,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.23
High Stock Price Target
$21.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+101.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$-689,000,000.00
Pretax Margin
-1.44%

Debt

Sales & Book Value

Annual Sales
$19.37 billion
Cash Flow
$4.87 per share
Book Value
$17.06 per share

Miscellaneous

Free Float
281,271,000
Market Cap
$2.43 billion
Optionable
Optionable
Beta
1.69

Social Links

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This page (NASDAQ:GT) was last updated on 10/6/2024 by MarketBeat.com Staff
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