According to Zacks, “In the first quarter of 2019, Cooper Tire’s earnings and revenues beat the respective Zacks Consensus Estimate. Quarterly results were driven by North America tire operation, aided by favorable pricing and product mix. It frequently launches products per the market demand across all regions. However, soaring tariff costs, owing to TBR tire imports from China to the United States, along with rising raw material costs, are hampering Cooper Tire’s bottom line. Further, challenging market conditions in Europe and Latin America, and a cautious Asia market are likely to hamper the company’s volume in international markets. Also, its competition with larger North American companies is another headwind.”
A number of other analysts have also recently commented on the stock. TheStreet cut shares of Cooper Tire & Rubber from a b- rating to a c+ rating in a research report on Tuesday, March 12th. Longbow Research reaffirmed a hold rating on shares of Cooper Tire & Rubber in a research report on Friday, January 18th. Finally, ValuEngine cut shares of Cooper Tire & Rubber from a buy rating to a hold rating in a research report on Monday, January 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $38.00.
NYSE CTB opened at $29.14 on Tuesday. The firm has a market capitalization of $1.46 billion, a P/E ratio of 13.37 and a beta of 0.59. Cooper Tire & Rubber has a twelve month low of $23.27 and a twelve month high of $35.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.93 and a quick ratio of 1.15.
Cooper Tire & Rubber (NYSE:CTB) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.06). The company had revenue of $619.20 million during the quarter, compared to analyst estimates of $608.14 million. Cooper Tire & Rubber had a net margin of 2.66% and a return on equity of 9.25%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 earnings per share. On average, sell-side analysts anticipate that Cooper Tire & Rubber will post 2.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.42 dividend on an annualized basis and a yield of 1.44%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is currently 19.27%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC bought a new position in shares of Cooper Tire & Rubber during the 4th quarter worth about $39,000. Captrust Financial Advisors bought a new position in shares of Cooper Tire & Rubber during the 4th quarter worth about $40,000. Quantamental Technologies LLC bought a new position in shares of Cooper Tire & Rubber during the 1st quarter worth about $42,000. KBC Group NV boosted its position in shares of Cooper Tire & Rubber by 98.7% during the 4th quarter. KBC Group NV now owns 1,685 shares of the company’s stock worth $54,000 after purchasing an additional 837 shares in the last quarter. Finally, Capital Investment Advisory Services LLC bought a new position in shares of Cooper Tire & Rubber during the 4th quarter worth about $63,000.
Cooper Tire & Rubber Company Profile
Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It manufactures and markets passenger car, light truck, truck and bus radial (TBR), motorcycle, and racing tires, as well as tire retread materials; and markets and distributes racing, TBR, and motorcycle tires.
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