Zacks Research Brokers Decrease Earnings Estimates for GT

The Goodyear Tire & Rubber Company (NASDAQ:GT) – Analysts at Zacks Research lowered their Q1 2027 earnings per share (EPS) estimates for shares of Goodyear Tire & Rubber in a research report issued to clients and investors on Thursday, June 19th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $0.46 for the quarter, down from their previous forecast of $0.49. 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 FY2027 earnings at $2.16 EPS.

Other research analysts have also issued reports about the company. BNP Paribas raised Goodyear Tire & Rubber from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 9th. Wall Street Zen lowered Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research report on Saturday, May 10th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $17.00 price objective (down from $18.00) on shares of Goodyear Tire & Rubber in a research report on Thursday, May 22nd. BNP Paribas Exane raised Goodyear Tire & Rubber from a “neutral” rating to an “outperform” rating and set a $15.00 price objective for the company in a research report on Monday, June 9th. Finally, TD Cowen started coverage on Goodyear Tire & Rubber in a research report on Friday, March 7th. They issued a “buy” rating and a $14.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $14.20.

Goodyear Tire & Rubber Trading Up 0.9%

Shares of GT stock opened at $10.24 on Monday. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 0.29 and a beta of 1.40. The stock has a 50-day moving average of $10.86 and a 200-day moving average of $9.77. The company has a current ratio of 1.22, a quick ratio of 0.64 and a debt-to-equity ratio of 1.44. Goodyear Tire & Rubber has a 1-year low of $7.27 and a 1-year high of $12.58.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.02. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.41 billion. Goodyear Tire & Rubber had a return on equity of 5.31% and a net margin of 1.30%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share.

Hedge Funds Weigh In On Goodyear Tire & Rubber

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its stake in shares of Goodyear Tire & Rubber by 3.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 28,766 shares of the company’s stock worth $266,000 after buying an additional 932 shares during the last quarter. Truist Financial Corp lifted its stake in Goodyear Tire & Rubber by 5.2% in the fourth quarter. Truist Financial Corp now owns 22,753 shares of the company’s stock valued at $205,000 after purchasing an additional 1,115 shares during the last quarter. Amalgamated Bank lifted its stake in Goodyear Tire & Rubber by 0.9% in the fourth quarter. Amalgamated Bank now owns 127,390 shares of the company’s stock valued at $1,147,000 after purchasing an additional 1,156 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Goodyear Tire & Rubber by 11.3% in the fourth quarter. Sanctuary Advisors LLC now owns 11,901 shares of the company’s stock valued at $110,000 after purchasing an additional 1,209 shares during the last quarter. Finally, Barnett & Company Inc. lifted its stake in Goodyear Tire & Rubber by 1.4% in the fourth quarter. Barnett & Company Inc. now owns 95,700 shares of the company’s stock valued at $861,000 after purchasing an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors 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.