Tire unit volumes fell 4 percent to 40 million, including an 8-percent drop in original equipment unit volume, primarily due to lower US auto production in the first quarter, according to Goodyear, noting the comparison with very strong volumes in the USA and China OE market during the first quarter of 2016. Prior to the last earnings report, Zacks Research had a consensus estimate looking for EPS of $0.93.
Cooper Tire & Rubber Co (NYSE:CTB)'s share price traded down 9.8% on Thursday after the company announced weaker than expected quarterly earnings.
First quarter 2017 segment operating income of $98 million was 23 percent above the prior year due to favorable price/mix net of raw material costs and lower selling, administrative and general expense partially offset by the impact of lower volume. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. (:XXII)'s shares may have a significant upside to the consensus target of 3.50, but how has it been performing relative to the market? The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion.
Redskins draft Alabama LB Ryan Anderson in 2nd round
Allen wasn't sure if the interest was mutual between him and the Redskins - they didn't bring him in for an official visit. For former Alabama defensive lineman Jonathan Allen , falling to the Redskins at 17 couldn't have been a better feeling.
In Rubber & Plastics Industry, The Goodyear Tire & Rubber Company (GT) have 258.00 million outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. Hbk Invests Limited Partnership holds 0.03% or 505,000 shares.
Europe, Middle East and Africa's first quarter 2017 sales decreased 1 percent from previous year to $1.2 billion, which reflects a 4 percent decrease in tire unit volume and unfavorable foreign currency translation partially offset by improved price/mix. They now have a Dollars 40 price target on the stock.
Revenues at the Americas segment improved 0.3% year over year to $1.96 billion. State Street Corp increased its position in Goodyear Tire & Rubber Co by 2.4% in the fourth quarter. The company has PEG ratio of 1.16 and price to cash ratio of 8.18. The stock has "Neutral" rating by Citigroup on Friday, October 2. The stock of Goodyear Tire & Rubber Co (NASDAQ:GT) earned "Hold" rating by Standpoint Research on Wednesday, March 30. Sell-side analyst recommendations point to a short term price target of $20.42 on the company shares. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. (:XXII). Using the following ratings scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell and 5.0 Strong Sell, analysts have an average recommendation of 2.00. So is with The Goodyear Tire & Rubber Company. About 1.40M shares traded or 146.31% up from the average. Goodyear Tire & Rubber Co has a 12 month low of $24.31 and a 12 month high of $37.20.
United Airlines makes changes to boarding policies
Munoz apologized again and faulted his own initial response, in which he defended airline employees and called Dao belligerent. Munoz said he also wants agents and flight attendants to get more help at de-escalating tense situations.
In the trailing 12 months period, return on assets ratio of the Company was 7.50% and return on equity ratio was 29.30% while its return on investment ratio was 16.00%. Investors of record on Thursday, March 2nd were issued a dividend of $0.105 per share. The Company operates through four segments: North America, Latin America, Europe, and Asia. Creative Planning raised its stake in Cooper Tire & Rubber Co by 5.3% in the first quarter. The stock's current RSI reading is at 51.62.
Now have a look at past performance (weekly performance to year to date performance) how The Goodyear Tire & Rubber Company (GT) has been moved; whether it performed well or not. Jefferies initiated the shares of LAD in report on Monday, April 11 with "Buy" rating. Ameriprise Financial Inc invested 0.01% of its portfolio in Cooper Tire & Rubber Co (NYSE:CTB).
Flynn was warned not to accept foreign payments in 2014
The probe, launched earlier this month, was revealed in a letter released Thursday by Rep. Elijah Cummings, the top Democrat on the House Oversight Committee.