Q1 2019 Earnings Estimate for Cooper Tire & Rubber Co (CTB) Issued By Jefferies Financial Group


Cooper Tire & Rubber Co (NYSE:CTB) – Analysts at Jefferies Financial Group reduced their Q1 2019 earnings per share estimates for shares of Cooper Tire & Rubber in a report released on Tuesday, February 19th. Jefferies Financial Group analyst B. Jordan now anticipates that the company will earn $0.32 per share for the quarter, down from their previous estimate of $0.37. Jefferies Financial Group also issued estimates for Cooper Tire & Rubber’s Q4 2019 earnings at $0.85 EPS, Q1 2020 earnings at $0.72 EPS, Q2 2020 earnings at $0.89 EPS, Q3 2020 earnings at $0.98 EPS and Q4 2020 earnings at $1.06 EPS.


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Several other research analysts have also issued reports on the stock. ValuEngine lowered shares of Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. TheStreet raised shares of Cooper Tire & Rubber from a “c+” rating to a “b-” rating in a research note on Wednesday, November 21st. Northcoast Research set a $38.00 price objective on shares of Cooper Tire & Rubber and gave the company a “buy” rating in a report on Tuesday, November 20th. Wolfe Research raised shares of Cooper Tire & Rubber from an “underperform” rating to a “market perform” rating in a research report on Monday, November 12th. Finally, Longbow Research restated a “hold” rating on shares of Cooper Tire & Rubber in a research report on Friday, January 18th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $39.60.


Shares of CTB opened at $34.32 on Thursday. The stock has a market capitalization of $1.66 billion, a PE ratio of 15.16, a PEG ratio of 3.04 and a beta of 0.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.92 and a quick ratio of 1.59. Cooper Tire & Rubber has a one year low of $22.58 and a one year high of $35.36.

Cooper Tire & Rubber (NYSE:CTB) last released its quarterly earnings data on Tuesday, February 19th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.10. The firm had revenue of $770.50 million for the quarter, compared to analyst estimates of $773.82 million. Cooper Tire & Rubber had a return on equity of 9.12% and a net margin of 2.73%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 earnings per share.


The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be given a dividend of $0.105 per share. The ex-dividend date is Thursday, February 28th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.22%. Cooper Tire & Rubber’s payout ratio is currently 19.27%.

Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in Cooper Tire & Rubber by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 817,192 shares of the company’s stock valued at $21,492,000 after purchasing an additional 12,676 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new stake in shares of Cooper Tire & Rubber during the third quarter valued at approximately $327,000. First Trust Advisors LP boosted its holdings in Cooper Tire & Rubber by 41.5% in the third quarter. First Trust Advisors LP now owns 114,287 shares of the company’s stock worth $3,234,000 after purchasing an additional 33,536 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Cooper Tire & Rubber by 27.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,034,445 shares of the company’s stock valued at $29,288,000 after purchasing an additional 223,462 shares during the period. Finally, Frontier Capital Management Co. LLC increased its holdings in Cooper Tire & Rubber by 107.6% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,155,931 shares of the company’s stock valued at $32,713,000 after acquiring an additional 599,162 shares during the last quarter.


Cooper Tire & Rubber Company Profile

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, and markets 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, motorcycle, and racing tires, as well as tire retread material; and distributes tires for racing, medium trucks, and motorcycles.

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Earnings History and Estimates for Cooper Tire & Rubber (NYSE:CTB)

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