Cooper Tire misses Street 1Q forecasts

Cooper Tire misses Street 1Q forecasts

The biggest institutional shareholders in Cooper Tire & Rubber Company include Vanguard Group Inc which owns 4 million shares in the company valued at $174.23 million. The analysts offering Earnings Estimates for the company were believing that The Goodyear Tire & Rubber Company (GT) could bring EPS of $0.87/share.

Cooper Tire & Rubber Co (NYSE:CTB)'s share price traded down 9.8% on Thursday after the company announced weaker than expected quarterly earnings. The Marcato Capital Management Lp holds 3.84 million shares with $118.54 million value, down from 4.39M last quarter. Net sales for the company dropped $7 million compared to a year ago. Zacks Investment Research raised shares of Cooper Tire & Rubber Co from a "hold" rating to a "buy" rating and set a $49.00 target price for the company in a report on Tuesday.

Goodyear's first quarter 2017 sales were $3.7 billion, about even with sales in the first quarter of 2016. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. About shares traded. Cooper Tire & Rubber Co (NYSE:CTB) has risen 8.42% since September 21, 2016 and is uptrending.

The stock now has its Annual Dividend of $0.4 and an annual Dividend Yield of 1.13 Percent. GT reported a change of -0.53% over the last week and performed -2.63% over the last month while its year to date (YTD) performance revealed an activity trend of 15.53%. Finally, State Street Corp increased its position in shares of Cooper Tire & Rubber Co by 3.0% in the fourth quarter. The top target is presently $53 and the lowest target has the stock reaching $40 within the year. It has a dividend yield of 1.13%. Balasa Dinverno And Foltz Ltd Liability Com has invested 0.04% in Goodyear Tire & Rubber Co (NASDAQ:GT).

Marcato Capital Management Lp decreased Goodyear Tire & Rubr Co (GT) stake by 12.53% reported in 2016Q4 SEC filing. The price to earnings growth is 1.15 and the price to sales ratio is 17.


Cooper Tire had cash and cash equivalents of $365 million as of Mar 31, 2017, down from $434 million as of Mar 31, 2016. The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.10. Zacks Investment Research downgraded Cooper Tire & Rubber Co from a "hold" rating to a "sell" rating in a report on Tuesday, January 10th. Jefferies Initiates Coverage On the stock to Buy on 11/29/16 by stationing a price target of $36.5. In terms of recent volatility, the average for the month is 2.15% and 1.50% for the past week. Its the United Kingdom entity manufactures and markets passenger auto, light truck, motorcycle and racing tires and tire retread material.

Over the past five trading sessions shares of KKR & Co. It has been assigned a low target price of $24 and a high target price of $42. Combined, global unit volume increased almost 3 percent year over year, and we generated a 16.6 percent return on invested capital for the trailing four quarters. The FCF Growth of Cooper Tire & Rubber Company (NYSE:CTB) is -0.161040.

The company also released its Europe, Middle East, and Africa segment earnings, as well as its Asia Pacific segment earnings. RE Advisers Corp (DC) is the second biggest holder with 3 million shares now valued at 115.20 million whilst LSV Asset Management has 3 million shares valued at 101.13 million.

22nd Century Group, Inc. The Firm operates through three divisions. The stock's price is 1.40 and their relative strength index (RSI) stands at 63.87.

Goodyear's shipments in the Americas region, its biggest market, declined 4.4 percent due to lower USA auto production during the quarter ended March 31.

Related News:

  • AT&T CEO Expects Time Warner Deal to Happen 'This Year'

    AT&T CEO Expects Time Warner Deal to Happen 'This Year'

    AT&T said it ended the period with 4.6 million AT&T Fiber "customer locations" and plans to add 2 million to that total in 2017. AT&T today reported revenues of $39.4 billion, operating income of $6.9 billion and net income of $3.5 billion in Q1 2017.
    Worldwide rallies commemorate anniversary of the Armenian genocide

    Worldwide rallies commemorate anniversary of the Armenian genocide

    A genocide, a massacre, or maybe a " meds yeghern; " an Armenian word meaning "great calamity", which was used by former U.S. President Barack Obama in 2009 to keep a neutral stance, despite the dissatisfaction of both Turks and Armenians.

    'Fast and Furious' Franchise Spinning Off The Rock and Jason Statham

    The movie also broke the record of The Star Wars: Force Awakens, which held the record for the highest opening weekend ever. Gary Gray's film has clearly convinced someone with influence that they could headline a bomb-ass action movie on their own.
  • Britain's Labour to guarantee EU citizens' rights if wins election

    Britain's Labour to guarantee EU citizens' rights if wins election

    In a speech in London, Labour Brexit spokesman Keir Starmer said the largely pro-EU party would not seek to reverse voters' decision to quit the bloc.

    Macron is a realist who tells the truth. French voters have responded

    With 99 percent of ballots counted, Macron has 23.82 percent of the vote and Le Pen 21.57 percent. Ms Le Pen and her father are now estranged, and have not spoken for two years.

    Jimmy Garoppolo trade remains 'a long shot'

    That would be news to Brady, considering his public proclamations and the fact that Garoppolo only has one year left on his deal. If they were trying to maximize the value of Garoppolo, the time would be now with all these needy teams.
  • Aaron Hernandez's Lawyer Scoffs At Inmate Allegations

    Aaron Hernandez's Lawyer Scoffs At Inmate Allegations

    In other developments, a MA judge scheduled arguments on a request to vacate Hernandez's conviction in the Lloyd case. Kennedy is one of the three people Aaron left notes to before taking his own life in a MA prison cell on April 19.
    Severe weather expected Wednesday evening to Thursday morning

    Severe weather expected Wednesday evening to Thursday morning

    Thunderstorms will be on the increase perhaps as soon as late Wednesday morning over the northwest edge of the area. The next best chance of rain will arrive with a stronger front later in the day on Sunday and continue into Monday.
    Canadian PM Responds to Trump's Criticism of Dairy Industry

    Canadian PM Responds to Trump's Criticism of Dairy Industry

    Blaming Canada for restricting market access to ultra-filtered milk is missing the real issue facing Wisconsin farmers, they said. All that milk could go to waste if they don't find a buyer by April 30th.
  • Report says more drivers killed in crashes are on drugs, not drunk

    Report says more drivers killed in crashes are on drugs, not drunk

    MI is addressing that problem under a drugged driving pilot program signed into law by governor Snyder previous year . The majority of OH motorists now fear drugged drivers more than drunk drivers, according to a AAA survey.
    Call of Duty WW2 reveal COUNTDOWN

    Call of Duty WW2 reveal COUNTDOWN

    Activision debuted the first trailer for Call of Duty: WWII during a worldwide livesteam that followed a teaser announcement . The game was set in WWII when it first hit the market, then developers moved it to the modern era and a futuristic world.
    Afghan defense minister, army chief of staff resign over military base attack

    Afghan defense minister, army chief of staff resign over military base attack

    As part of the administration's review of Afghan policy, Trump's national security adviser, Army Lieutenant General H.R. McMaster, visited Kabul last week to consult with Nicholson and with Afghan officials.


Most liked

Justin Smoak out of the Blue Jays' lineup on Tuesday
The other Angels run, by the way.the run that ended up winning the game, basically, was off of a Yunel Escobar fielder's choice. He managed to clear Molina with his leap in the air and since the glove nor the ball touched him, Coghlan was ruled safe.

Pak denies India consular access to Jadhav again
The attacks come in protest against Pakistan's announcement of the death penalty issued to former Navy officer Kulbhushan Jadhav. Army spokesman Major General Asif Ghafoor last week said consular access can not be given to Jadhav because he is a spy.

Nintendo 3DS: Pros and Cons of its Possible Demise
Kimishima said Nintendo would be spending more this year on promotion to sell the Switch, putting a drag on operating profit. Nintendo sold 13.56 million Wii U consoles since its launch in November 2012, with just 760,000 sales in the a year ago .

Nintendo Switch Is Predicted to Be More Profitable Than Wii Console
This was a start, but it's arguable that things didn't really kick off until the eShop came to fruition on 3DS and Wii U. So, if you are longing to get one Nintendo Switch console, you still have a chance to grab one at any of these outlets.

Texas Sanctuary City Bill One Step Closer to Passage
The American Civil Liberties Union of Texas said it would "promote racial profiling based on appearance, background and accent". In the morning, dozens gathered in protests inside and outside the state capitol, including Harris County Sheriff Ed Gonzalez.

Desharnais scores late in OT to lift Oilers over Sharks, 4-3
It started when Oscar Klefbom blocked Justin Braun's point shot and Adam Larsson sprung Draisaitl on a breakaway. Marleau did beat Talbot in the third period after taking a cross-crease feed from Couture to make it 2-1.

Obama Accepts $400000 For Wall Street Speech
Hillary Clinton was taken to task during the presidential campaign previous year for her speeches to Goldman Sachs in 2015. Republicans and Democrats alike wanted transcripts released from three speeches she gave for $225,000.

Mayer set for $186m payout from Yahoo sale
It has been noted that she now holds Yahoo stock, stock options, and restricted stock units worth a total of $186 million. With that having been said the CEO's payout consists of Yahoo stock, stock options and restricted stock units.

Uber plans to take ride-sharing off the ground
Present, Uber has estimating of over $60 billion and is one of the extremely talked-about companies in the world. The Uber Elevate Summit is live in Dallas this week through Thursday.

I have a rebuilding job at Chelsea, says boss Conte
Hazard is expected to be recalled to the starting line-up for Chelsea's game against Southampton tonight. The 25-year-old Spaniard came through the ranks at Barcelona before moving to Stamford Bridge in 2011.

Larry Bird delivers Pacers' 2021 All-Star bid in an Indy car
He's playing high minutes anyway, so he doesn't have to handle it and feel like he has to do everything every minute of the game. Bird delivered the Pacers’ bid to host the 2021 All-Star game to NBA Commissioner Adam Silver, Monday, April 24, 2017 .

UN hosts aid-pledging conference for beleaguered Yemen
Meanwhile, activists on the ground told the Guardian that humanitarian aid was being prevented from reaching its recipients. Numerous children who survive "will be affected by stunting and poor health for their entire lives", he added.

Turkey's premier warns opposition against street protests
Trump called Erdogan Monday to congratulate him on his victory in the referendum on expanding presidential powers in Turkey. Here we have a ballot box. the democracy gets its power from the people.

Advocates fan out in global show of support for science
Participants had the chance to test their heart rate before and after the march as well as check the pH levels of water samples. Really, it's taxpayer dollars that fund the research that's done and the science that's done in government.

Porn links claimed in Mel B divorce fight, husband gets visiting rights
Meanwhile, Belafonte's lawyer Grace Jamra said the allegations levelled against him were part of "an ongoing smear campaign".