Zacks: Analysts Expect Cooper Tire & Rubber Co (CTB) to Announce $0.45 EPS

Wall Street analysts expect that Cooper Tire & Rubber Co (NYSE:CTB) will post $0.45 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Cooper Tire & Rubber’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.39. Cooper Tire & Rubber posted earnings per share of $1.18 during the same quarter last year, which indicates a negative year-over-year growth rate of 61.9%. The company is expected to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Cooper Tire & Rubber will report full-year earnings of $1.40 per share for the current year, with EPS estimates ranging from $1.28 to $1.50. For the next fiscal year, analysts expect that the firm will post earnings of $2.66 per share, with EPS estimates ranging from $2.30 to $2.98. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Cooper Tire & Rubber.

Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings results on Monday, August 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. Cooper Tire & Rubber had a net margin of 1.53% and a return on equity of 9.24%. The business had revenue of $698.00 million for the quarter, compared to analysts’ expectations of $679.75 million. During the same quarter last year, the company posted $0.85 earnings per share. The company’s quarterly revenue was down 3.2% compared to the same quarter last year.

Several equities analysts have recently commented on the stock. Longbow Research reaffirmed a “hold” rating on shares of Cooper Tire & Rubber in a research report on Tuesday, August 21st. ValuEngine raised shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Wolfe Research assumed coverage on shares of Cooper Tire & Rubber in a research report on Tuesday, October 2nd. They set an “underperform” rating on the stock. Northcoast Research reiterated a “buy” rating on shares of Cooper Tire & Rubber in a research note on Monday, June 25th. Finally, Zacks Investment Research upgraded shares of Cooper Tire & Rubber from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $41.00.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its stake in shares of Cooper Tire & Rubber by 24.8% in the second quarter. Rhumbline Advisers now owns 136,979 shares of the company’s stock valued at $3,603,000 after purchasing an additional 27,185 shares during the period. HGK Asset Management Inc. increased its stake in shares of Cooper Tire & Rubber by 19.4% in the second quarter. HGK Asset Management Inc. now owns 15,843 shares of the company’s stock valued at $417,000 after purchasing an additional 2,576 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Cooper Tire & Rubber by 1.6% in the second 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 period. Fairpointe Capital LLC increased its stake in shares of Cooper Tire & Rubber by 5.7% in the second quarter. Fairpointe Capital LLC now owns 4,424,985 shares of the company’s stock valued at $116,377,000 after purchasing an additional 239,226 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new stake in shares of Cooper Tire & Rubber in the second quarter valued at approximately $14,643,000.

Shares of CTB stock traded down $0.36 during trading hours on Monday, hitting $23.68. 1,127,985 shares of the company were exchanged, compared to its average volume of 762,715. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.53 and a current ratio of 2.58. Cooper Tire & Rubber has a one year low of $22.58 and a one year high of $40.78. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 5.04 and a beta of 0.66.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Tuesday, September 4th were paid a dividend of $0.105 per share. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.42 annualized dividend and a yield of 1.77%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is 13.55%.

About Cooper Tire & Rubber

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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