Goodyear Tire & Rubber (NASDAQ:GT – Get Free Report) released its quarterly earnings data on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, Briefing.com reports. The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Goodyear Tire & Rubber had a negative net margin of 3.43% and a positive return on equity of 1.16%. The business’s revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.29) EPS.
Goodyear Tire & Rubber Price Performance
Shares of NASDAQ GT opened at $12.42 on Wednesday. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of -5.15 and a beta of 1.86. The stock has a fifty day simple moving average of $12.51 and a two-hundred day simple moving average of $13.16. The company has a current ratio of 1.07, a quick ratio of 0.55 and a debt-to-equity ratio of 1.41. Goodyear Tire & Rubber has a 1-year low of $10.94 and a 1-year high of $16.50.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.16.
About Goodyear Tire & Rubber
The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.
Recommended Stories
- Five stocks we like better than Goodyear Tire & Rubber
- 10 Best Airline Stocks to Buy
- MU Nears Breakout as Analysts Continue to Pound the Table
- High Flyers: 3 Natural Gas Stocks for March 2022
- Upwork Capitalizes on the Growing AI Gig Economy
- Overbought Stocks Explained: Should You Trade Them?
- Garmin Navigates to New Highs Driven By Wearables Trend
Receive News & Ratings for Goodyear Tire & Rubber Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goodyear Tire & Rubber and related companies with MarketBeat.com's FREE daily email newsletter.
