News headlines about Goodyear Tire & Rubber (NASDAQ:GT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Goodyear Tire & Rubber earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.6981751027449 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Free Post Earnings Research Report: Goodyear’s Quarterly Sales Gained 9%; Adjusted EPS Rose 4% – Digital Journal (digitaljournal.com)
- Free Post Earnings Research Report: Goodyear’s Quarterly Sales Gained 9%; Adjusted EPS Rose 4% (finance.yahoo.com)
- OSHA: Georgia Goodyear plant lapses put employees at serious risk (revealnews.org)
- Why Is Goodyear (GT) Down 15.4% Since its Last Earnings Report? (finance.yahoo.com)
- Goodyear Tire & Rubber Co (GT) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
Shares of Goodyear Tire & Rubber (NASDAQ:GT) traded down $0.24 during trading hours on Wednesday, hitting $28.11. 548,457 shares of the company’s stock were exchanged, compared to its average volume of 3,226,338. Goodyear Tire & Rubber has a 1 year low of $27.85 and a 1 year high of $37.20. The firm has a market cap of $6,947.44, a price-to-earnings ratio of 21.19, a PEG ratio of 0.65 and a beta of 1.72. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 1.21.
Goodyear Tire & Rubber (NASDAQ:GT) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.23. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.96 billion. Goodyear Tire & Rubber had a net margin of 2.25% and a return on equity of 15.70%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $0.95 EPS. analysts forecast that Goodyear Tire & Rubber will post 3.6 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 1st were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.99%. The ex-dividend date was Wednesday, January 31st. Goodyear Tire & Rubber’s payout ratio is 41.79%.
Several equities analysts have recently issued reports on the stock. BidaskClub lowered shares of Goodyear Tire & Rubber from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Zacks Investment Research raised shares of Goodyear Tire & Rubber from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Guggenheim set a $32.00 price target on shares of Goodyear Tire & Rubber and gave the company a “hold” rating in a report on Friday, February 9th. Longbow Research assumed coverage on shares of Goodyear Tire & Rubber in a report on Wednesday, January 31st. They issued a “neutral” rating for the company. Finally, TheStreet lowered shares of Goodyear Tire & Rubber from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $37.30.
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About Goodyear Tire & Rubber
The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.
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