Wall Street analysts predict that Cooper Tire & Rubber Company (NYSE:CTB) will announce sales of $763.61 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Cooper Tire & Rubber’s earnings. The lowest sales estimate is $738.00 million and the highest is $829.30 million. Cooper Tire & Rubber reported sales of $783.89 million during the same quarter last year, which would suggest a negative year over year growth rate of 2.6%. The business is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Cooper Tire & Rubber will report full-year sales of $763.61 million for the current fiscal year, with estimates ranging from $2.84 billion to $2.97 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.98 billion per share, with estimates ranging from $2.79 billion to $3.17 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Cooper Tire & Rubber.

Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings results on Monday, October 30th. The company reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.33. Cooper Tire & Rubber had a net margin of 7.18% and a return on equity of 17.56%. The firm had revenue of $733.80 million during the quarter, compared to the consensus estimate of $779.02 million. During the same quarter last year, the firm earned $1.04 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year.

CTB has been the subject of several analyst reports. Jefferies Group LLC reissued a “hold” rating and issued a $35.00 price objective on shares of Cooper Tire & Rubber in a research note on Tuesday, October 31st. BidaskClub downgraded shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. FBR & Co reissued a “buy” rating and issued a $50.00 price objective on shares of Cooper Tire & Rubber in a research note on Tuesday, October 31st. Deutsche Bank AG raised their price objective on shares of Cooper Tire & Rubber from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, August 7th. Finally, Zacks Investment Research downgraded shares of Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $44.00.

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Cooper Tire & Rubber (NYSE CTB) opened at $33.85 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.67 and a quick ratio of 1.59. Cooper Tire & Rubber has a 1-year low of $31.55 and a 1-year high of $44.50. The company has a market cap of $1,766.38, a PE ratio of 8.88, a P/E/G ratio of 1.12 and a beta of -0.01.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.24%. The ex-dividend date is Thursday, November 30th. Cooper Tire & Rubber’s payout ratio is currently 10.82%.

Large investors have recently modified their holdings of the company. Riverhead Capital Management LLC increased its position in shares of Cooper Tire & Rubber by 75.2% during the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the company’s stock worth $145,000 after acquiring an additional 1,729 shares during the period. LS Investment Advisors LLC increased its position in shares of Cooper Tire & Rubber by 17.0% during the second quarter. LS Investment Advisors LLC now owns 4,311 shares of the company’s stock worth $156,000 after acquiring an additional 627 shares during the period. Flinton Capital Management LLC increased its position in shares of Cooper Tire & Rubber by 76.7% during the second quarter. Flinton Capital Management LLC now owns 4,452 shares of the company’s stock worth $161,000 after acquiring an additional 1,932 shares during the period. Advisory Services Network LLC increased its position in shares of Cooper Tire & Rubber by 6.8% during the second quarter. Advisory Services Network LLC now owns 4,751 shares of the company’s stock worth $172,000 after acquiring an additional 304 shares during the period. Finally, ING Groep NV purchased a new position in shares of Cooper Tire & Rubber during the second quarter worth approximately $232,000.

About Cooper Tire & Rubber

Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia.

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

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