The Goodyear Tire & Rubber (GT) Receiving Somewhat Positive News Coverage, Report Finds
Headlines about The Goodyear Tire & Rubber (NASDAQ:GT) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. The Goodyear Tire & Rubber earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.0048978758695 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- Extremely Informative stock:- The Goodyear Tire & Rubber Company (NASDAQ:GT) – The Stock Street (press release) (thestreetpoint.com)
- Analysts Expect The Goodyear Tire & Rubber Company (GT) to Post $0.73 EPS (americanbankingnews.com)
- 10 Energizer Bunny Stocks (finance.yahoo.com)
- The Goodyear Tire & Rubber Company (GT) – Summary of what has been Unusual Volume trade – Wall Street Morning (wallstreetmorning.com)
- The Goodyear Tire & Rubber Company (GT) Stock Technical Analysis – Wall Street Morning (wallstreetmorning.com)
A number of equities research analysts have weighed in on the stock. J P Morgan Chase & Co reduced their target price on shares of The Goodyear Tire & Rubber from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, October 30th. BidaskClub raised shares of The Goodyear Tire & Rubber from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 13th. Zacks Investment Research lowered shares of The Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. ValuEngine raised shares of The Goodyear Tire & Rubber from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Finally, Morgan Stanley reaffirmed a “buy” rating and issued a $46.00 price objective on shares of The Goodyear Tire & Rubber in a research note on Monday, September 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $37.70.
The Goodyear Tire & Rubber (NASDAQ:GT) last posted its quarterly earnings data on Friday, October 27th. The company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.03. The Goodyear Tire & Rubber had a net margin of 6.67% and a return on equity of 15.88%. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the firm posted $1.17 EPS. The company’s quarterly revenue was up 1.9% on a year-over-year basis. equities analysts expect that The Goodyear Tire & Rubber will post 2.88 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 1st were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Tuesday, October 31st. This is an increase from The Goodyear Tire & Rubber’s previous quarterly dividend of $0.10. The Goodyear Tire & Rubber’s payout ratio is presently 14.47%.
In related news, insider Jean Claude Kihn sold 7,500 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $33.26, for a total transaction of $249,450.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 30,000 shares of company stock worth $962,625 in the last quarter. 1.40% of the stock is owned by corporate insiders.
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The Goodyear Tire & Rubber Company Profile
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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