Goodyear Tire & Rubber Co (NASDAQ:GT) announced a quarterly dividend on Tuesday, January 16th, RTT News reports. Investors of record on Thursday, February 1st will be paid a dividend of 0.14 per share on Thursday, March 1st. This represents a $0.56 annualized dividend and a yield of 1.67%.

Shares of Goodyear Tire & Rubber (GT) opened at $33.50 on Wednesday. The firm has a market cap of $8,352.95, a P/E ratio of 8.66, a P/E/G ratio of 0.73 and a beta of 1.53. Goodyear Tire & Rubber has a 1-year low of $28.81 and a 1-year high of $37.20. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 1.12.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its earnings results on Friday, October 27th. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Goodyear Tire & Rubber had a net margin of 6.67% and a return on equity of 15.88%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.17 earnings per share. equities analysts forecast that Goodyear Tire & Rubber will post 2.88 EPS for the current year.

In other Goodyear Tire & Rubber news, SVP Jean Claude Kihn sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $32.12, for a total transaction of $240,900.00. Following the sale, the senior vice president now owns 51,848 shares of the company’s stock, valued at $1,665,357.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.

Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of Goodyear Tire & Rubber from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine raised shares of Goodyear Tire & Rubber from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. BidaskClub cut shares of Goodyear Tire & Rubber from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. Guggenheim cut shares of Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and set a $39.00 price objective on the stock. in a report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Goodyear Tire & Rubber from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $37.70.

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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.

Dividend History for Goodyear Tire & Rubber (NASDAQ:GT)

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