Goodyear Tire & Rubber (NASDAQ:GT) Releases Earnings Results

Goodyear Tire & Rubber (NASDAQ:GT) released its quarterly earnings data on Monday. The company reported $0.10 EPS for the quarter, Briefing.com reports. Goodyear Tire & Rubber had a positive return on equity of 1.16% and a negative net margin of 3.43%. The firm had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the prior year, the firm posted ($0.29) earnings per share. The firm’s quarterly revenue was down 8.9% on a year-over-year basis.

Goodyear Tire & Rubber Price Performance

NASDAQ GT traded up $0.17 during trading hours on Monday, reaching $12.41. 3,763,823 shares of the company’s stock traded hands, compared to its average volume of 3,639,349. The company has a current ratio of 1.07, a quick ratio of 0.55 and a debt-to-equity ratio of 1.41. The firm has a 50-day simple moving average of $12.48 and a 200 day simple moving average of $13.16. Goodyear Tire & Rubber has a 52-week low of $10.94 and a 52-week high of $16.50.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Goodyear Tire & Rubber has a consensus rating of “Moderate Buy” and an average price target 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.