Goodyear Tire & Rubber (GT) Getting Somewhat Positive Media Coverage, Analysis Shows

Media coverage about Goodyear Tire & Rubber (NASDAQ:GT) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Goodyear Tire & Rubber earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.8403729103573 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Shares of Goodyear Tire & Rubber stock traded down $0.68 during trading on Thursday, reaching $27.50. 562,494 shares of the company were exchanged, compared to its average volume of 3,138,252. The stock has a market cap of $6,743.03, a price-to-earnings ratio of 21.03, a PEG ratio of 0.63 and a beta of 1.72. Goodyear Tire & Rubber has a 1 year low of $27.49 and a 1 year high of $36.78. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.21 and a quick ratio of 0.66.

Goodyear Tire & Rubber (NASDAQ:GT) last released its earnings results on Thursday, February 8th. The company reported $0.99 earnings per share for the quarter, topping the Zacks’ 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 business’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the company posted $0.95 EPS. equities analysts anticipate that Goodyear Tire & Rubber will post 3.6 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 1st were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.56 annualized dividend and a yield of 2.04%. Goodyear Tire & Rubber’s dividend payout ratio (DPR) is presently 41.79%.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Monday, January 29th. BidaskClub raised Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. TheStreet cut Goodyear Tire & Rubber from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Guggenheim set a $32.00 target price on Goodyear Tire & Rubber and gave the company a “hold” rating in a research note on Friday, February 9th. Finally, Longbow Research began coverage on Goodyear Tire & Rubber in a research note on Wednesday, January 31st. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $37.30.

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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.

Insider Buying and Selling by Quarter for Goodyear Tire & Rubber (NASDAQ:GT)

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