Cooper Tire & Rubber (NYSE:CTB) issued its earnings results on Sunday. The company reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.17), MarketWatch Earnings reports. Cooper Tire & Rubber had a net margin of 6.14% and a return on equity of 12.99%. The company had revenue of $728.30 million during the quarter, compared to analyst estimates of $732.68 million. During the same quarter in the previous year, the firm earned $1.02 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis.
Shares of NYSE CTB opened at $57.14 on Tuesday. The company has a current ratio of 2.41, a quick ratio of 1.75 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $40.33 and a 200-day simple moving average of $37.57. The company has a market cap of $2.88 billion, a PE ratio of 18.33 and a beta of 1.53. Cooper Tire & Rubber has a 12-month low of $13.82 and a 12-month high of $57.68.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Monday, March 1st will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, February 26th. This represents a $0.42 annualized dividend and a dividend yield of 0.74%. Cooper Tire & Rubber’s dividend payout ratio is presently 21.99%.
Cooper Tire & Rubber Company Profile
Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It offers passenger car, light truck, truck and bus radial (TBR), motorcycle, and racing tires, as well as tire retread materials; and markets and distributes racing, TBR, and motorcycle tires.
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