Somewhat Favorable News Coverage Somewhat Unlikely to Impact Goodyear Tire & Rubber (GT) Stock Price

Press coverage about Goodyear Tire & Rubber (NASDAQ:GT) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Goodyear Tire & Rubber earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.7113962552346 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

Shares of Goodyear Tire & Rubber (NASDAQ:GT) traded up $0.38 during mid-day trading on Thursday, hitting $29.96. The stock had a trading volume of 3,401,296 shares, compared to its average volume of 3,560,000. The company has a market cap of $7,380.00, a price-to-earnings ratio of 22.36, a P/E/G ratio of 0.63 and a beta of 1.60. Goodyear Tire & Rubber has a 12-month low of $28.81 and a 12-month high of $37.20. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its quarterly earnings data 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 firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.96 billion. Goodyear Tire & Rubber had a return on equity of 15.70% and a net margin of 2.25%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. research analysts forecast that Goodyear Tire & Rubber will post 3.74 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 1st will be given a $0.14 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.87%. Goodyear Tire & Rubber’s dividend payout ratio is currently 41.79%.

GT has been the topic of several recent research reports. Guggenheim set a $32.00 price target on Goodyear Tire & Rubber and gave the stock a “hold” rating in a research report on Friday, February 9th. TheStreet lowered Goodyear Tire & Rubber from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. BidaskClub lowered Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Monday, January 29th. Finally, Longbow Research initiated coverage on Goodyear Tire & Rubber in a research report on Wednesday, January 31st. They set a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Goodyear Tire & Rubber currently has a consensus rating of “Buy” and a consensus target price of $37.30.

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

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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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