$0.85 EPS Expected for Cooper Tire & Rubber Company (CTB) This Quarter

Wall Street brokerages expect Cooper Tire & Rubber Company (NYSE:CTB) to post $0.85 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have issued estimates for Cooper Tire & Rubber’s earnings, with estimates ranging from $0.76 to $0.90. Cooper Tire & Rubber reported earnings per share of $1.04 in the same quarter last year, which suggests a negative year-over-year growth rate of 18.3%. The company is scheduled to issue its next earnings report before the market opens on Monday, October 30th.

According to Zacks, analysts expect that Cooper Tire & Rubber will report full year earnings of $3.37 per share for the current financial year, with EPS estimates ranging from $3.20 to $3.51. For the next year, analysts anticipate that the firm will post earnings of $4.08 per share, with EPS estimates ranging from $3.65 to $4.45. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Cooper Tire & Rubber.

Cooper Tire & Rubber (NYSE:CTB) last released its quarterly earnings results on Friday, August 4th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. Cooper Tire & Rubber had a return on equity of 17.67% and a net margin of 6.71%. The firm had revenue of $720.75 million for the quarter, compared to the consensus estimate of $775.00 million. During the same quarter last year, the business posted $1.27 EPS. The company’s revenue for the quarter was down 2.6% on a year-over-year basis.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Jefferies Group LLC restated a “hold” rating and issued a $40.00 target price on shares of Cooper Tire & Rubber in a report on Sunday, September 10th. FBR & Co reiterated a “buy” rating and issued a $53.00 price objective on shares of Cooper Tire & Rubber in a research note on Tuesday, September 5th. Deutsche Bank AG increased their price objective on shares of Cooper Tire & Rubber from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, August 7th. Finally, BidaskClub lowered shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $42.00.

A number of large investors have recently made changes to their positions in CTB. FNY Partners Fund LP bought a new position in Cooper Tire & Rubber in the 1st quarter valued at $110,000. Riverhead Capital Management LLC raised its position in shares of Cooper Tire & Rubber by 75.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the company’s stock valued at $145,000 after buying an additional 1,729 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Cooper Tire & Rubber by 17.0% during the 2nd quarter. LS Investment Advisors LLC now owns 4,311 shares of the company’s stock valued at $156,000 after buying an additional 627 shares in the last quarter. Flinton Capital Management LLC raised its position in shares of Cooper Tire & Rubber by 76.7% during the 2nd quarter. Flinton Capital Management LLC now owns 4,452 shares of the company’s stock valued at $161,000 after buying an additional 1,932 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in shares of Cooper Tire & Rubber by 6.8% during the 2nd quarter. Advisory Services Network LLC now owns 4,751 shares of the company’s stock valued at $172,000 after buying an additional 304 shares in the last quarter.

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Cooper Tire & Rubber (CTB) traded down 1.92% during mid-day trading on Thursday, hitting $35.75. The company’s stock had a trading volume of 893,811 shares. The firm has a market cap of $1.87 billion and a price-to-earnings ratio of 9.89. Cooper Tire & Rubber has a 52-week low of $32.78 and a 52-week high of $44.50. The firm has a 50 day moving average of $36.27 and a 200-day moving average of $36.73.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.17%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is presently 11.67%.

About Cooper Tire & Rubber

Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia.

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