FY2017 EPS Estimates for Cooper Tire & Rubber Company Decreased by Jefferies Group (CTB)

Cooper Tire & Rubber Company (NYSE:CTB) – Stock analysts at Jefferies Group lowered their FY2017 earnings per share estimates for shares of Cooper Tire & Rubber in a research note issued to investors on Tuesday. Jefferies Group analyst B. Jordan now forecasts that the company will post earnings per share of $3.26 for the year, down from their prior forecast of $3.29. Jefferies Group has a “Hold” rating and a $35.00 price objective on the stock.

Cooper Tire & Rubber (NYSE:CTB) last posted its quarterly earnings data on Monday, October 30th. The company reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.33. Cooper Tire & Rubber had a return on equity of 17.84% and a net margin of 7.18%. The firm had revenue of $733.80 million during the quarter, compared to analyst estimates of $779.02 million. During the same period last year, the company posted $1.04 EPS. The business’s quarterly revenue was down 2.3% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: “FY2017 EPS Estimates for Cooper Tire & Rubber Company Decreased by Jefferies Group (CTB)” was published by Community Financial News and is owned by of Community Financial News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.com-unik.info/2017/11/01/fy2017-eps-estimates-for-cooper-tire-rubber-company-decreased-by-jefferies-group-ctb.html.

CTB has been the subject of a number of other reports. Zacks Investment Research lowered shares of Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub upgraded shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Deutsche Bank AG increased their target price on shares of Cooper Tire & Rubber from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, August 7th. Finally, FBR & Co reiterated a “buy” rating and set a $50.00 target price on shares of Cooper Tire & Rubber in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Cooper Tire & Rubber presently has a consensus rating of “Hold” and an average target price of $40.67.

Cooper Tire & Rubber (NYSE:CTB) opened at 32.75 on Wednesday. Cooper Tire & Rubber has a 52-week low of $31.55 and a 52-week high of $44.50. The company has a market capitalization of $1.71 billion and a price-to-earnings ratio of 9.06. The stock has a 50 day moving average price of $36.18 and a 200 day moving average price of $36.52.

A number of institutional investors and hedge funds have recently modified their holdings of CTB. FNY Partners Fund LP purchased a new stake in Cooper Tire & Rubber in the first quarter worth about $110,000. Riverhead Capital Management LLC lifted its holdings in Cooper Tire & Rubber by 75.2% in the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the company’s stock worth $145,000 after buying an additional 1,729 shares during the period. LS Investment Advisors LLC lifted its holdings in Cooper Tire & Rubber by 17.0% in the second quarter. LS Investment Advisors LLC now owns 4,311 shares of the company’s stock worth $156,000 after buying an additional 627 shares during the period. Flinton Capital Management LLC lifted its holdings in Cooper Tire & Rubber by 76.7% in the second quarter. Flinton Capital Management LLC now owns 4,452 shares of the company’s stock worth $161,000 after buying an additional 1,932 shares during the period. Finally, Advisory Services Network LLC lifted its holdings in Cooper Tire & Rubber by 6.8% in the second quarter. Advisory Services Network LLC now owns 4,751 shares of the company’s stock worth $172,000 after buying an additional 304 shares during the period.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be issued a $0.105 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.42 annualized dividend and a yield of 1.28%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is presently 10.82%.

Cooper Tire & Rubber Company Profile

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.

Earnings History and Estimates for Cooper Tire & Rubber (NYSE:CTB)

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