The Goodyear Tire & Rubber (GT) Receiving Somewhat Critical News Coverage, Study Finds

Media coverage about The Goodyear Tire & Rubber (NASDAQ:GT) has trended somewhat negative recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Goodyear Tire & Rubber earned a media sentiment score of -0.02 on Accern’s scale. Accern also gave media coverage about the company an impact score of 44.7335768398146 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the headlines that may have effected Accern’s analysis:

Shares of The Goodyear Tire & Rubber (NASDAQ GT) opened at $29.45 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 1.12. The firm has a market cap of $7,254.33, a P/E ratio of 9.50, a PEG ratio of 0.82 and a beta of 1.51.

The Goodyear Tire & Rubber (NASDAQ:GT) last announced its earnings results on Friday, October 27th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The Goodyear Tire & Rubber had a net margin of 6.67% and a return on equity of 15.88%. The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the prior year, the company earned $1.17 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. analysts predict that The Goodyear Tire & Rubber will post 2.91 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 1st will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.90%. This is a boost from The Goodyear Tire & Rubber’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, October 31st. The Goodyear Tire & Rubber’s dividend payout ratio is presently 14.47%.

Several equities analysts have issued reports on GT shares. Zacks Investment Research downgraded shares of The Goodyear Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. BidaskClub upgraded shares of The Goodyear Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine downgraded shares of The Goodyear Tire & Rubber from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Morgan Stanley set a $52.00 price objective on shares of The Goodyear Tire & Rubber and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Deutsche Bank AG downgraded shares of The Goodyear Tire & Rubber from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $37.55.

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In other news, insider Jean Claude Kihn sold 7,500 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $32.44, for a total value of $243,300.00. Following the completion of the sale, the insider now directly owns 74,348 shares of the company’s stock, valued at $2,411,849.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 23,001 shares of company stock valued at $736,841 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

The 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 The Goodyear Tire & Rubber (NASDAQ:GT)

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