Jefferies Financial Group Research Analysts Lower Earnings Estimates for Cooper Tire & Rubber Co (CTB)

Cooper Tire & Rubber Co (NYSE:CTB) – Investment analysts at Jefferies Financial Group decreased their Q2 2019 earnings estimates for Cooper Tire & Rubber in a report issued on Monday, April 29th, according to Zacks Investment Research. Jefferies Financial Group analyst B. Jordan now expects that the company will earn $0.48 per share for the quarter, down from their prior estimate of $0.58. Jefferies Financial Group also issued estimates for Cooper Tire & Rubber’s Q2 2020 earnings at $0.73 EPS, Q3 2020 earnings at $1.07 EPS, Q4 2020 earnings at $1.02 EPS and FY2020 earnings at $3.30 EPS.

CTB has been the topic of several other research reports. Zacks Investment Research upgraded Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. TheStreet lowered Cooper Tire & Rubber from a “b-” rating to a “c+” rating in a report on Tuesday, March 12th. Finally, Longbow Research reiterated a “hold” rating on shares of Cooper Tire & Rubber in a report on Friday, January 18th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Cooper Tire & Rubber currently has an average rating of “Hold” and an average target price of $38.00.

CTB stock opened at $29.33 on Wednesday. Cooper Tire & Rubber has a fifty-two week low of $23.27 and a fifty-two week high of $35.36. The stock has a market cap of $1.44 billion, a PE ratio of 13.45 and a beta of 0.59. The company has a quick ratio of 1.15, a current ratio of 1.93 and a debt-to-equity ratio of 0.10.

Cooper Tire & Rubber (NYSE:CTB) last released its earnings results on Monday, April 29th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). Cooper Tire & Rubber had a return on equity of 9.25% and a net margin of 2.66%. The firm had revenue of $619.20 million for the quarter, compared to the consensus estimate of $608.14 million. During the same quarter in the previous year, the firm earned $0.16 EPS. The company’s revenue was up 2.9% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, May 31st. Cooper Tire & Rubber’s payout ratio is 19.27%.

Several institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its position in shares of Cooper Tire & Rubber by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 19,391 shares of the company’s stock valued at $580,000 after purchasing an additional 350 shares during the last quarter. Advisor Group Inc. grew its position in Cooper Tire & Rubber by 20.3% during the fourth quarter. Advisor Group Inc. now owns 2,153 shares of the company’s stock worth $69,000 after buying an additional 363 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its holdings in shares of Cooper Tire & Rubber by 3.3% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 11,971 shares of the company’s stock valued at $387,000 after purchasing an additional 385 shares in the last quarter. Mason Street Advisors LLC boosted its holdings in shares of Cooper Tire & Rubber by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 16,081 shares of the company’s stock valued at $481,000 after purchasing an additional 531 shares in the last quarter. Finally, Rowland & Co. Investment Counsel ADV boosted its holdings in shares of Cooper Tire & Rubber by 3.8% in the 1st quarter. Rowland & Co. Investment Counsel ADV now owns 16,458 shares of the company’s stock valued at $492,000 after purchasing an additional 600 shares in the last quarter. 99.55% of the stock is currently owned by institutional investors.

About Cooper Tire & Rubber

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

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