Goodyear Tire & Rubber (GT) to Release Earnings on Monday

Goodyear Tire & Rubber (NASDAQ:GT) is set to issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.00 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.11. Goodyear Tire & Rubber had a negative net margin of 3.43% and a positive return on equity of 1.16%. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.38 billion. During the same period in the prior year, the firm earned $0.07 EPS. The business’s revenue was down 4.8% on a year-over-year basis. On average, analysts expect Goodyear Tire & Rubber to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Goodyear Tire & Rubber Stock Performance

NASDAQ:GT opened at $12.24 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.55 and a current ratio of 1.07. The firm’s 50-day moving average is $12.48 and its 200-day moving average is $13.15. Goodyear Tire & Rubber has a 52-week low of $10.12 and a 52-week high of $16.50. The company has a market cap of $3.48 billion, a price-to-earnings ratio of -5.12 and a beta of 1.86.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $17.16.

About Goodyear Tire & Rubber

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.