Goodyear Tire and Rubber (GT) Earning Somewhat Positive Media Coverage, Accern Reports

News headlines about Goodyear Tire and Rubber (NASDAQ:GT) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Goodyear Tire and Rubber earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.8811622170752 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media stories that may have impacted Accern’s rankings:

Shares of Goodyear Tire and Rubber stock traded up $0.06 during trading on Friday, reaching $27.01. The company’s stock had a trading volume of 2,974,263 shares, compared to its average volume of 2,872,818. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.21 and a quick ratio of 0.66. The stock has a market capitalization of $6,480.91, a price-to-earnings ratio of 8.66 and a beta of 1.79. Goodyear Tire and Rubber has a 1-year low of $25.88 and a 1-year high of $36.74.

Goodyear Tire and Rubber (NASDAQ:GT) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.23. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Goodyear Tire and Rubber had a return on equity of 15.70% and a net margin of 2.25%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 EPS. equities research analysts anticipate that Goodyear Tire and Rubber will post 3.6 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 1st will be given a $0.14 dividend. The ex-dividend date is Monday, April 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.07%. Goodyear Tire and Rubber’s payout ratio is 17.95%.

Several analysts have issued reports on the company. Longbow Research reaffirmed a “hold” rating on shares of Goodyear Tire and Rubber in a research report on Tuesday. Jefferies Group set a $38.00 target price on Goodyear Tire and Rubber and gave the company a “buy” rating in a research report on Wednesday, April 4th. ValuEngine cut Goodyear Tire and Rubber from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Morgan Stanley dropped their target price on Goodyear Tire and Rubber from $43.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, March 22nd. Finally, BidaskClub cut Goodyear Tire and Rubber from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.30.

ILLEGAL ACTIVITY WARNING: “Goodyear Tire and Rubber (GT) Earning Somewhat Positive Media Coverage, Accern Reports” was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The original version of this piece can be viewed at https://www.chaffeybreeze.com/2018/04/22/goodyear-tire-and-rubber-gt-earning-somewhat-positive-media-coverage-accern-reports.html.

About Goodyear Tire and 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, aircrafts, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, as well as under the private-label brands.

Insider Buying and Selling by Quarter for Goodyear Tire and Rubber (NASDAQ:GT)

Receive News & Ratings for Goodyear Tire and Rubber Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goodyear Tire and Rubber and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply