Analysts Issue Forecasts for Cooper Tire & Rubber Co’s Q1 2018 Earnings (CTB)

Cooper Tire & Rubber Co (NYSE:CTB) – Equities research analysts at Northcoast Research lifted their Q1 2018 EPS estimates for Cooper Tire & Rubber in a report released on Wednesday. Northcoast Research analyst N. Mitchell now anticipates that the company will earn $0.89 per share for the quarter, up from their prior estimate of $0.78. Northcoast Research has a “Buy” rating on the stock. Northcoast Research also issued estimates for Cooper Tire & Rubber’s Q2 2018 earnings at $1.19 EPS, Q3 2018 earnings at $0.96 EPS, Q4 2018 earnings at $1.15 EPS and FY2018 earnings at $4.19 EPS.

A number of other brokerages have also recently commented on CTB. FBR & Co reaffirmed a “buy” rating and set a $50.00 price target on shares of Cooper Tire & Rubber in a research report on Tuesday, October 31st. Jefferies Group reaffirmed a “hold” rating and set a $35.00 price target on shares of Cooper Tire & Rubber in a research report on Tuesday, October 31st. B. Riley reaffirmed a “buy” rating and set a $50.00 price target on shares of Cooper Tire & Rubber in a research report on Monday, December 11th. ValuEngine raised shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Finally, KeyCorp reissued a “buy” rating and set a $42.00 price objective on shares of Cooper Tire & Rubber in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $44.86.

Cooper Tire & Rubber (NYSE CTB) traded down $0.10 during midday trading on Friday, reaching $39.70. The company had a trading volume of 1,222,000 shares, compared to its average volume of 813,838. The firm has a market capitalization of $2,030.00, a P/E ratio of 10.23 and a beta of 0.07. Cooper Tire & Rubber has a 1-year low of $31.55 and a 1-year high of $44.50. The company has a quick ratio of 1.59, a current ratio of 2.67 and a debt-to-equity ratio of 0.24.

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, beating the Zacks’ consensus estimate of $0.85 by $0.33. The business had revenue of $733.80 million during the quarter, compared to the consensus estimate of $779.02 million. Cooper Tire & Rubber had a return on equity of 21.44% and a net margin of 8.54%. Cooper Tire & Rubber’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 1st were given a $0.105 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.42 annualized dividend and a yield of 1.06%. Cooper Tire & Rubber’s payout ratio is 10.82%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC lifted its position in Cooper Tire & Rubber by 75.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the company’s stock valued at $145,000 after acquiring an additional 1,729 shares in the last quarter. Flinton Capital Management LLC lifted its position in Cooper Tire & Rubber by 76.7% in the 2nd quarter. Flinton Capital Management LLC now owns 4,452 shares of the company’s stock valued at $161,000 after acquiring an additional 1,932 shares in the last quarter. Advisory Services Network LLC lifted its position in Cooper Tire & Rubber by 6.8% in the 2nd quarter. Advisory Services Network LLC now owns 4,751 shares of the company’s stock valued at $172,000 after acquiring an additional 304 shares in the last quarter. Worth Venture Partners LLC purchased a new stake in Cooper Tire & Rubber in the 2nd quarter valued at about $235,000. Finally, M&T Bank Corp purchased a new stake in Cooper Tire & Rubber in the 2nd quarter valued at about $243,000.

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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.

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