Goodyear Tire & Rubber (GT) Set to Announce Quarterly Earnings on Monday

Goodyear Tire & Rubber (NASDAQ:GT) is set to post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Goodyear Tire & Rubber to post earnings of $0.00 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.36 by $0.11. Goodyear Tire & Rubber had a positive return on equity of 1.16% and a negative net margin of 3.43%. The business had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.38 billion. During the same quarter in the prior year, the company posted $0.07 EPS. The company’s quarterly 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 quick ratio of 0.55, a current ratio of 1.07 and a debt-to-equity ratio of 1.41. The firm’s 50-day moving average is $12.48 and its two-hundred day moving average is $13.16. Goodyear Tire & Rubber has a 12 month low of $10.12 and a 12 month high of $16.50.

Wall Street Analyst Weigh In

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

Goodyear Tire & Rubber Company Profile

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.