Goodyear Tire & Rubber (NASDAQ:GT) Releases Earnings Results, Beats Estimates By $0.10 EPS

Goodyear Tire & Rubber (NASDAQ:GT) issued its earnings results on Thursday. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10, Zacks reports. Goodyear Tire & Rubber had a positive return on equity of 6.66% and a negative net margin of 1.56%.

Goodyear Tire & Rubber Stock Down 0.7 %

NASDAQ:GT traded down $0.06 during trading hours on Thursday, hitting $8.17. 8,875,194 shares of the company traded hands, compared to its average volume of 4,865,623. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 1.51. The firm’s 50-day simple moving average is $9.07 and its 200-day simple moving average is $8.91. Goodyear Tire & Rubber has a one year low of $7.27 and a one year high of $13.86. The company has a market cap of $2.33 billion, a PE ratio of -7.86 and a beta of 1.79.

Analyst Ratings Changes

A number of equities analysts recently issued reports on GT shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $10.00 target price on shares of Goodyear Tire & Rubber in a report on Friday, December 20th. StockNews.com cut Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.30.

About Goodyear Tire & Rubber

Goodyear Tire & Rubber Co engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America.