$0.44 EPS Expected for The Goodyear Tire & Rubber Company (GT)

April 19, 2018 - By Stephen Andrade

The Goodyear Tire & Rubber Company (NASDAQ:GT) LogoInvestors sentiment decreased to 0.75 in 2017 Q4. Its down 0.29, from 1.04 in 2017Q3. It dived, as 41 investors sold The Goodyear Tire & Rubber Company shares while 163 reduced holdings. 40 funds opened positions while 112 raised stakes. 211.29 million shares or 6.62% less from 226.27 million shares in 2017Q3 were reported.
Eaton Vance Mngmt stated it has 0.17% in The Goodyear Tire & Rubber Company (NASDAQ:GT). Retirement Sys Of Alabama owns 300,819 shares or 0.05% of their US portfolio. Deroy & Devereaux Private Invest Counsel owns 629,198 shares for 2.14% of their portfolio. 56,591 are held by Paloma Prns Management. Laurion Capital Mgmt L P holds 0.01% of its portfolio in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 61,219 shares. Kennedy Capital Mgmt reported 311,442 shares stake. Prudential Fincl accumulated 630,000 shares. Assetmark reported 3,316 shares stake. Davide Leone Ptnrs Investment Com Limited Liability Partnership stated it has 1.37% in The Goodyear Tire & Rubber Company (NASDAQ:GT). Parametric Portfolio Associate Ltd Com stated it has 1.31 million shares. Wilsey Asset Mngmt invested 5.48% in The Goodyear Tire & Rubber Company (NASDAQ:GT). State Of Alaska Department Of Revenue accumulated 46,398 shares or 0.04% of the stock. New York State Teachers Retirement accumulated 501,919 shares. Hoertkorn Richard Charles owns 1,000 shares. Next Financial Grp reported 0.19% of its portfolio in The Goodyear Tire & Rubber Company (NASDAQ:GT).

Analysts expect The Goodyear Tire & Rubber Company (NASDAQ:GT) to report $0.44 EPS on April, 25 before the open.They anticipate $0.30 EPS change or 40.54 % from last quarter’s $0.74 EPS. GT’s profit would be $105.81M giving it 15.50 P/E if the $0.44 EPS is correct. After having $0.99 EPS previously, The Goodyear Tire & Rubber Company’s analysts see -55.56 % EPS growth. The stock decreased 1.94% or $0.54 during the last trading session, reaching $27.28. About 2.64 million shares traded. The Goodyear Tire & Rubber Company (NASDAQ:GT) has declined 25.73% since April 19, 2017 and is downtrending. It has underperformed by 37.28% the S&P500.

The Goodyear Tire & Rubber Company (NASDAQ:GT) Ratings Coverage

Among 7 analysts covering Goodyear Tire \u0026 Rubber (NASDAQ:GT), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Goodyear Tire \u0026 Rubber had 12 analyst reports since October 30, 2017 according to SRatingsIntel. The firm has “Buy” rating by KeyBanc Capital Markets given on Thursday, November 9. The firm earned “Hold” rating on Monday, January 8 by Guggenheim. The company was maintained on Thursday, March 22 by Morgan Stanley. As per Tuesday, December 19, the company rating was maintained by Jefferies. The firm earned “Buy” rating on Sunday, January 28 by Jefferies. The company was downgraded on Monday, October 30 by Citigroup. Guggenheim maintained the shares of GT in report on Friday, February 9 with “Hold” rating. Jefferies maintained The Goodyear Tire & Rubber Company (NASDAQ:GT) rating on Wednesday, April 4. Jefferies has “Buy” rating and $3800 target. The firm has “Overweight” rating given on Monday, October 30 by JP Morgan. The firm has “Neutral” rating by Guggenheim given on Wednesday, November 1.

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, makes, distributes, and sells tires and related services and products worldwide. The company has market cap of $6.56 billion. 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 brand names, as well as under the private-label brands. It has a 19.91 P/E ratio. The firm also retreads truck, aviation, and off-the-road tires; makes and sells tread rubber and other tire retreading materials; makes and markets rubber-related chemicals; and provides automotive repair services, and miscellaneous other services and products, as well as sells natural rubber products.

The Goodyear Tire & Rubber Company (NASDAQ:GT) Institutional Positions Chart

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