Cooper Tire & Rubber (CTB) to Release Quarterly Earnings on Monday

Cooper Tire & Rubber (NYSE:CTB) is set to announce its earnings results before the market opens on Monday, August 3rd. Analysts expect the company to announce earnings of ($0.48) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Cooper Tire & Rubber (NYSE:CTB) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.08). Cooper Tire & Rubber had a net margin of 2.92% and a return on equity of 6.85%. The business had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $544.67 million. During the same period last year, the company earned $0.14 earnings per share. The firm’s revenue was down 14.1% on a year-over-year basis. On average, analysts expect Cooper Tire & Rubber to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NYSE CTB opened at $31.06 on Friday. The company’s fifty day moving average price is $28.21 and its 200 day moving average price is $24.65. Cooper Tire & Rubber has a 1 year low of $13.82 and a 1 year high of $32.74. The company has a market capitalization of $1.60 billion, a PE ratio of 20.04 and a beta of 1.31. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 2.05.

CTB has been the topic of a number of recent analyst reports. KeyCorp increased their price target on shares of Cooper Tire & Rubber from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Cfra lowered their price target on shares of Cooper Tire & Rubber from $30.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday, May 7th. JPMorgan Chase & Co. increased their price target on shares of Cooper Tire & Rubber from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, June 19th. Finally, Zacks Investment Research cut shares of Cooper Tire & Rubber from a “hold” rating to a “strong sell” rating and set a $26.00 price objective for the company. in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $30.40.

About Cooper Tire & Rubber

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It manufactures and markets passenger car, light truck, truck and bus radial (TBR), motorcycle, and racing tires, as well as tire retread materials; and markets and distributes racing, TBR, and motorcycle tires.

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Earnings History for Cooper Tire & Rubber (NYSE:CTB)

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