Cooper Tire & Rubber (NYSE:CTB) posted its quarterly earnings results on Sunday. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.14), Briefing.com reports. Cooper Tire & Rubber had a net margin of 6.14% and a return on equity of 12.99%. The business had revenue of $655.80 million for the quarter, compared to the consensus estimate of $599.12 million. During the same period in the prior year, the business earned ($0.23) earnings per share. Cooper Tire & Rubber’s revenue was up 23.3% compared to the same quarter last year.
Shares of CTB traded up $0.40 during midday trading on Tuesday, hitting $57.74. The stock had a trading volume of 9,363 shares, compared to its average volume of 744,571. Cooper Tire & Rubber has a 1 year low of $18.95 and a 1 year high of $59.02. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.41 and a quick ratio of 1.75. The stock’s 50 day moving average is $56.75 and its 200 day moving average is $45.50. The firm has a market cap of $2.92 billion, a PE ratio of 18.56 and a beta of 1.53.
The business also recently declared a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Monday, March 1st were given a $0.105 dividend. The ex-dividend date of this dividend was Friday, February 26th. This represents a $0.42 dividend on an annualized basis and a yield of 0.73%. Cooper Tire & Rubber’s dividend payout ratio is presently 21.99%.
Cooper Tire & Rubber Company Profile
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 offers 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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