Goodyear Tire & Rubber Company (GT) Announces Earnings Results

$8,762 worth of The Goodyear Tire & Rubber Company (NASDAQ:GT) was sold by Kihn Jean Claude. KeyCorp analyst B. Hoselton forecasts that the company will post earnings per share of $3.23 for the year.

Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) opened at 32.24 on Wednesday. It has underperformed by 1.50% the S&P500. (NCR) by 275.95% based on its latest 2017Q3 regulatory filing with the SEC. Seatown Holdings bought 333,000 shares as the company's stock declined 12.03% while stock markets rallied. Its share price has risen 19.59% in three months and is up 2.40% for the last five trades. The stock increased 0.64% or $0.22 during the last trading session, reaching $33.81. About 667,618 shares traded. POSCO (NYSE:PKX) has risen 41.43% since January 12, 2017 and is uptrending.

A statistical measure of the dispersion of returns (volatility) for GT producing salvation in Investors mouth, it has week volatility of 1.76% and for the month booked as 1.65%. Its down 0.04, from 0.92 in 2017Q2. At present, 2 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. 47 funds opened positions while 148 raised stakes. The volume of 0.51 Million shares climbed down over an trading activity of 452.24 Million shares. Shelton Cap holds 0.03% or 33,009 shares. Legal And General Gp Plc reported 1.44M shares stake. James Research stated it has 363,763 shares or 0.41% of all its holdings. Advent Cap De holds 0.01% or 20,000 shares. 136,644 are owned by Hap Trading Ltd Com. Raymond James Svcs Advisors accumulated 12,222 shares or 0% of the stock. Moreover, Barclays Public Limited Co has 0.01% invested in Brocade Communications Systems, Inc. Nationwide Fund holds 259,803 shares. Sheets Smith Wealth Management invested in 0.19% or 9,310 shares. First Trust Advisors LP now owns 916,739 shares of the company's stock valued at $29,611,000 after buying an additional 458,473 shares during the last quarter. Great West Life Assurance Can invested in 0.05% or 651,859 shares. The company now has an average rating of "Buy" and a consensus target price of $34.63. Therefore 58% are positive. The stock has "Overweight" rating by Morgan Stanley on Thursday, June 1. Goldman Sachs maintained the stock with "Hold" rating in Tuesday, August 1 report. ValuEngine upgraded shares of Goodyear Tire & Rubber from a "buy" rating to a "strong-buy" rating in a research note on Friday, December 1st. The firm has "Buy" rating given on Thursday, January 4 by SunTrust. On Thursday, March 30 the stock rating was downgraded by Goldman Sachs to "Neutral". UBS upgraded the stock to "Buy" rating in Monday, November 14 report. It has outperformed by 16.16% the S&P500. McClellan Stephen R sold 212 shares worth $6,355. Exane Derivatives has 3 shares. 241,150 CVS Health Corporation (NYSE:CVS) shares with value of $20.03 million were sold by MERLO LARRY J. Texas Permanent School Fund stated it has 0.03% of its portfolio in The Goodyear Tire & Rubber Company (NASDAQ:GT). They expect $0.94 EPS, up 18.99% or $0.15 from last year's $0.79 per share. GT's profit will be $179.82M for 11.58 P/E if the $0.73 EPS becomes a reality. The stock of The Goodyear Tire & Rubber Company (NASDAQ:GT) has "Hold" rating given on Wednesday, March 30 by Standpoint Research. Therefore 83% are positive. JPMorgan Chase & Co. decreased their target price on Goodyear Tire & Rubber from $40.00 to $38.00 and set an "overweight" rating on the stock in a report on Monday, October 30th. The company was maintained on Friday, August 7 by Deutsche Bank. The firm has "Buy" rating by Berenberg given on Tuesday, November 22. KeyCorp restated a "buy" rating and issued a $37.00 price objective on shares of Goodyear Tire & Rubber in a research note on Thursday, October 12th. Standpoint Research downgraded the stock to "Hold" rating in Wednesday, October 28 report.

Investors sentiment increased to 1.28 in Q3 2017.

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Its down 2.22% from 13.17 million shares previously. 1492 Capital Management Llc, Wisconsin-based fund reported 11,092 shares. The firm earned "Buy" rating on Tuesday, February 14 by Guggenheim. (NASDAQ: PTEN ) on Wednesday, April 5 to "Buy" rating.

Currently, the stock carries a price to earnings ratio of 10.22, a price to book ratio of 1.76, and a price to sales ratio of 0.72. Quantum Mgmt reported 211,678 shares.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its earnings results on Friday, October 27th. Goodyear Tire & Rubber had a net margin of 6.67% and a return on equity of 15.88%. Ngam Advsr Limited Partnership owns 0.01% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 26,188 shares. Contravisory Management has invested 0% in Cooper Tire & Rubber Company (NYSE:CTB). Its down 2.48% from 245,600 shares previously.

Oppenheimer & Close Llc holds 1.56% of its portfolio in Sound Financial Bancorp, Inc. for 44,218 shares. The stock of The Goodyear Tire & Rubber Company (NASDAQ:GT) has "Hold" rating given on Friday, February 24 by Jefferies. Goodyear Tire & Rubber earned a daily sentiment score of 0.00 on Accern's scale. The firm has fifty days moving average percentage of 7.29% to its latest price change. Cibc Ww Inc has 0% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT). Wealth Enhancement Advisory Svcs Limited owns 27,548 shares or 0.07% of their United States portfolio.

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