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Goodyear Tire & Rubber Company (GT)
NASDAQ:GT
Holding GT?
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GT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$7.27 - $14.97
Previous Close$8.89
Volume4.13M
Average Volume (3M)5.45M
Market Cap
$2.53B
Enterprise Value$11.85B
Total Cash (Recent Filing)$905.00M
Total Debt (Recent Filing)$10.06B
Price to Earnings (P/E)―
Beta1.88
Next Earnings
Feb 06, 2025EPS Estimate
$0.3Last Dividend Ex-Date
Jan 31, 2020Dividend YieldN/A
Share Statistics
EPS (TTM)-1.04
Shares Outstanding284,919,673
10 Day Avg. Volume4,656,516
30 Day Avg. Volume5,450,268
Standard Deviation0.17
R-Squared0.31
Alpha-0.01
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.53
Price to Sales (P/S)0.13
Price to Cash Flow (P/CF)-8.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.62
Enterprise Value/Gross Profit3.38
Enterprise Value/Ebitda8.87
Forecast
1Y Price Target
$12.73Price Target Upside43.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
GoodYear Tire News
PremiumCompany Announcements
Goodyear Reports Q3 2024 Results and Strategic Progress
Bulls Say, Bears Say
Bulls Say
Financial PerformanceThe company has raised the total expected annualized run rate benefits from $1.3bn to $1.5bn by the end of 2025.
Management OutlookManagement commentary appears to be upbeat with self-help benefits for 2024 and 2025 lifted.
Restructuring ProgramGoodyear has made progress at righting the ship since announcing its Goodyear Forward restructuring program and there is appreciation for the continued execution by its new management team.
Bears Say
Debt Reduction StrategyMuch of Goodyear's targeted deleveraging strategy hinges on the sale of its Off-the-Road (OTR) business, Chemicals division, and Dunlop family of brands, which are required to pay down the debt and reduce leverage.
Financial PerformanceGoodyear reports 3Q24 Free Cash Flow of $(340)m versus consensus of $195m, with the Free Cash Flow miss likely to keep shares muted.
Market CompetitionThe tire market could see a somewhat softer environment, with market share gains of cheap, low-cost competitors being a prevalent theme.
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Ownership Overview
7.42% Insiders
22.44% Mutual Funds
13.68% Other Institutional Investors
26.95% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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GT FAQ
What was Goodyear Tire & Rubber Company’s price range in the past 12 months?
Goodyear Tire & Rubber Company lowest stock price was $7.27 and its highest was $14.96 in the past 12 months.
What is Goodyear Tire & Rubber Company’s market cap?
Currently, no data Available
When is Goodyear Tire & Rubber Company’s upcoming earnings report date?
Goodyear Tire & Rubber Company’s upcoming earnings report date is Feb 06, 2025 which is in 41 days.
How were Goodyear Tire & Rubber Company’s earnings last quarter?
Goodyear Tire & Rubber Company released its earnings results on Nov 04, 2024. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.223 by $0.147.
Is Goodyear Tire & Rubber Company overvalued?
According to Wall Street analysts Goodyear Tire & Rubber Company’s price is currently Undervalued.
Does Goodyear Tire & Rubber Company pay dividends?
Goodyear Tire & Rubber Company pays a Quarterly dividend of $0.159 which represents an annual dividend yield of N/A. See more information on Goodyear Tire & Rubber Company dividends here
What is Goodyear Tire & Rubber Company’s EPS estimate?
Goodyear Tire & Rubber Company’s EPS estimate is $0.3.
How many shares outstanding does Goodyear Tire & Rubber Company have?
Goodyear Tire & Rubber Company has 284,919,680 shares outstanding.
What happened to Goodyear Tire & Rubber Company’s price movement after its last earnings report?
Goodyear Tire & Rubber Company reported an EPS of $0.37 in its last earnings report, beating expectations of $0.223. Following the earnings report the stock price went up 13.67%.
Which hedge fund is a major shareholder of Goodyear Tire & Rubber Company?
Among the largest hedge funds holding Goodyear Tire & Rubber Company’s share is First Eagle Investment Management LLC. It holds Goodyear Tire & Rubber Company’s shares valued at 9M.
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GoodYear Tire Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$12.73 (43.03% Upside)
$12.73 (43.03% Upside)
Blogger Sentiment
Bullish
GT Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 5.8M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.4%
Last 30 Days ▲ 4.6%
Last 30 Days ▲ 4.6%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-39.56%
12-Months-Change
Fundamentals
Return on Equity
-6.10%
Trailing 12-Months
Asset Growth
0.22%
Trailing 12-Months
Company Description
Goodyear Tire & Rubber Company
Goodyear Tire & Rubber Co. engages in the development, manufactures, distribution, and sale of tires. Its products include lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment and various other applications. The company was founded by Frank A. Seiberling on August 29, 1898 and is headquartered in Akron, OH.
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GT Company Deck
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GT Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted strong margin expansion, upgraded transformation plan savings, and significant achievements such as the partnership with Ferrari and retail performance. However, these were offset by declines in sales volume, challenges in consumer replacement volumes, and elevated channel inventories. The sentiment is balanced between positive strategic initiatives and ongoing market challenges.Read More>---
GT Revenue Breakdown
86.16% Tire unit sales
7.03% Other tire and related sales
4.33% Retail services and service related sales
2.33% Chemical sales
0.15% Other
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GT Stock 12 Month Forecast
Average Price Target
$12.73
▲(43.03% Upside)
Technical Analysis
Best Analysts Covering GT
1 Year
1 Year Success Rate
5/15 ratings generated profit
1 Year Average Return
-7.69%
reiterated a buy rating 2 months ago
Copying Ryan Brinkman's trades and holding each position for 1 Year would result in 33.33% of your transactions generating a profit, with an average return of -7.69% per trade.
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