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Goodyear Tire & Rubber Company (GT)
NASDAQ:GT
GoodYear Tire (GT) Stock Price & Analysis
1,256 Followers
GT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$10.92 - $16.51
Previous Close$11.08
Volume1.72M
Average Volume (3M)2.60M
Market Cap
$3.15B
Enterprise Value$11.07B
Total Cash (Recent Filing)$902.00M
Total Debt (Recent Filing)$8.65B
Price to Earnings (P/E)―
Beta1.77
Next Earnings
Aug 02, 2024EPS Estimate
$0.14Last Dividend Ex-Date
Jan 31, 2020Dividend YieldN/A
Share Statistics
EPS (TTM)-2.26
Shares Outstanding284,687,007
10 Day Avg. Volume2,165,505
30 Day Avg. Volume2,600,741
Standard Deviation0.16
R-Squared0.32
Alpha-0.00953
Financial Highlights & Ratios
Price to Book (P/B)1.10
Price to Sales (P/S)0.16
Price to Cash Flow (P/CF)0.70
P/FCF Ratio0.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.55
Enterprise Value/Gross Profit3.15
Enterprise Value/Ebitda12.77
Forecast
1Y Price Target
$14.95Price Target Upside34.20% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
GoodYear Tire News
PremiumPre-Earnings
Is GT a Buy, Before Earnings?Bulls Say, Bears Say
Bulls Say
Asset DisposalsAsset disposals could unlock upside: Chemicals, Dunlop, and OTR are under strategic review, with Goodyear seeking a combined $2bn+ to reduce net debt by $1.5bn.
LeadershipNew CEO Mark Stewart appears bullish on the turnaround plan and upsized cost reduction targets for 2024.
Management StrategyManagement looks to exit low-margin businesses, dispose of certain non-core assets, and double OP margins to 10% via better price/mix and SKU rationalisation.
Bears Say
CompetitionBudget tyre competition has crimped profit margins in some segments.
Costs And ExpensesFixed costs have steadily increased from wages and energy, impacting profitability.
Financial PerformanceGoodyear ranks poorly from an ROA perspective, reflecting low net margins.
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Ownership Overview
1.34% Insiders
25.90% Mutual Funds
45.34% Other Institutional Investors
27.42% 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 $10.92 and its highest was $16.50 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 Aug 02, 2024 which is in 31 days.
How were Goodyear Tire & Rubber Company’s earnings last quarter?
Goodyear Tire & Rubber Company released its earnings results on May 06, 2024. The company reported $0.1 earnings per share for the quarter, beating the consensus estimate of -$0.013 by $0.113.
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 $0.16 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 $0.14.
How many shares outstanding does Goodyear Tire & Rubber Company have?
Goodyear Tire & Rubber Company has 284,687,000 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 $0.1 in its last earnings report, beating expectations of -$0.013. Following the earnings report the stock price went up 0.081%.
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 Fisher Asset Management LLC. It holds Goodyear Tire & Rubber Company’s shares valued at 44M.
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GoodYear Tire Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$14.95 (34.20% Upside)
$14.95 (34.20% Upside)
Blogger Sentiment
Bullish
GT Sentiment 90%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 1.4M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 3.2%
Last 30 Days ▲ 2.9%
Last 30 Days ▲ 2.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-19.00%
12-Months-Change
Fundamentals
Return on Equity
-13.05%
Trailing 12-Months
Asset Growth
-5.09%
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
Q1 2024
0:00 / 0:00
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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
$14.95
▲(34.20% Upside)
Technical Analysis
Best Analysts Covering GT
1 Year
1 Year Success Rate
5/13 ratings generated profit
1 Year Average Return
-5.05%
reiterated a buy rating 5 months ago
Copying Ryan Brinkman's trades and holding each position for 1 Year would result in 38.46% of your transactions generating a profit, with an average return of -5.05% per trade.
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