Goodyear Tire & Rubber Co (GT) EPS Estimated At $0.89

July 17, 2017 - By Henry Gaston

 Goodyear Tire & Rubber Co (GT) EPS Estimated At $0.89
Investors sentiment increased to 0.88 in Q4 2016. Its up 0.15, from 0.73 in 2016Q3. It increased, as 53 investors sold Goodyear Tire & Rubber Co shares while 163 reduced holdings. 53 funds opened positions while 136 raised stakes. 230.74 million shares or 2.50% less from 236.64 million shares in 2016Q3 were reported.
Pacad Invest Ltd, British Columbia – Canada-based fund reported 11,700 shares. Davenport Ltd Co owns 48,867 shares. Clearbridge Invests Ltd holds 0.04% or 1.21M shares. Automobile Association has 0.01% invested in Goodyear Tire & Rubber Co (NASDAQ:GT) for 88,162 shares. Moreover, Credit Agricole S A has 0.02% invested in Goodyear Tire & Rubber Co (NASDAQ:GT) for 220,292 shares. Pub Sector Pension Inv Board holds 0.02% or 57,682 shares. Gam Holding Ag reported 0.01% stake. State Of Tennessee Treasury Department holds 0.03% of its portfolio in Goodyear Tire & Rubber Co (NASDAQ:GT) for 181,400 shares. Brown Advisory Inc reported 0% stake. Amalgamated Comml Bank holds 0.06% or 41,341 shares in its portfolio. Cornerstone holds 352 shares or 0.01% of its portfolio. First Allied Advisory Services, a Missouri-based fund reported 27,550 shares. Parallax Volatility Advisers Ltd Partnership has 0% invested in Goodyear Tire & Rubber Co (NASDAQ:GT). 23,800 are held by Fruth Inv Mgmt. Washington Bancorp has invested 0.02% in Goodyear Tire & Rubber Co (NASDAQ:GT).

Since February 14, 2017, it had 0 buys, and 5 sales for $1.73 million activity. McClellan Stephen R sold $220,766 worth of stock. Shares for $891,985 were sold by BIALOSKY DAVID L on Tuesday, February 14. $174,137 worth of stock was sold by NOECHEL RICHARD J on Wednesday, March 15.

Analysts await Goodyear Tire & Rubber Co (NASDAQ:GT) to report earnings on July, 26. They expect $0.89 earnings per share, down 23.28 % or $0.27 from last year’s $1.16 per share. GT’s profit will be $225.32M for 10.21 P/E if the $0.89 EPS becomes a reality. After $0.74 actual earnings per share reported by Goodyear Tire & Rubber Co for the previous quarter, Wall Street now forecasts 20.27 % EPS growth. About 1.36M shares traded. Goodyear Tire & Rubber Co (NASDAQ:GT) has risen 17.26% since July 18, 2016 and is uptrending. It has outperformed by 0.56% the S&P500.

Goodyear Tire & Rubber Co (NASDAQ:GT) Ratings Coverage

Among 10 analysts covering Goodyear Tire (NASDAQ:GT), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Goodyear Tire had 16 analyst reports since October 28, 2015 according to SRatingsIntel. Goldman Sachs downgraded the stock to “Neutral” rating in Thursday, March 30 report. The firm has “Buy” rating given on Tuesday, November 22 by Berenberg. KeyBanc Capital Markets upgraded Goodyear Tire & Rubber Co (NASDAQ:GT) on Thursday, April 7 to “Overweight” rating. Standpoint Research downgraded the shares of GT in report on Wednesday, March 1 to “Hold” rating. The firm has “Buy” rating by Argus Research given on Tuesday, November 10. The stock of Goodyear Tire & Rubber Co (NASDAQ:GT) has “Hold” rating given on Friday, February 24 by Jefferies. The stock has “Overweight” rating by Morgan Stanley on Thursday, June 1. The firm has “Buy” rating given on Thursday, January 14 by Standpoint Research. As per Wednesday, June 21, the company rating was initiated by CLSA. The firm has “Buy” rating given on Tuesday, June 20 by Jefferies.

The Goodyear Tire & Rubber Company is a maker of tires. The company has market cap of $9.20 billion. The Firm operates through three divisions. It has a 7.67 P/E ratio. The Americas segment develops, makes, distributes and sells tires and related services and products in North, Central and South America, and sells tires to various export markets.

More important recent Goodyear Tire & Rubber Co (NASDAQ:GT) news were published by: Seekingalpha.com which released: “How Does Goodyear Tire Compare With An Industry Counterpart?” on July 05, 2017, also Prnewswire.com published article titled: “Goodyear Blimp to Visit Ottawa for Canada 150”, Prnewswire.com published: “Goodyear Declares Dividend on Common Stock” on July 13, 2017. More interesting news about Goodyear Tire & Rubber Co (NASDAQ:GT) was released by: Prnewswire.com and their article: “How These Rubber and Plastics Stocks are Performing? — Goodyear Tire & Rubber …” with publication date: June 30, 2017.

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