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The closing price of Goodyear Tire & Rubber Co (NASDAQ: GT) was $10.38 for the day, up 1.37% from the previous closing price of $10.24. In other words, the price has increased by $1.37 from its previous closing price. On the day, 5.29 million shares were traded. GT stock price reached its highest trading level at $10.68 during the session, while it also had its lowest trading level at $10.28.
Ratios:
Our analysis of GT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.64 and its Current Ratio is at 1.22. In the meantime, Its Debt-to-Equity ratio is 1.83 whereas as Long-Term Debt/Eq ratio is at 1.64.
Deutsche Bank Upgraded its Hold to Buy on March 31, 2025, while the target price for the stock was maintained at $13.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 13 ’24 when MCGLADE JOHN E bought 31,408 shares for $8.03 per share. The transaction valued at 252,206 led to the insider holds 31,408 shares of the business.
KOELLNER LAURETTE T bought 26,000 shares of GT for $205,400 on Aug 12 ’24. The Director now owns 26,000 shares after completing the transaction at $7.90 per share. On Aug 12 ’24, another insider, Phillips David Emmitt, who serves as the Sr VP and General Counsel of the company, sold 77,009 shares for $7.89 each. As a result, the insider received 607,601 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GT now has a Market Capitalization of 2965597184 and an Enterprise Value of 11255599104. As of this moment, Goodyear’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.38, and their Forward P/E ratio for the next fiscal year is 5.23. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.16 while its Price-to-Book (P/B) ratio in mrq is 0.60. Its current Enterprise Value per Revenue stands at 0.605 whereas that against EBITDA is 7.248.
Stock Price History:
The Beta on a monthly basis for GT is 1.38, which has changed by -0.06570655 over the last 52 weeks, in comparison to a change of 0.111126065 over the same period for the S&P500. Over the past 52 weeks, GT has reached a high of $12.58, while it has fallen to a 52-week low of $7.27. The 50-Day Moving Average of the stock is -4.10%, while the 200-Day Moving Average is calculated to be 9.52%.
Shares Statistics:
GT traded an average of 6.53M shares per day over the past three months and 6697490 shares per day over the past ten days. A total of 285.65M shares are outstanding, with a floating share count of 258.05M. Insiders hold about 9.68% of the company’s shares, while institutions hold 86.64% stake in the company. Shares short for GT as of 1748563200 were 20450164 with a Short Ratio of 3.13, compared to 1745971200 on 22531436. Therefore, it implies a Short% of Shares Outstanding of 20450164 and a Short% of Float of 9.34.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0The stock’s 5-year Average Dividend Yield is 2.81. The current Payout Ratio is 0.00% for GT, which recently paid a dividend on 2020-01-31 with an ex-dividend date of 1580428800. Stock splits for the company last occurred on 1993-05-05 when the company split stock in a 2:1 ratio.
Earnings Estimates
The market rating for Goodyear Tire & Rubber Co (GT) is a result of the insights provided by 7.0 analysts actively involved in the assessment.The consensus estimate for the next quarter is $0.51, with high estimates of $0.65 and low estimates of $0.25.
Analysts are recommending an EPS of between $1.52 and $0.75 for the fiscal current year, implying an average EPS of $1.32. EPS for the following year is $1.95, with 10.0 analysts recommending between $2.25 and $1.5.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $4.56B to a low estimate of $4.44B. As of the current estimate, Goodyear Tire & Rubber Co’s year-ago sales were $4.57BFor the next quarter, 4 analysts are estimating revenue of $4.79B. There is a high estimate of $4.85B for the next quarter, whereas the lowest estimate is $4.69B.
A total of 8 analysts have provided revenue estimates for GT’s current fiscal year. The highest revenue estimate was $19.13B, while the lowest revenue estimate was $17.95B, resulting in an average revenue estimate of $18.51B. In the same quarter a year ago, actual revenue was $18.88BBased on 9 analysts’ estimates, the company’s revenue will be $18.65B in the next fiscal year. The high estimate is $19.5B and the low estimate is $17.79B.
