The price of Goodyear Tire & Rubber Co. (NASDAQ: GT) closed at $11.88 in the last session, up 0.59% from day before closing price of $11.81. In other words, the price has increased by $+0.07 from its previous closing price. On the day, 3806581 shares were traded.
Ratios:
We take a closer look at GT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.55 and its Current Ratio is at 1.07. In the meantime, Its Debt-to-Equity ratio is 1.85 whereas as Long-Term Debt/Eq ratio is at 1.64.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, HSBC Securities on December 04, 2023, initiated with a Buy rating and assigned the stock a target price of $16.80.
On November 16, 2023, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $13 to $21.
Nomura Downgraded its Buy to Neutral on May 17, 2023, while the target price for the stock was maintained at $17.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 20 when WELLS DARREN R sold 10,574 shares for $12.39 per share. The transaction valued at 131,034 led to the insider holds 122,158 shares of the business.
WELLS DARREN R sold 10,332 shares of GT for $127,380 on Feb 16. The EVP & Chief Admin. Officer now owns 122,158 shares after completing the transaction at $12.33 per share. On Feb 15, another insider, MITCHELL MAX H, who serves as the Director of the company, bought 42,000 shares for $12.15 each. As a result, the insider paid 510,300 and bolstered with 42,000 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 3.38B and an Enterprise Value of 11.12B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17 while its Price-to-Book (P/B) ratio in mrq is 0.72. Its current Enterprise Value per Revenue stands at 0.55 whereas that against EBITDA is 12.99.
Stock Price History:
Over the past 52 weeks, GT has reached a high of $16.50, while it has fallen to a 52-week low of $9.85. The 50-Day Moving Average of the stock is 13.70, while the 200-Day Moving Average is calculated to be 13.48.
Shares Statistics:
According to the various share statistics, GT traded on average about 4.03M shares per day over the past 3-months and 7.07M shares per day over the past 10 days. A total of 283.79M shares are outstanding, with a floating share count of 282.05M. Insiders hold about 0.67% of the company’s shares, while institutions hold 84.98% stake in the company. Shares short for GT as of Jan 31, 2024 were 13.97M with a Short Ratio of 3.46, compared to 8.58M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.93% and a Short% of Float of 6.39%.
Dividends & Splits
The 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 Mar 02, 2020 with an ex-dividend date of Jan 31, 2020. Stock splits for the company last occurred on May 05, 1993 when the company split stock in a 2:1 ratio.
Earnings Estimates
The company has 6 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0.15 and a low estimate of -$0.22, while EPS last year was -$0.29. The consensus estimate for the next quarter is $0.19, with high estimates of $0.27 and low estimates of $0.1.
Analysts are recommending an EPS of between $1.42 and $1 for the fiscal current year, implying an average EPS of $1.28. EPS for the following year is $1.91, with 7 analysts recommending between $2.15 and $1.35.
Revenue Estimates
According to 7 analysts, the current quarter’s revenue is expected to be $4.85B. It ranges from a high estimate of $5.03B to a low estimate of $4.73B. As of the current estimate, Goodyear Tire & Rubber Co.’s year-ago sales were $4.94B, an estimated decrease of -1.80% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $4.91B, a decrease of -0.70% over than the figure of -$1.80% in the same quarter last year. There is a high estimate of $5.12B for the next quarter, whereas the lowest estimate is $4.75B.
A total of 7 analysts have provided revenue estimates for GT’s current fiscal year. The highest revenue estimate was $20.63B, while the lowest revenue estimate was $19.19B, resulting in an average revenue estimate of $20.04B. In the same quarter a year ago, actual revenue was $20.07B, down -0.10% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $20.17B in the next fiscal year. The high estimate is $21.58B and the low estimate is $19.23B. The average revenue growth estimate for next year is up 0.60% from the average revenue estimate for this year.
