After finishing at $13.46 in the prior trading day, Goodyear Tire & Rubber Co. (NASDAQ: GT) closed at $12.67, down -5.87%. In other words, the price has decreased by -$0.79 from its previous closing price. On the day, 2584855 shares were traded.
Ratios:
Our goal is to gain a better understanding of GT by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 28 ’24 when WELLS DARREN R sold 8,509 shares for $11.82 per share. The transaction valued at 100,579 led to the insider holds 150,441 shares of the business.
WELLS DARREN R sold 237 shares of GT for $2,845 on Feb 27 ’24. The EVP & Chief Admin. Officer now owns 150,441 shares after completing the transaction at $12.01 per share. On Feb 20 ’24, another insider, WELLS DARREN R, who serves as the EVP & Chief Admin. Officer of the company, sold 10,574 shares for $12.39 each. As a result, the insider received 131,034 and left with 122,158 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 3.82B and an Enterprise Value of 11.57B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18 while its Price-to-Book (P/B) ratio in mrq is 0.77. Its current Enterprise Value per Revenue stands at 0.58 whereas that against EBITDA is 13.52.
Stock Price History:
The Beta on a monthly basis for GT is 1.85, which has changed by 16.56% over the last 52 weeks, in comparison to a change of 24.47% over the same period for the S&P500. Over the past 52 weeks, GT has reached a high of $16.50, while it has fallen to a 52-week low of $10.12. The 50-Day Moving Average of the stock is 12.82, while the 200-Day Moving Average is calculated to be 13.33.
Shares Statistics:
The stock has traded on average 3.96M shares per day over the past 3-months and 2.03M shares per day over the last 10 days, according to various share statistics. A total of 283.79M shares are outstanding, with a floating share count of 282.03M. Insiders hold about 0.75% of the company’s shares, while institutions hold 85.08% stake in the company. Shares short for GT as of Mar 28, 2024 were 19.17M with a Short Ratio of 4.84, compared to 16.07M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.75% and a Short% of Float of 8.83%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.81.
Earnings Estimates
Its stock is currently analyzed by 6 different market analysts. 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 $1.27. EPS for the following year is $1.9, with 7 analysts recommending between $2.15 and $1.35.
Revenue Estimates
7 analysts predict $4.82B in revenue for the current quarter. It ranges from a high estimate of $5.03B to a low estimate of $4.63B. As of the current estimate, Goodyear Tire & Rubber Co.’s year-ago sales were $4.94B, an estimated decrease of -2.40% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $4.86B, a decrease of -1.60% over than the figure of -$2.40% in the same quarter last year. There is a high estimate of $5.12B for the next quarter, whereas the lowest estimate is $4.6B.
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 $19.92B. In the same quarter a year ago, actual revenue was $20.07B, down -0.80% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $20.12B in the next fiscal year. The high estimate is $21.58B and the low estimate is $18.89B. The average revenue growth estimate for next year is up 1.00% from the average revenue estimate for this year.
