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Goodyear Tire & Rubber Company (GT)
NASDAQ:GT
Holding GT?
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GT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$7.27 - $15.24
Previous Close$8.11
Volume3.12M
Average Volume (3M)5.06M
Market Cap
$2.38B
Enterprise Value$11.17B
Total Cash (Recent Filing)$789.00M
Total Debt (Recent Filing)$9.50B
Price to Earnings (P/E)―
Beta1.82
Next Earnings
Oct 30, 2024EPS Estimate
$0.24Last Dividend Ex-Date
Jan 31, 2020Dividend YieldN/A
Share Statistics
EPS (TTM)-1.24
Shares Outstanding284,687,007
10 Day Avg. Volume4,597,707
30 Day Avg. Volume5,056,225
Standard Deviation0.17
R-Squared0.29
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)0.49
Price to Sales (P/S)0.12
Price to Cash Flow (P/CF)-8.50
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.58
Enterprise Value/Gross Profit3.18
Enterprise Value/Ebitda8.62
Forecast
1Y Price Target
$13.60Price Target Upside62.97% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
GoodYear Tire News
Bulls Say, Bears Say
Bulls Say
Business DivestitureThe divestiture of its Off-the-Road (OTR) tire business for $0.9 billion was announced, achieving a significant premium to GT consolidated multiple.
Demand For High Technology TiresGoodyear should benefit from structurally higher demand for higher technology tires, such as High Value Added (HVA) tires for electric vehicles.
Operational ImprovementThe firm’s Goodyear Forward strategic and operational improvement program is progressing nicely, with cost savings increased to $425 million from $375 million.
Bears Say
Cash Flow2Q24 free cash flow of $(346)m is penalised by $(249)m WC impacts with 2H24 expected to see better cash trends but still a low FCF margins vs Tier1 peers.
ShipmentsWeakness in shipments was primarily attributed to lower OEM production and challenging replacement markets that have been saturated by low-end imports in the Americas and EMEA.
VolumesOverall volumes at 40.1m units are -1.7% YoY with GT commentary noting continuing weakness in commercial truck volumes, lower shipments in EMEA and China and reduced activity in Australia.
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Ownership Overview
1.35% Insiders
26.05% Mutual Funds
44.98% Other Institutional Investors
27.62% 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 $7.27 and its highest was $15.24 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 Oct 30, 2024 which is in 40 days.
How were Goodyear Tire & Rubber Company’s earnings last quarter?
Goodyear Tire & Rubber Company released its earnings results on Jul 31, 2024. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.139 by $0.051.
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 $0.24.
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 $0.19 in its last earnings report, beating expectations of $0.139. Following the earnings report the stock price went down -15.897%.
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 36M.
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GoodYear Tire Stock Smart Score
Unlock Smart Score
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9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$13.60 (62.97% Upside)
$13.60 (62.97% Upside)
Blogger Sentiment
Bullish
GT Sentiment 100%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Decreased
By 808.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $427.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.7%
Last 30 Days ▲ 1.7%
Last 30 Days ▲ 1.7%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-34.38%
12-Months-Change
Fundamentals
Return on Equity
-7.18%
Trailing 12-Months
Asset Growth
-3.46%
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
Q2 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
$13.60
▲(62.97% Upside)
Technical Analysis
Best Analysts Covering GT
1 Year
1 Year Success Rate
5/14 ratings generated profit
1 Year Average Return
-9.46%
reiterated a buy rating 2 months ago
Copying Ryan Brinkman's trades and holding each position for 1 Year would result in 35.71% of your transactions generating a profit, with an average return of -9.46% per trade.
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