Cooper Tire & Rubber Company (NYSE:CTB) issued its quarterly earnings results on Friday. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11, MarketWatch Earnings reports. Cooper Tire & Rubber had a return on equity of 20.38% and a net margin of 7.54%. The firm had revenue of $720.75 million for the quarter, compared to analysts’ expectations of $775 million. During the same period in the previous year, the firm posted $1.27 EPS. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year.

Cooper Tire & Rubber (CTB) traded up 0.97% during trading on Friday, reaching $36.35. The company had a trading volume of 989,926 shares. Cooper Tire & Rubber has a 12-month low of $31.82 and a 12-month high of $44.50. The stock has a market capitalization of $1.92 billion, a P/E ratio of 8.99 and a beta of -0.02. The stock has a 50 day moving average of $36.67 and a 200-day moving average of $38.73.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be given a $0.105 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.42 annualized dividend and a yield of 1.16%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is presently 10.45%.

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A number of brokerages have recently commented on CTB. BidaskClub raised Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Tuesday. Jefferies Group LLC reissued a “hold” rating and issued a $40.00 price target on shares of Cooper Tire & Rubber in a research report on Thursday, July 6th. Standpoint Research raised Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a research report on Tuesday, June 20th. Finally, Northcoast Research cut Cooper Tire & Rubber from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Cooper Tire & Rubber currently has a consensus rating of “Hold” and a consensus price target of $41.00.

A number of large investors have recently made changes to their positions in CTB. Federated Investors Inc. PA increased its stake in shares of Cooper Tire & Rubber by 2.6% in the second quarter. Federated Investors Inc. PA now owns 152,705 shares of the company’s stock valued at $5,513,000 after buying an additional 3,871 shares during the period. Deprince Race & Zollo Inc. increased its stake in shares of Cooper Tire & Rubber by 22.5% in the second quarter. Deprince Race & Zollo Inc. now owns 29,354 shares of the company’s stock valued at $1,060,000 after buying an additional 5,390 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Cooper Tire & Rubber by 100.9% in the second quarter. BNP Paribas Arbitrage SA now owns 33,242 shares of the company’s stock valued at $1,200,000 after buying an additional 16,699 shares during the period. Comerica Bank increased its stake in shares of Cooper Tire & Rubber by 1.9% in the second quarter. Comerica Bank now owns 41,616 shares of the company’s stock valued at $1,596,000 after buying an additional 778 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Cooper Tire & Rubber by 9.2% in the second quarter. Legal & General Group Plc now owns 77,288 shares of the company’s stock valued at $2,798,000 after buying an additional 6,492 shares during the period. Institutional investors own 94.58% of the company’s stock.

Cooper Tire & Rubber Company Profile

Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia.

Earnings History for Cooper Tire & Rubber (NYSE:CTB)

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