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More than $677 Million in Sales Expected for Cooper Tire & Rubber Co (CTB) this Quarter

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You read it right. Cooper Tire & Rubber Co (NYSE: CTB) is expected by Wall Street brokerages to announce sales of $677.88 million this fiscal quarter, according to Zacks Investment Research.

Estimates by four analysts of its earnings, put Cooper Tire & Rubber’s highest sales at $697.50 million and the lowest at $641.13 million.  Compared to the $720.75 million sales the firm posted in the same quarter last year, this is a negative year over year growth rate of 5.9% by Cooper Tire & Rubber Co.

With full-year sales estimates ranging between $2.78 billion and $2.86 billion, analysts expect Cooper Tire & Rubber Co.to report on average, full-year sales of $2.83 billion for this financial year and sales of $2.93 billion per share for the next financial year, with estimates ranging between $2.88 billion to $2.97 billion. It is expected the firm will release its next quarterly earnings report soon. These sales averages of Cooper Tire & Rubber provided by Zacks are based on a survey of analysts that cover the firm

When it last announced results of its quarterly earnings on Monday, April 30th, 2018, Cooper Tire & Rubber (NYSE:CTB) reported earnings per share of $0.16 for the quarter, a trifle $0.41 short of the prior consensus estimate of $0.57 by analysts.  In the same report, the company had $601.50 million in revenue during the quarter, a trifle less by $39.71 of the consensus estimate by analysts of $641.21 million. In addition, it had a return on equity of 11.73% and a 2.60% net margin. On a year over year basis, that was a 6.5% drop in revenue by Cooper Tire & Rubber Co., despite registering $0.57 earnings per share (EPS) during the same period last year.

Several analysts of equities research have in regard to the stock, lately weighed in. In its Wednesday, 7th March research note, ValuEngine for its part lowered Cooper Tire & Rubber’s shares from a “buy” to a “hold” rating. On their part, JPMorgan Chase & Co in their Tuesday, May 1st research note, lowered their target price on the shares of Cooper Tire & Rubber to $33.00 from an initial $40.00. More than that, it set on the stock, an “overweight” rating. B. Riley meanwhile reduced their target price on Cooper Tire & Rubber Company’s shares to $40.00 from a previous $50.00 but set a “buy” rating on the stock in its Tuesday, May 1st research note.

Earlier on, in its Tuesday, February 20th research note, TheStreet lowered Cooper Tire & Rubber’s shares from a “b” to “c” rating whereas Zacks Investment Research in a Thursday, February 22nd research note raised its shares of Cooper Tire & Rubber from a “hold” to a “buy” rating, and double set a target price on the stock of $37.00.

Overall, regarding Cooper Tire & Rubber Company’s stock, three (3) analysts have assigned it a “sell” rating, four (4) a “hold” rating and five (5) have assigned it a “buy” rating. The company therefore has an average rating of “Hold” against a $41.50 consensus price target.

Meanwhile, recently, several hedge funds, including institutional investors have modified their stock holdings. Crossmark Global Holdings Inc. for its part has during the 4th quarter, lifted its position in Cooper Tire & Rubber by 20.4%. Crossmark Global Holdings Inc. upon acquiring additional 1,629 shares during the same period now owns as many as 9,628 shares of Cooper Tire & Rubber Company’s stock valued at $340,000.

OppenheimerFunds Inc. also lifted its position in Cooper Tire & Rubber Co. by 7.1% during the 4th quarter. And now, after attaining an additional 1,645 shares during the period, owns 24,653 shares of the company’s stock valued at $872,000.

Furthermore, Capital Investment Counsel Inc. lifted by 17.2%, its position in Cooper Tire & Rubber during the same 4th quarter and now owns 16,050 shares of the company’s stock valued at $567,000 a result of acquiring during the same period, additional 2,350 shares.

During the same 4th quarter, UBS Asset Management Americas Inc. also lifted its position in Cooper Tire & Rubber by 5.6% and after further acquiring 2,346 shares during the period, now owns 44,481 shares of the company’s stock valued at $1,572,000.

Citigroup Inc. to cap all these modifications of holdings at Cooper Tire & Rubber lifted its position in by a massive 28.8% during the 1st quarter and as it stands, owns 12,748 shares of the company’s stock valued at $373,000 upon acquiring during the period, the additional 2,849 shares.

Meanwhile Shares of CTB on Tuesday opened at $26.85. The stock, besides having a market cap of $1.36 billion, also has a PE ratio of 8.66, a 3.58 P/E/G ratio and a beta of 0.46. The firm has a 0.25 debt-to-equity ratio, a 1.50 quick ratio and then a 2.59 current ratio. Cooper Tire & Rubber Co. has a 1-year low and 1-year high of $22.58 and $40.78 respectively.

Cooper Tire & Rubber Co also recently declared a quarterly dividend. This will be paid on Friday, June 29th. Meanwhile on Friday, June 1st, Investors of record were given a dividend per share of $0.105. The ex-dividend date was Thursday, May 31st. This development represents a dividend of $0.42 annually and a 1.56% yield. As it stands, the dividend payout ratio (DPR) of Cooper Tire & Rubber’s is at 13.55%.

About Cooper Tire & Rubber

Cooper Tire & Rubber has subsidiaries, and together, designs manufacture and markets replacement tires throughout North and Latin America, as well as Europe and Asia. The Company manufactures and then markets passenger cars, motorcycles, light trucks, and racing tires, including tire retread materials. It also distributes racing tires, motorcycles, and medium-size trucks.

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This article was written by @mirrors and edited by @flashfiction. This article can be found on PROFITRIBES.

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Business

Is The U.S. Winning World War Trade?

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A global trade war

Since late 2017 President Donalt Trump has been threatening and levying tariffs on many of our economic allies. This has caused the global markets to experience volatility similar to the cryptocurrency markets .It is driven bythe uncertainty and FUD being spread by the media to investors, which has effectly created a direct correlation between the presidents actions and market movements. When the first tariffs went into effect the stock market took a masaive dive only to recover and dive again after anothe announcement of tariffs. Such volitility has led to increased fear of losin the trade war, yet it seems like this Tradewar has had far smaller of an effect in the U.S. than abroad.

Donald Trump is winning!!

when he started this trade war the president stated that “trade wars are easy to win” to racous dissent from the pundits and economists. Yet it seems that his confidence in the american economy was not misbegotten, since the trade war has started the stock market overall has been able to make gains on a weekly basis that has led it to approach new highs. Along with a booming stockmarket with companies reporting stellar earnings, the U.S. FED has also stated that interest rates will go up thanks to the stability of the economy. Meanwhile in Europe markets are struggling with various internal issues compounding the effect of trumos tariffs. China isn’t fairing any better with the majority of its stock market seeing red and thier central bank attempting to do currency acrobatics to stem the bleeding.

The end may be near

Now that all the rhetoric has passed it seems to be time for the ice to break and tensions to thaw. On wedensday August 22nd 2018 Chinese and American Officials will meetin to discuss trade terms and seek an end to the globally devastating war. Europe has already chose to come to the table an negotiate on the subject of tariffs so with Chinas apparent concession it seems that donald trup had actually wont the trade war. Maybe the other leaders realized it would be dumb to follow Trump down such a destructive path or maybe the U.S. economy is actually strong enough it could defeath the whole world in a fight!! Whatever the reasons it seems this saga of trumponomics is coming to an end, I dare say im excited to see what the future holds for us.

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Business

3 stocks you’ll thank yourself for buying in 10 years

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stocks to buy

Disruption is a good thing

the world is changing at a breakneck speed and alot of it has to do with the plkethora of disruptive technologies and companies that are emerging in todays market. Everything from the areospace to the financial sector has seen a shake up in the who’s who amongst their ranks. It is frankly an exciting time in on the stock market as the trade wars unfold and earnings season seems to not even flinch. Currently several stocks are recovering from dips that occurred pre earnings season, thanks to the initiation of the USA/China trade war. This presents a tremendous buy opportunity as many of the most valuable stocks are available for great prices.

most of this list will focus on companies that are disrupting their respective fields and possibly extending tendrils into others.

Square will take you to the winners circle

Square(SQ) is a creditcard processingcompany that is takingthe financial services industry by storm. Since this timelast year Square has grown 191%, thanks largely to is popularity being boosted by services like buying and selling bitcoin. They have maintained solid growth even in the face of a floundering bitcoin market and rampant trade war rhetoric. It has proven that is ecommerce platform is here to stay and will continue to grow. Square is still trading below $100 at $72.90 but is likely to surpass that mark by the end of the year. Zacks rates Square as a 42% buy, because its growth could be stagnated by the increasing saturation of the mobile financial services arena.

The trade war casualty

One of the biggest value stocks that has recently been dipping is Alibaba (BABA) Chinas ecommerce giant. Its looking like the fears of escalations have driven retail investors to dump the stock. This dumping is cutting loose the weak hands and soon the Alibaba price will recover and surpass its current highs. With its earnings call around the corner on August 23rd you can rest assured this one is in for a wild ride! If your not into volatility I would suggest waiting until post earnings, but if you get in pre earnings you stand to make a nice earning in a very short period of time! Regardless of the impending pump, Alibaba is a value stock that you should grab and hold for at least 10 years.

One for the dividend lovers

Recently Intel has been taking a backseat to its younger rivals AMD and Nvidia which have both seen gains thanks to recent innovations and the cryptocurrency mining boom, which saw graphics cards sold out nearly world wide. Fortunately for you this has allowed intel to slide a bit, into affordable territory. Intel is a good buy for the long haul because not only does it offer a healthy dividend of 2.33% they also have a variety of new products slated to hit the market soon. Since 1966 Intel has be innovating, so it is very likely they will be around for the long haul. For now Intel is inside just about every computer and many cellular devices, they have such a huge marketshare its hard to miss such a value stock when its practically on sale. This stock is rated a 51% buy and would bea great addittion to any retirement portfolio..

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Business

The Mexican Peso Explosion.

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Mexico’s peso jump high as sentiments improved because the country’s next president Andres Manuel Lopez Obrador may seek a kindred relationship with President Trump. In their meeting, Trump and Obrador talked The North American Free Trade Agreement, Border security and also a potential bilateral trade deal.

In the second quarter of 2018, the peso was one of the worst performers and this was mainly because the investors were scared of the leading contender’s leftist politics.

The peso showed a 2 percent increase(19.57 peso to 1 USD) on the 3 of July. This jump can be called the strongest closing level in more than a month.

The peso has benefitted from the high-interest rates(local) which have caused foreign investors to buy domestic bonds in Mexico by borrowing dollars.

Day traders and investors were encouraged after the meeting of the 2 Presidents and the fact that Lopez Obrador has pledged central bank autonomy and the peso being allowed to trade freely has helped a lot.

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This article was written by @warrior-sage and edited by @flashfiction. This article can be found on PROFITRIBES.

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#3 Economies of Scale: https://steemit.com/business/@omniloquent/economiesofscale-ldbp306oun

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