Goodyear Tire & Rubber Co (GT) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $0.54 earnings per share for the quarter, missing the analyst consensus estimate by $-0.17. Analysts had a consensus of $0.71. The company posted revenue of $3691.00 million in the period, compared to analysts expectations of $3921.92 million. The company’s revenue was down -8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.
Many Wall Street Analysts have commented on Goodyear Tire & Rubber Co. Goodyear Tire & Rubber Co was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Apr 7, 2016. Goodyear Tire & Rubber Co was Downgraded by Standpoint Research to ” Hold” on Mar 30, 2016. Goodyear Tire & Rubber Co was Upgraded by Credit Agricole to ” Outperform” on Feb 10, 2016.
Goodyear Tire & Rubber Co opened for trading at $32.28 and hit $32.56 on the upside on Friday, eventually ending the session at $32.38, with a gain of 0.28% or 0.09 points. The heightened volatility saw the trading volume jump to 21,15,602 shares. Company has a market cap of $8,647 M.
In a different news, on Mar 7, 2016, Gregory L Smith (Sr VP, Global Operations) sold 21,635 shares at $32.00 per share price. According to the SEC, on Feb 3, 2016, Richard J Kramer (Chairman of the Bd, CEO & Pres) sold 29,000 shares at $28.04 per share price. On Dec 15, 2015, Daniel L Smytka (President, Asia-Pacific Region) sold 4,484 shares at $32.48 per share price, according to the Form-4 filing with the securities and exchange commission.
The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company’s business is the development manufacture distribution and sale of tires and related products and services across the world. The Company operates in four segments: North America; Europe Middle East and Africa (EMEA); Latin America and Asia Pacific. The North America segment is a supplier of tires to manufacturers of automobiles motorcycles trucks and aircraft. The EMEA segment is a supplier of tires to vehicle manufacturers across the region. The Latin America segment manufactures and sells automobile and truck tires. The Asia Pacific segment sells primarily Goodyear brand tires throughout the region and also sells the Dunlop brand in Australia and New Zealand. The Company manufactures and sells tires under the Goodyear Dunlop Kelly Debica Sava and Fulda brands and various other Goodyear owned-house brands and the private-label brands of certain customers.