Goodyear Tire & Rubber Co (NASDAQ:GT) had declared a cash dividend of $0.1000 on Sep 15, 2016. The shares will quote ex-dividend on Oct 28, 2016 and the record date has been fixed for Nov 1, 2016. On Sep 15, 2016 share price, the yield comes out to be 1.2983%. The dividend payable date has been fixed on Dec 1, 2016.
In a different note, On Sep 6, 2016, Deutsche Bank said it Upgrades its rating on Goodyear Tire & Rubber Co. The shares have been rated ‘Buy’ by the firm. On Jul 28, 2016, Citigroup said it Maintains its rating on Goodyear Tire & Rubber Co. In the research note, the firm Raises the price-target to $36.00 per share. The shares have been rated ‘Buy’ by the firm.
Goodyear Tire & Rubber Co (GT) shares turned negative on Tuesdays trading session with the shares closing down -0.31 points or -0.96% at a volume of 34,36,225. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $32.5. The peak price level was also seen at $32.5 while the days lowest was $31.63. Finally the shares closed at $31.91. The 52-week high of the shares is $35.3 while the 52-week low is $24.306. According to the latest information available, the market cap of the company is $8,375 M.
Goodyear Tire & Rubber Co(GT) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.88B. Analysts had an estimated revenue of $3.93B. Earnings per share were $1.16. Analysts had estimated an EPS of $1.03.
Several Insider Transactions has been reported to the SEC. On Aug 16, 2016, Gregory L Smith (Sr VP, Global Operations) sold 35,869 shares at $29.31 per share price.Also, On May 6, 2016, Michael J Morell (director) purchased 875 shares at $27.99 per share price.On Feb 3, 2016, Richard J Kramer (Chairman of the Bd, CEO & Pres) sold 29,000 shares at $28.04 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.