Somewhat Favorable Media Coverage Somewhat Unlikely to Impact The Goodyear Tire & Rubber (GT) Stock Price

News articles about The Goodyear Tire & Rubber (NASDAQ:GT) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Goodyear Tire & Rubber earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.4650238981496 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Several research firms have recently weighed in on GT. Jefferies Group LLC restated a “buy” rating and issued a $36.00 price target on shares of The Goodyear Tire & Rubber in a research note on Thursday. Guggenheim began coverage on The Goodyear Tire & Rubber in a research note on Wednesday, June 21st. They issued a “buy” rating and a $39.00 price target for the company. Zacks Investment Research cut The Goodyear Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) set a $29.00 price target on The Goodyear Tire & Rubber and gave the stock a “hold” rating in a research note on Tuesday, August 1st. Finally, BidaskClub upgraded The Goodyear Tire & Rubber from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $38.11.

The Goodyear Tire & Rubber (NASDAQ GT) opened at 32.99 on Thursday. The Goodyear Tire & Rubber has a 1-year low of $26.82 and a 1-year high of $37.20. The stock has a 50 day moving average price of $31.88 and a 200-day moving average price of $33.54. The company has a market cap of $8.31 billion, a price-to-earnings ratio of 7.19 and a beta of 1.56.

The Goodyear Tire & Rubber (NASDAQ:GT) last posted its quarterly earnings data on Friday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.05). The Goodyear Tire & Rubber had a return on equity of 18.94% and a net margin of 7.95%. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. On average, equities research analysts forecast that The Goodyear Tire & Rubber will post $3.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 1st will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.70%. This is a boost from The Goodyear Tire & Rubber’s previous quarterly dividend of $0.10. The Goodyear Tire & Rubber’s payout ratio is presently 8.77%.

In related news, insider Jean Claude Kihn sold 7,500 shares of The Goodyear Tire & Rubber stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $33.26, for a total value of $249,450.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 15,501 shares of company stock worth $507,866. 1.40% of the stock is currently owned by insiders.

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The Goodyear Tire & Rubber Company Profile

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.

Insider Buying and Selling by Quarter for The Goodyear Tire & Rubber (NASDAQ:GT)

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