Taking On Challenges And Growing? – The Goodyear Tire & Rubber Company (GT)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for The Goodyear Tire & Rubber Company (GT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.45, or -3.60%, to $12.04. Volume reached 99,831 shares, with price reaching a high of $12.05 and a low of $12. Most recently, Yahoo Finance reported about the stock as it publicized that HEROES WANTED: GOODYEAR ANNOUNCES CALL FOR 38th ANNUAL HIGHWAY HERO AWARD.


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Stocks Info

This NASDAQ-listed company operates within the Auto Parts industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $12.04 and fluctuated between $12.83 as its day high and $12.02 as its day low. The current market capitalization of The Goodyear Tire & Rubber Company is $3.46B. A total of 4.92 million shares were traded on the day, compared to an average of 4.04M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, GT has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 3,733 and the disposition of 1,680 shares. Over the last 12 months, there were 32 BUYs and 35 SELLs from insiders. Insiders purchased 964,701 shares during that period but sold 716,436.

In the most recent transaction, KRAMER RICHARD J sold 175,197 shares of GT for 22.33 per share on Dec 08. After the transaction, the Chairman of the Bd, CEO & Pres now owns 483,953 company shares. In a previous transaction on Nov 19, McClellan Stephen R sold 54,302 shares at 21.88 per share. GT shares that President, Americas owns now total 109,721.

Among the insiders who sold shares, McClellan Stephen R disposed of 36,177 shares on Nov 10 at a per-share price of $23.36. This resulted in the President, Americas holding 109,721 shares of GT after the transaction.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. GT’s most recent ex-dividend date was 01/31/2020 when it declared a $0.16 quarterly dividend that was paid in cash on 03/02/2020. Previously, the company paid the dividend on 12/02/2019 with an ex-dividend date of 10/31/2019. The dividend was $0.16 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for GT in the last 3 months, the mean price target is $17.54 with high estimates of $22.00 and low estimates of $14.00. In terms of 52-week highs and lows, GT has a high of $24.89 and a low of $10.33.

As of this writing, GT has an earnings estimate of $0.63 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.67 per share and a lower estimate of $0.58. The company reported an EPS of $0.46 in the last quarter, which was 6.98% higher than expectations of $0.43.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 9 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GT is Overweight with a score of 4.20. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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