Cooper Tire & Rubber (NYSE:CTB) announced its quarterly earnings data on Sunday. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.14), Briefing.com reports. The company had revenue of $655.80 million for the quarter, compared to analysts’ expectations of $599.12 million. Cooper Tire & Rubber had a return on equity of 12.99% and a net margin of 6.14%. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.23) EPS.
CTB stock traded up $0.51 during mid-day trading on Tuesday, hitting $57.85. 449,529 shares of the company were exchanged, compared to its average volume of 741,082. Cooper Tire & Rubber has a 12-month low of $18.95 and a 12-month high of $59.02. The firm has a market capitalization of $2.92 billion, a P/E ratio of 18.71 and a beta of 1.53. The business has a fifty day simple moving average of $56.75 and a 200-day simple moving average of $45.50. The company has a quick ratio of 1.75, a current ratio of 2.41 and a debt-to-equity ratio of 0.24.
The business also recently announced a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Monday, March 1st were given a $0.105 dividend. The ex-dividend date of this dividend was Friday, February 26th. This represents a $0.42 dividend on an annualized basis and a yield of 0.73%. Cooper Tire & Rubber’s payout ratio is currently 21.99%.
About Cooper Tire & Rubber
Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It offers passenger car, light truck, truck and bus radial (TBR), motorcycle, and racing tires, as well as tire retread materials; and markets and distributes racing, TBR, and motorcycle tires.
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