29.31 0.00 (0.00%)
After hours: 5:37PM EST
|Bid||29.22 x 800|
|Ask||29.23 x 1100|
|Day's Range||29.06 - 29.56|
|52 Week Range||22.46 - 35.36|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||33.01|
|Earnings Date||Oct 28, 2019|
|Forward Dividend & Yield||0.42 (1.43%)|
|1y Target Est||34.33|
FINDLAY, Ohio, Nov. 5, 2019 /PRNewswire/ -- Cooper Tire today introduced its latest innovation in all-season SUV tires in booth #43019 at the Specialty Equipment Market Association (SEMA) Show in Las Vegas. The new Cooper® Discoverer EnduraMaxTM tire is designed to tackle the kind of rough roads that chew up tires and can be found just about everywhere throughout the U.S. The Discoverer EnduraMax™ tire leverages advanced technology from Cooper's ultra-durable off-road tires into all-season tires made for small and midsize SUVs. With its Durable-Tread Technology™, the Discoverer EnduraMaxTM tire helps extend tire tread life with ultra-durable materials that resist wear and tear from rough road conditions such as gravel and uneven city streets, which can quickly wear out other tires.
Cooper Tire & Rubber Co. (NYSE: CTB) recently announced a plan to increase ownership in its joint venture tire plant in Guadalajara, Mexico, from 58% to 100%. The Findlay, Ohio-based company has been involved in a venture partnership at the Corporación de Occidente (COOCSA) plant with Trabajadores Democráticos de Occidente (TRADOC), which has owned 42% of the plant since 2008. TRADOC is a workers union formed in 2004 to own and operate the COOCSA plant.
Cooper Tire & Rubber Company (CTB) today announced that it plans to increase ownership in its Mexico joint venture tire manufacturing facility, Corporación de Occidente S.A. de C.V. (COOCSA), from 58 percent to 100 percent. Cooper and Trabajadores Democraticos de Occidente S.C. de R.L. de C.V. (TRADOC), which owns 42 percent of the joint venture, have entered into a definitive agreement under which Cooper will purchase TRADOC’s stake in COOCSA. A majority of TRADOC members today voted in favor of the agreement.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
The latest editions to the Cooper Tire Commercial Series lineup signify the company's move from just a provider of tires to owner-operators and small fleets, to one that that offers original equipment options to fleets of all sizes. "We now have this full complement of long-haul products, which allows us to get in the door with fleets," Gary Schroeder, executive director of Cooper's Global Truck and Bus Tire Business, told FreightWaves. The company announced its Pro Series LHT (long-haul tire) at the North American Commercial Vehicle Show, ensuring that the Pro Series now offers high-performance drive, steer and trailer tires for fleet customers.
Cooper Tire (CTB) Q3 earnings beat estimates, with a full-year operating profit margin projected at 5.9%, suggesting a year-over increase.
As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the second quarter. We get to see hedge funds' thoughts towards the market and […]
Cooper Tire & Rubber Co. shares soared about 8% in premarket trade Monday, after the company trounced profit estimates for the third quarter, offsetting a sales miss. Findlay, Ohio-based Cooper said it had net income of $29 million, or 58 cents a share, in the quarter, down from $54 million, or $1.07 a share, in the year-earlier quarter. Sales rose 4.5% to $704 million. The FactSet consensus was for EPS of 47 cents and sales of $737 million. "Despite the continued impact of tariffs, we were pleased to deliver sequential operating profit margin improvement in the third quarter driven by positive trends in pricing, mix and raw materials," Chief Executive Brad Hughes said in a statement. "As expected, our volume was impacted by customer inventory actions in the U.S., as well as challenging market conditions in our other regions." Sales were weighed down by lower unit volume and the effect of the strong dollar, the company said. Operating profit was hit by higher costs stemming from new tariffs on goods imported from China, the company said. "Cooper expects fourth quarter operating profit margin to improve sequentially, with full year operating profit margin slightly above the 5.9 percent we reported for full year 2018, driven by positive trends in pricing, mix and raw materials," said Hughes. Shares have fallen 11% in 2019 through Friday, while the S&P 500 has gained about 21%.
Cooper Tire & Rubber Company today reported third quarter 2019 net income of $29 million, or diluted earnings per share of $0.58, compared with $54 million, or $1.07 per share, last year.
Cooper Tire & Rubber Company today announced a quarterly dividend of 10.5 cents per share on common stock, payable December 27, 2019 to stockholders of record at the close of business December 2, 2019.
Cooper Tire (CTB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Fall is a busy travel season for young drivers. With Friday night football games, homecoming dances, pumpkin patches and trips home from college for Thanksgiving, teen and young adult drivers are on the road more often, making tire safety a priority.
Cooper Tire & Rubber Company will announce third quarter 2019 financial results before the U.S. stock markets open on Monday, Oct. 28, 2019. Management will discuss the financial results and business outlook on a conference call beginning at 10 a.m.
Brad Hughes became the CEO of Cooper Tire & Rubber Company (NYSE:CTB) in 2016. First, this article will compare CEO...
FINDLAY, Ohio, Sept. 30, 2019 /PRNewswire/ -- Cooper Tire today unveiled a new national ad campaign that introduces drivers everywhere to a trusted source of tire advice – Uncle Cooper. Personifying a no-nonsense relative who is expert in all things automotive, Uncle Cooper will never steer drivers wrong about the right tires. The new campaign debuts today, and includes television spots on MotorTrend, DIY Network and HGTV, as well as digital and print ads.
As an investor its worth striving to ensure your overall portfolio beats the market average. But in any portfolio...
Cooper Tire (CTB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.