|Bid||18.22 x 1100|
|Ask||18.23 x 800|
|Day's Range||17.75 - 18.28|
|52 Week Range||17.53 - 28.34|
|Beta (3Y Monthly)||1.44|
|PE Ratio (TTM)||6.33|
|Earnings Date||Apr 23, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||0.64 (3.60%)|
|1y Target Est||20.33|
AKRON, Ohio, March 21, 2019 /PRNewswire/ -- As a leading supplier of tires and solutions for future mobility, The Goodyear Tire & Rubber Company (GT) today announced a new pilot program with Envoy Technologies, a provider of shared on-demand, community-based electric vehicles (EVs). The pilot, which launched early this year, is testing services aimed at minimizing operational downtime for vehicle fleets. Envoy's fleet managers can see its fleet's status, schedule maintenance needs and update appointments with Goodyear's on-demand scheduling program, helping to keep its vehicles operational and avoid the typically unforeseen issues that might suddenly force a shared vehicle to be pulled from service.
Goodyear's (GT) plan to cut jobs in Germany is likely to enhance the competitiveness of its manufacturing footprint and assist it in the production of large-rim-diameter premium tires.
The Mountain View company has added mobility and fleet maintenance to its mobile repair offerings and this week annouced a partnership with The Goodyear Tire & Rubber Co. that lets it add tire service for its customers.
AKRON, Ohio, March 19, 2019 /PRNewswire/ -- The Goodyear Tire & Rubber Company (GT) and its installer network of dealers will provide tire sales and installation services through goodyear.com to customers of YourMechanic, an interactive platform that delivers mobile repair, maintenance, inspection and reconditioning services directly to millions of consumer, mobility and fleet clients. "Drivers want efficiency and convenience as well as optimal vehicle performance, and YourMechanic delivers on those consumer demands with its technology-enabled service model," said Mike Dauberman, Goodyear's chief digital officer, North America Consumer.
expects to lay off about 1,100 workers as part of a plan to modernize its plant in Germany, the company said Tuesday in a regulatory filing. Goodyear said it expects to complete the plan during 2022 and estimated that the plan's total pretax charges will be at least $135 million, with about $125 million to be cash charges primarily for associate-related costs, and about $10 million for non-cash charges primarily related to asset write-offs and accelerated depreciation. Last month, Goodyear reported fourth-quarter earnings of 51 cents a share, a wide miss from the 60 cents that analysts polled by FactSet were looking for.
Goodyear Tire & Rubber Co. disclosed Tuesday that it expects to cut 1,100 jobs in Germany, as part of its plan to modernize tire manufacturing facilities and curtail production. Goodyear's stock rose 1.7% in morning trade. The tire maker said it expects to record charges of $135 million, with $90 million recorded in the first quarter of 2019, as a result of the facility rationalization plan, which is expected to be completed during 2022. The facilities in the plan are the Goodyear Dunlop Tires Germany GMbH's facilities in Hanau and Fulda. The company expects changes to the layout of the plants, efficiency gains from new equipment and the decision to curtail production of tires for declining, less profitable segments of the tire market to lead to the job cuts. Goodyear said the savings from the plan is expected to boost operating income for its Europe, Middle East and Africa business by an annualized $60 million to $70 million over a 3-year period beginning 2020. The stock, which closed at a near 6-year low earlier this month, has tumbled 35.5% over the past 12 months, while the Dow Jones Industrial Average has gained 5.9%.
To receive further updates on this The Goodyear Tire & Rubber Company (NASDAQ:GT) trade as well as an alert when it's time to take profits, sign up for a risk-free trial of Power Options Weekly today.This morning, I am recommending a bearish trade on The Goodyear Tire & Rubber Company (NASDAQ:GT).My indicators are giving neutral readings this week, a slight upgrade from last week's bearish readings, as the S&P 500 continues to test strong resistance just above the 2,800 level.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe S&P briefly traded to a high of 2,821.24 on Wednesday, but it pulled back again on Thursday. This is the sixth time the index has tried and failed to close above the 2,815 level in the last six months. For now, I think the odds are that the market will head lower from here.But as I have said many times before, the market is always out to fool as many traders as possible. Momentum to the upside has been relentless so far in 2019, so it is certainly possible that the bulls could prove the bears wrong.I am maintaining my cautious stance as the S&P continues to battle with resistance. And for that reason, I am recommending a bearish position on GT. GT is Making Lower LowsThe reason for this trade is primarily technical, though GT did miss earnings estimates in February. The company also lowered its operating income guidance. Generally, operating income tells us how much of a company's revenue will become profits. It's usually the company's gross income minus operating expenses.Lowering that estimate certainly didn't help GT, but as we see in the chart below, the stock has been making lower lows since November of 2018.Daily Chart of Goodyear Tire & Rubber Company (GT) -- Chart Source: TradingViewGT doesn't have any recent support at its current levels, and it is trading below both of its moving averages. Without any good news to boost prices, GT could keep heading lower as the broader market pulls back. I recommend a bearish put option with a strike at the $17 level in case the stock heads lower in the near term.Buy to open the Goodyear Tire & Rubber (GT) July 19th $17 Puts (GT190719P00017000) at $1.00 or lower. Follow our Facebook page to receive each Trade of the Day direct to your News Feed -- and join the conversation.InvestorPlace advisor Ken Trester brings you Power Options Weekly, which delivers 5 new options trades and his latest trading advice to you each Friday. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990.Compare Brokers The post GT Has Been Heading Lower Since 2018 appeared first on InvestorPlace.
Goodyear Tire & Rubber Co NASDAQ/NGS:GTView full report here! Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for GT with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold GT had net inflows of $3.10 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. GT credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Goodyear (GT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
NEW YORK, March 05, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
AKRON, Ohio, March 4, 2019 /PRNewswire/ -- For more than 35 years, The Goodyear Tire & Rubber Company (GT) has honored truck drivers who put themselves in harm's way to help others with the prestigious Goodyear Highway Hero Award. "Since it was established in 1983, the Goodyear Highway Hero Award has recognized truck drivers who demonstrate extraordinary bravery and selflessness," said Gary Medalis, marketing director, Goodyear.
Two Triad-based construction companies with similar makeup and culture are merging, effective Monday. Kirkland Inc. of High Point and Osborne Co. of Eden will merge, and Kirkland president Scott Kirkland will take the reins as the combined company's first president. Steven Johnson, senior vice president of WeaverCooke/Kirkland, said that for the "short term" – perhaps up to a year – Kirkland and Osborne will operate under their current names and maintain their existing offices.
The Manufacturing Institute will present 2019 STEP Ahead Awards on April 11 at a ceremony in Washington, D.C. AKRON, Ohio, March 1, 2019 /PRNewswire/ -- Goodyear (GT) Engineer Associate Ali Ogburn has been named a 2019 STEP Ahead Honoree by The Manufacturing Institute (MI). The STEP (Science, Technology, Engineering and Production) Ahead Awards recognize women in manufacturing who have demonstrated leadership skills and excellence in their careers and communities.
AKRON, Ohio, Feb. 28, 2019 /PRNewswire/ -- Thomas L. Williams, Chairman of the Board and Chief Executive Officer of Parker-Hannifin Corporation, has been elected to the board of directors of The Goodyear Tire & Rubber Company (GT). "We are pleased to welcome Tom to the Goodyear Board of Directors," said Goodyear Chairman, Chief Executive Officer and President Richard J. Kramer.
Starbucks, Goodyear Tire & Rubber, Amazon, Apple and Microsoft highlighted as Zacks Bull and Bear of the Day
Earlier this month, director Werner Geissler bought more than $652,000 of stock, the biggest open-market purchase in years by an insider at the tire giant.
Wabtec's (WAB) inclusion in the much-coveted S&P 500 index is a positive for the stock. This is because the index is widely considered the best single measure of large cap U.S. equities.
NEW YORK , Feb. 21, 2019 /PRNewswire/ -- S&P MidCap 400 constituent Wabtec Corp. (NYSE: WAB) will replace The Goodyear Tire & Rubber Co. (NASD: GT) in the S&P 500, and The Goodyear Tire & Rubber will replace ...
Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. The Kinder Morgan Inc (NYSE: KMI) executive chair of the board, Richard Kinder, has purchased 200,000 more shares of this Houston-based energy infrastructure giant. Barron's had a few thoughts on what the "very extreme" insider buying at Kinder Morgan may mean.
Benzinga featured looks at many investor favorite stocks over the past week. Bullish calls included an old-school tech giant and an EV leader. Bearish calls included a couple of consumer goods producers. ...
Kellogg Co. (K), Goodyear Tire & Rubber Co. (GT), GameStop Corp. (GME) and AGNC Investment Corp. (AGNC) have declined to their respective three-year lows
The Zacks Analyst Blog Highlights: Goodyear Tire & Rubber, Adient, Penske Automotive, CNH Industrial and Lithia Motors
AKRON, Ohio, Feb. 14, 2019 /PRNewswire/ -- The Goodyear Tire & Rubber Company (GT) is expanding its ongoing work with autonomous or driverless vehicles, which includes being named the exclusive tire supplier for a leading autonomous passenger shuttle. Goodyear has teamed with Arizona-based Local Motors to conduct tire testing with an Olli, the brand name of an eight-passenger autonomous shuttle. Local Motors has also selected Goodyear tires for exclusive fitment on its Olli vehicles.