Goodyear: A Bargain In Plain Sight
Brian Grosso • 13 Comments
Brian Grosso • 13 Comments
Goodyear Tire: Still Room To Run
Bleecker Street Research
Bleecker Street Research
Wed, Jul. 13, 9:06 AM
Tue, Jun. 14, 9:47 AM
- Sears Holdings (SHLD +0.2%) plans to sell car tires under the DieHard brand at its 650 automotive centers. Selling DieHard tires for SUVs and pickups could come down the road.
- The company thinks the strong consumer recognition of the DieHard brand name will help it break into the tire business.
- The new tire strategy from Sears coincides with both Goodyear Tire & Rubber (GT -0.1%) and Cooper Tire & Rubber (CTB -0.1%) trading close to their 52-week low. It's unclear which tire makers Sears will partner with on the initiative.
Fri, May 20, 10:35 AM
- Shares of Goodyear Tire & Rubber (GT +1.4%) perk up after Standpoint Research upgrades the company to a Buy rating on a valuation call. Six of seven Wall Street firms covering the tire seller are bullish.
- One group that disagrees with the consensus view is the University of Texas team that took down 3rd place at the Seeking Alpha Ultimate Collegiate Stock Pitch Competition. Don't make an investment in Goodyear until at least seeing what the youngsters had to say in their detailed presentation on why GT should be shorted.
Tue, May 10, 9:46 AM
Wed, Apr. 27, 9:31 AM
- Goodyear Tire & Rubber (NASDAQ:GT) reports tire unit volume increased 2% to 41.5M in Q1, driven by growth in the Asia Pacific region, primarily in Japan and China.
- Original equipment unit volume rose 2% Y/Y.
- Replacement tire shipments grew 2% Y/Y.
- Segment sales: North America: $1.95B (-13%); EMEA: $1.25B (-6%); Asia Pacific: $489M (+8.7%).
- Gross margin rate advanced 300 bps to 6.8%.
- Segment operating margin: North America: 13.3% (+220 bps); EMEA: 6.4% (+90 bps); Asia Pacific: 16.2% (+130 bps).
- Total segment operating margin rate improved 180 bps to 11.4%.
Wed, Apr. 27, 7:48 AM
Tue, Apr. 26, 5:30 PM
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Tue, Apr. 12, 8:32 AM
Thu, Apr. 7, 8:17 AM
- Goodyear Tire & Rubber (NASDAQ:GT) is upgraded by KeyBanc to an Overweight rating.
- The investment firm thinks industry supply and demand trends look favorable for the tire seller.
- KeyBanc's price target of $39 on Goodyear leaves it some room to run.
- Now read Good Years Ahead With Goodyear's Strong Cash Profile
Wed, Feb. 10, 12:46 PM
- The tire stocks rally extends into a second day with both Goodyear Tire & Rubber (GT +5.4%) and Cooper Tire & Rubber (CTB +4.6%) adding to yesterday's gains.
- Strong volume in the tire sector is helping to leverage some costs lower.
- Both stocks are still in negative territory for the year.
- Previously: More on Goodyear Tire & Rubber's Q4 (Feb. 9)
- Previously: CLSA turns from bear to bull on Goodyear Tire & Rubber (Feb. 10)
Wed, Feb. 10, 8:08 AM
- CLSA lifts Goodyear Tire & Rubber (NASDAQ:GT) two notches to Outperform after abandoning its Underperform stance.
- Goodyear rose over 4% yesterday after shining with its Q4 earnings report. The company was able to leverage some costs down on strong volume.
- Previously: Goodyear Tire & Rubber beats by $0.18, beats on revenue (Feb. 09 2016)
- Previously: More on Goodyear Tire & Rubber's Q4 (Feb. 09 2016)
Tue, Feb. 9, 8:42 AM
- Goodyear Tire & Rubber (NASDAQ:GT) reports tire unit volume rose 7% to 42.1M in Q4.
- Original equipment unit volume grew 2% Y/Y.
- Replacement tire shipments increased 9% Y/Y.
- Segment sales: North America: $1.912B (-9%); EMEA: $1.191B (-9%); Asia Pacific: $559M (+9%); Latin America: $401M (-8%).
- Gross margin rate improved 110 bps to 24.4%.
- Segment operating margin: North America: 13.9% (+300 bps); EMEA: 8.4% (+610 bps); Asia Pacific: 17.2% (+150 bps); Latin America: 3.5% (-110 bps).
- GT +0.61% premarket.
Tue, Feb. 9, 7:48 AM
Mon, Feb. 8, 5:30 PM
Wed, Jan. 20, 3:40 PM
- Auto suppliers Federal-Mogul Holdings (FDML +11.1%), Motorcar Parts of America (MPAA +6.2%), Gentherm (THRM +5%), Meritor (MTOR +4.3%), and Stonebridge (SRI +2.8%) are all showing outsized gains on the day, despite global stock market declines. The sector has been off to a volatile start this year.
- Tire stocks Goodyear Tire & Rubber (GT +2.2%) and Cooper Tire & Rubber (CTB +0.7%) are also in solid shape today.
- Though some forecasts call for automobile sales growth to slow in China and the U.S. this year, strong demand from Europe is making up for some of the slack.
- Previously: European automobile market stays on promising track (Jan. 18 2016)
Fri, Jan. 15, 4:52 PM
- Goodyear Tire & Rubber (NASDAQ:GT) declares $0.07/share quarterly dividend, in line with previous.
- Forward yield 1.02%
- Payable March 1; for shareholders of record Feb. 1; ex-div Jan. 28.
Goodyear Tire & Rubber Co. is engaged in developing, manufacturing, distributing and selling tires and related products and services worldwide. It manufactures and markets numerous lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and... More
Sector: Consumer Goods
Industry: Rubber & Plastics
Country: United States
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