Jun. 16, 2014, 8:22 AM
- Shares of Goodyear Tire & Rubber (GT) are higher in premarket trading after Barron's lines up the stock as an undervalued gem.
- A strong global automobile market and improved financials at Goodyear are the basis for the bull thesis.
- Barron's notes significant investors Appaloosa Management and Marcato Capital Management are on board for the ride.
- GT +2.5% premarket
May 29, 2014, 11:33 AM
May 29, 2014, 9:09 AM
- Goodyear Tire & Rubber (GT) announces it will increase its share repurchase program by $350M to allow the company to buy back as much as $450M in stock by 2016.
- The company also bumped its dividend payout rate to $0.06/share from $0.05/share.
- The overall shareholder return program is increased to $900M.
- GT +0.6% premarket
May 28, 2014, 2:26 PM
- Goldman Sachs backs its Conviction Buy rating on Goodyear Tire & Rubber (GT -0.8%) and tips off a capital deployment update from the company could be upcoming.
- Execs are on the mike at the KeyBanc Capital Markets Industrial, Automotive & Transportation Conference tomorrow.
Apr. 29, 2014, 9:02 AM
- Shares of Goodyear Tire & Rubber (GT) fall in early trading after the company misses sales and profit estimates with its Q1 report.
- The company suffered from weak demand in the northeast part of the U.S. with harsh weather a factor. Dips in the Venezuelan currency also took a toll.
- GT -5.5% premarket
Apr. 29, 2014, 7:56 AM
- Goodyear Tire & Rubber (GT) reports tire unit volumes were up 1% Y/Y in Q1 with demand for replacement tire shipments outpacing original tire shipments.
- Total sales fell back during the period due to lower third party chemical transactions and foreign exchange swings which moved against the company.
- Goodyear's operating margin in the U.S. improved 240 bps to 8.3% with a favorable price/mix on raw materials contributing to the gain.
- GT +2.5% premarket
Apr. 29, 2014, 7:33 AM
Apr. 28, 2014, 5:30 PM
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Apr. 24, 2014, 8:27 AM
- Shares of Goodyear Tire & Rubber (GT) race higher in early action after the stock lands on the Goldman Sachs Conviction Buy list.
- The firm sees significant potential for volume growth and margin expansion.
- GT +5.2% premarket to cruise past the 52-week high of $28.32.
Apr. 24, 2014, 7:42 AM
Apr. 15, 2014, 4:50 PM
Apr. 10, 2014, 10:11 AM
- Goodyear Tire & Rubber (GT -0.1%) says it will take a charge of $160M in Q1 due to wild swings in Venezuela's currency.
- The company says it expects its Latin America unit to show a profit that is $40M to $60M lower than earlier estimates due to the currency issue and labor turmoil in the region.
- SEC Form 8-K
Mar. 17, 2014, 2:50 PM| Mar. 17, 2014, 2:50 PM | Comment!
Mar. 13, 2014, 9:07 AM
- Piper Jaffray lines up Goodyear Tire & Rubber (GT) and Starwood Hotels & Resorts (HOT) as top consumer stock picks.
- The investment firm's thesis is that this year will follow the typical mid-term election year cycle of a strong Q4 to follow a couple of weak quarters in front of it.
- If Piper is right, buying Goodyear and Starwood on the dips could pay off.
Feb. 13, 2014, 9:09 AM
Feb. 13, 2014, 7:32 AM
GT vs. ETF Alternatives
Goodyear Tire & Rubber Co is engaged in manufacturing of tires. The Company develops, manufactures, markets and distributes tires for various applications. It also manufactures and markets rubber-related chemicals for various applications.
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