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Goodyear Tire & Rubber Co. (GT)

- NASDAQ
  • Mon, Jun. 29, 10:38 AM
    • Select auto supplier stocks are feeling the sharpest pinch in the consumer goods sector from the developments in Greece.
    • Westport Innovations (WPRT -4.6%), Delphi Automotive (DLPH -3.3%), and Tower International (TOWR -1.8%) are all trading weaker than broad averages.
    • Goodyear Tire & Rubber (GT -3.4%) and Cooper Tire & Rubber (CTB -1.8%) are also feeling pressure.
    | 4 Comments
  • Wed, Jun. 10, 8:35 AM
    • Goodyear Tire & Rubber (NASDAQ:GT) is downgraded by CLSA to an Underperform rating.
    • The Asian investment firm dropped Goodyear two notches from a previous rating of Buy due to valuation and some concerns on rubber prices.
    • CLSA has a $33 price target on the tire producer.
    • GT -0.35% premarket to $31.39.
    | 1 Comment
  • Wed, Apr. 29, 9:27 AM
    • Goodyear Tire & Rubber (NASDAQ:GT) reports tire unit volume rose 2% to 40.8M in Q1.
    • Original equipment volume +3%.
    • Replacement tire shipments +2%.
    • Segment sales: North America: $1.858B (-1%);
      EMEA: $1.331B (-21%); Asia Pacific: $450M (-9%); Latin America: $385M (-9%).
    • Gross margin rate increased 253 bps to 23.81%.
    • Segment operating margin: North America: 10.7% (+240 bps); EMEA: 5.5% (-110 bps); Asia Pacific: 14.9% (+170 bps); Latin America: 13.8% (+380 bps).
    • GT +2.17% premarket.
    | Comment!
  • Wed, Apr. 29, 8:17 AM
    • Goodyear Tire & Rubber (NASDAQ:GT): Q1 EPS of $0.56 beats by $0.12.
    • Revenue of $4.02B (-10.1% Y/Y) misses by $70M.
    • Shares +1.9% PM.
    • Press Release
    | 1 Comment
  • Tue, Feb. 17, 9:37 AM
    • Goodyear Tire & Rubber (GT +3.2%) saw a one-time tax credit go a long ways to offsetting painful F/X translation in Q4.
    • North America tire unit volume fell 1.8% to 16M during the quarter.
    • Europe/Middle East/Africa tire volume -11.1% to 12.8M.
    • Latin America tire volume +6.8% to 4.4M.
    • Asia-Pacific tire volume +7.1% to 6.0M.
    • The company announced it will launch an online buying site in North America.
    • Guidance: Goodyear expects segment operating income to grow between 10% and 15% Y/Y in 2015 and 2016.
    | Comment!
  • Tue, Feb. 17, 8:18 AM
    • Goodyear Tire & Rubber (NASDAQ:GT): Q4 EPS of $0.59 beats by $0.01.
    • Revenue of $4.4B (-8.1% Y/Y) beats by $30M.
    • Shares +3.4% PM.
    • Press Release
    | Comment!
  • Oct. 29, 2014, 11:37 AM
    • Goodyear Tier & Rubber (GT +4.3%) trades higher after beating profit estimates with its Q3 report.
    • Despite lower tire volume, the company struck operating margin improvements across geographic segments on some efficiency gains.
    • Goodyear plans to buy back up to $150M in stock in Q4.
    | Comment!
  • Oct. 29, 2014, 9:15 AM
    | 1 Comment
  • Oct. 29, 2014, 8:18 AM
    • Goodyear Tire & Rubber (NASDAQ:GT): Q3 EPS of $0.87 beats by $0.17.
    • Revenue of $4.66B (-6.8% Y/Y) misses by $270M.
    • Shares +2.97% PM.
    • Press Release
    | Comment!
  • 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
    | 1 Comment
  • 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
    | 1 Comment
  • 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.
    | Comment!
  • Feb. 13, 2014, 9:09 AM
    • Goodyear Tire & Rubber (GT) blew past the profit estimates of analysts with its Q4 report due in part to efficiencies in the North American business.
    • The company says its pension plan is fully funded after it kicked in another $1.15B.
    • GT +3.9% premarket
    | 3 Comments
  • Dec. 27, 2013, 5:50 PM
    | 6 Comments
  • Oct. 29, 2013, 9:47 AM
    • Shares of Goodyear Tire & Rubber (GT -6.3%) are sharply lower after the company issues a mixed Q3 report and only maintains its previous guidance.
    • An uninspiring outlook for the tire replacement market in North America could be tipping sentiment.
    • Previous: earnings, details.
    | Comment!
  • Sep. 20, 2013, 9:05 AM
    • Goodyear Tire & Rubber (GT) says it's on track to record segment operating income of about $1.5B in 2013.
    • The company says it sees 10%-15% growth in operating income through 2016.
    • On the capital allocation front, Goodyear's quarterly dividend was confirmed and a $100M share repurchase program announced. (PR)
    • GT +4.4% premarket.
    | Comment!
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Company Description
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.