Cooper Tire & Rubber (NYSE:CTB) issued its earnings results on Sunday. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.14), Briefing.com reports. The firm had revenue of $655.80 million during the quarter, compared to analysts’ expectations of $599.12 million. Cooper Tire & Rubber had a return on equity of 12.99% and a net margin of 6.14%. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.23) earnings per share.
Shares of CTB traded up $0.54 during trading hours on Tuesday, hitting $57.88. The company had a trading volume of 21,624 shares, compared to its average volume of 744,571. The firm has a fifty day moving average price of $56.75 and a 200-day moving average price of $45.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.75 and a current ratio of 2.41. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 18.71 and a beta of 1.53. Cooper Tire & Rubber has a 52-week low of $18.95 and a 52-week high of $59.02.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 26th. Stockholders of record on Monday, March 1st were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Friday, February 26th. Cooper Tire & Rubber’s dividend payout ratio (DPR) is presently 21.99%.
About Cooper Tire & Rubber
Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It offers passenger car, light truck, truck and bus radial (TBR), motorcycle, and racing tires, as well as tire retread materials; and markets and distributes racing, TBR, and motorcycle tires.
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