Cooper Tire & Rubber Company (NYSE:CTB) is reporting second quarter financial results on Monday 3rd August 2020, before market open.
According to analysts surveyed by Thomson Reuters, CTB is expected to report 2Q20 loss of $ 0.54 per share from revenue of $ 464.87 million.
For the full year, analysts anticipate top line of $ 2355.58 million, while looking forward to income of $ 0.60 per share bottom line.
Previous Quarter Performance
Cooper Tire & Rubber Company unveiled loss for the first quarter of $ 0.23 per share, from the revenue of $ 531.69 million. The quarterly revenues decreased 12.96 percent compared with the same quarter last year. According to street consensus, CTB was expected to report 1Q20 loss of $ 0.13 per share from revenue of $ 556.16 million. The bottom line results missed street analysts by $ 0.1 or 76.92 percent, at the same time, top line results fell short of analysts by $ 24.47 million or 4.4 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CTB was $ 31.06, representing a 124.75 % increase from the 52 week low of $ 13.82 and a 5.13 % decrease over the 52 week high of $ 32.74.
The company has a market capital of $ 1.56 billion and is part of the Consumer Cyclical sector and Rubber & Plastics industry.
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Recent Analyst recommendations
- On 29th June 2020, maintained by KeyBanc at Overweight rating, with $ 32.00 target price.
Recent Stock Dividend Announcement
On May 8, 2020, the board of directors authorized quarterly dividend of $ 0.105 per share to holders of record as of the close of business on June 1, 2020, with payment date of June 26, 2020 and ex-dividend date on May 29, 2020.
Conference Call
Cooper Tire & Rubber Company will be hosting a conference call at 10:00 AM eastern time on 3rd August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.coopertire.com
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 manufactures and markets 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.
