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The Goodyear Tire & Rubber Company (GT)

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8.38 +0.10 (+1.21%)
At close: October 16 at 4:00 PM EDT
8.42 +0.04 (+0.48%)
Pre-Market: 8:49 AM EDT
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DELL
  • Previous Close 8.28
  • Open 8.37
  • Bid 8.37 x 100
  • Ask 8.41 x 1500
  • Day's Range 8.31 - 8.43
  • 52 Week Range 7.27 - 15.24
  • Volume 5,459,479
  • Avg. Volume 5,872,309
  • Market Cap (intraday) 2.386B
  • Beta (5Y Monthly) 1.70
  • PE Ratio (TTM) --
  • EPS (TTM) -1.24
  • Earnings Date Nov 4, 2024 - Nov 8, 2024
  • Forward Dividend & Yield --
  • Ex-Dividend Date Jan 31, 2020
  • 1y Target Est 11.64

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands. The company also provides retread truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; sells chemical products; and provides automotive and commercial repair services, and miscellaneous other products and services. In addition, it operates approximately 950 retail outlets, which offer products for sale, and provides repair and other services. Further, the company sells products and installation services online through its websites, www.goodyear.com for consumer tires and www.goodyeartrucktires.com for commercial tires; automotive maintenance and repair services under the Goodyear or Just Tires names; and automotive repair and maintenance items, automotive equipment and accessories, and other items to dealers and consumers, as well as provides miscellaneous other products and services. The company sells its products worldwide through a network of independent dealers, regional distributors, retail outlets, and retailers. The Goodyear Tire & Rubber Company was incorporated in 1898 and is headquartered in Akron, Ohio.

www.goodyear.com

71,000

Full Time Employees

December 31

Fiscal Year Ends

Auto Parts

Industry

Recent News: GT

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Performance Overview: GT

Trailing total returns as of 10/16/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

GT
41.48%
S&P 500
22.49%

1-Year Return

GT
30.17%
S&P 500
35.00%

3-Year Return

GT
55.52%
S&P 500
30.66%

5-Year Return

GT
42.14%
S&P 500
95.03%

Compare To: GT

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Statistics: GT

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Valuation Measures

Annual
As of 10/16/2024
  • Market Cap

    2.36B

  • Enterprise Value

    11.07B

  • Trailing P/E

    --

  • Forward P/E

    4.84

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    0.12

  • Price/Book (mrq)

    0.51

  • Enterprise Value/Revenue

    0.57

  • Enterprise Value/EBITDA

    8.64

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    -1.82%

  • Return on Assets (ttm)

    2.23%

  • Return on Equity (ttm)

    -7.07%

  • Revenue (ttm)

    19.36B

  • Net Income Avi to Common (ttm)

    -352M

  • Diluted EPS (ttm)

    -1.24

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    789M

  • Total Debt/Equity (mrq)

    195.72%

  • Levered Free Cash Flow (ttm)

    363.12M

Research Analysis: GT

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 4.57B
Earnings 85M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

8.90
11.64 Average
8.38 Current
15.90 High
 

Company Insights: GT

Research Reports: GT

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  • Daily – Vickers Top Buyers & Sellers for 08/13/2024

    The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

     
  • Declining tire unit volumes persist

    The Goodyear Tire & Rubber Company develops, manufactures, and markets tires for most applications. It also manufactures and markets rubber-related chemicals. Goodyear is one of the world's largest operators of commercial truck service and tire retreading centers, and has approximately 71,000 employees in 21 countries. The company was founded in 1898 and is based in Akron, Ohio.

    Rating
    Price Target
     
  • Insider buying tends to get more attention than insider selling. Indeed, Peter

    Insider buying tends to get more attention than insider selling. Indeed, Peter Lynch famously noted that 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' Up until recently, 2024 was a very good year for equity investors, with all-time highs booked on a regular basis. So as insiders grew increasingly cautious over the past few months, it was easy to assume they were simply taking a little off the top. But about four weeks ago, the caution became more pronounced, and we noted in recent commentaries that 'insiders have increased their selling activity;' and then 'insiders continue to...cash in;' and then insider sentiment is 'deeply into bearish territory.' Finally, last week, we detailed that certain sell/buy ratios from Vickers Stock Research were at their most-bearish levels since February of 2023. So insider caution turned into a bearish stampede. More important (and keeping in mind the words of Peter Lynch) is the following: Are insiders starting to think that prices are again attractive? Not yet. Current insider-sentiment readings from Vickers remain very bearish for a third week, with the action on the NYSE especially bleak. Meanwhile, the Insider Index from Vickers now sits at its most-bearish reading since August of 2021. This will all turn eventually -- and we plan to call it out. But for now, playing defense remains the order of the day it seems. On a sector basis, selling by insiders last week was greatest in Information Technology, with shares valued at $114 million sold versus roughly $19 million bought. Buying outpaced selling in Communication Services. This week, analysts at Vickers highlighted insider transactions of interest at Appian Corp. (NGM: APPN) and The St. Joe Co. (NYSE: JOE)

     
  • Conditions remain challenging; reiterating HOLD

    The Goodyear Tire & Rubber Company develops, manufactures, and markets tires for most applications. It also manufactures and markets rubber-related chemicals. Goodyear is one of the world's largest operators of commercial truck service and tire retreading centers, and has approximately 71,000 employees in 22 countries. The company was founded in 1898 and is based in Akron, Ohio.

    Rating
    Price Target
     

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