Cooper Tire & Rubber Company (NYSE:CTB) is expected to report third quarter earnings results, before market open, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.74 per share.
Looking ahead, the full year income are expected at $ 1.30 per share on the revenues of $ 2426.31 million.
Previous Quarter Performance
Cooper Tire & Rubber Company revealed loss for the second quarter of $ 0.12 per share, from the revenue of $ 496.26 million. Wall street analysts are predicting, CTB to report 2Q20 loss of $ 0.54 per share from revenue of $ 464.87 million. The bottom line results beat street analysts by $ 0.42 or 77.78 percent, at the same time, top line results outshined analysts by $ 31.39 million or 6.75 percent.
Stock Performance
Shares of Cooper Tire & Rubber Company traded low $ -1.60 or -4.37 percent on Wednesday, reaching $ 35.03 with volume of 254.80 thousand shares. Cooper Tire & Rubber Company has traded high as $ 35.95 and has cracked $ 34.89 on the downward trend
According to the previous trading day, closing price of $ 35.03, representing a 165.05 % increase from the 52 week low of $ 13.82 and a 4.49 % decrease over the 52 week high of $ 38.35.
The company has a market capital of $ 1.76 billion and is part of the Consumer Cyclical sector and Rubber & Plastics industry.
Recent Stock Dividend Announcement
On August 4, 2020, the board of directors authorized quarterly dividend of $ 0.105 per share to holders of record as of the close of business on September 1, 2020, with payment date of September 25, 2020 and ex-dividend date on August 31, 2020.
Conference Call
Cooper Tire & Rubber Company will be hosting a conference call at 10:00 AM eastern time on 29th October 2020, to discuss its 3Q20 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.
