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Last $32.93 USD
Change Today +0.37 / 1.14%
Volume 479.7K
CTB On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

cooper tire & rubber (CTB) Snapshot

Open
$32.60
Previous Close
$32.56
Day High
$33.02
Day Low
$32.28
52 Week High
04/7/15 - $43.94
52 Week Low
10/10/14 - $27.24
Market Cap
1.9B
Average Volume 10 Days
439.0K
EPS TTM
$2.59
Shares Outstanding
57.6M
EX-Date
05/28/15
P/E TM
12.7x
Dividend
$0.42
Dividend Yield
1.28%
Current Stock Chart for COOPER TIRE & RUBBER (CTB)

cooper tire & rubber (CTB) Related Businessweek News

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cooper tire & rubber (CTB) Details

Cooper Tire & Rubber Company, together with its subsidiaries, manufactures and markets replacement tires worldwide. The company operates in two segments, Americas Tire Operations and International Tire Operations. The Americas Tire Operations segment offers passenger car and light truck tires, as well as distributes tires for racing, medium trucks, and motorcycles to independent tire dealers, wholesale distributors, regional and national retail tire chains, and other automotive product retail chains. This segment sells its products through three own retail stores. The International Tire Operations segment manufactures and markets passenger car, light truck, motorcycle, and racing tires, as well as tire retread material. Cooper Tire & Rubber Company was founded in 1913 and is based in Findlay, Ohio.

8,881 Employees
Last Reported Date: 02/23/15
Founded in 1913

cooper tire & rubber (CTB) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.1M
Chief Financial Officer and Vice President
Total Annual Compensation: $32.5K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $498.0K
Chief Human Resources Officer and Senior Vice...
Total Annual Compensation: $401.8K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $393.4K
Compensation as of Fiscal Year 2014.

cooper tire & rubber (CTB) Key Developments

Cooper Announces Plans to Open New Tire Sales and Service Centers in China

Cooper Tire & Rubber Company, has partnered with tire dealers to open new tire sales and service centers in China. Over the past eight months, the company and local dealer partners have opened four Cooper Superfeel Centers in Shanghai, Beijing, Shandong, and Chengdu, and Cooper plans to team with additional dealers to open two more Superfeel Centers in China before the end of this year. Cooper Superfeel Centers, which range from 3,000 to 5,000 square feet, offer an expansive array of tires for passenger cars, SUVs and other vehicle types in an enhanced shopping environment that features the use of dimensional and interactive displays as well as large format video screens. In addition to the unique shopping environment, Cooper Superfeel Centers also offer a host of tire related services including alignment, balancing, and tire repair, as well as other value-added auto services provided by automotive professionals for the ultimate in consumer convenience and quality. The Cooper Superfeel Center in Shanghai was the first to open in November 2014 and was followed by the Shandong location in January of this year, the Beijing site in March, and the Chengdu site this month. Future sites in 2015 include Inner Mongolia and Baoding.

Court Tosses Cooper Tire Lawsuit over Failed Deal

A federal judge has dismissed a lawsuit filed by a group of Cooper Tire & Rubber Co.'s shareholders that alleged company officials had not been honest about the risks of a $2.5 billion 2013 merger agreement that ultimately fell apart. The class action suit, which was filed in early 2014, argued that Cooper Tire and its top company officials had violated federal securities laws. The suit states officials omitted or misrepresented facts that would have shown the proposed merger with Apollo Tyres Ltd. was imperiled from the start. A common theme among the allegations was that Cooper Tire officials knew ahead of time it was likely the company's Chinese joint venture partners would object to the deal and attempt to torpedo it, and that they were trying only to enrich themselves. Attorneys for Cooper Tire denied the allegations and asked the court to dismiss the case in March. In a decision posted July 1, U.S. District Court Judge Richard Andrews, finding Cooper Tire had followed federal and state financial laws and didn't attempt to hide or misrepresent the deal's potential risks, rejected all of the plaintiffs claims and dismissed the case.

Cooper Tire & Rubber Company Makes Roadmaster RM230 HH Available in New Size for Logging and Mining Trailer Applications

Cooper Tire & Rubber Company announced that it has added a new size to its popular Roadmaster RM230 HH tire line to meet the demands of severe-duty applications, such as logging and mining. The Roadmaster RM230 HH tire is designed to withstand stone penetration, with 18-ply rating (load range) construction, tread depth of 22/32nds, cut and chip resistant compounding, and an off-road design with lugs and a stone protector ledge. The new size available is 275/70R22.5. The RM230 HH features a high tensile strength four-belt package to help promote multiple retreads.

 

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CTB Competitors

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Company Last Change
Kumho Tire Co Inc 6,750 KRW +50.00
Meritor Inc $14.08 USD -0.14
Regal Beloit Corp $69.43 USD +0.83
Timken Co/The $33.38 USD -0.11
Toyo Tire & Rubber Co Ltd ¥2,723 JPY +7.00
View Industry Companies
 

Industry Analysis

CTB

Industry Average

Valuation CTB Industry Range
Price/Earnings 9.6x
Price/Sales 0.6x
Price/Book 2.2x
Price/Cash Flow 9.1x
TEV/Sales 0.3x
 | 

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