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Last $30.02 USD
Change Today +0.275 / 0.92%
Volume 1.1M
GT On Other Exchanges
Symbol
Exchange
NASDAQ GS
SIX Swiss Ex
Mexico
Frankfurt
As of 1:47 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

goodyear tire & rubber co (GT) Snapshot

Open
$29.92
Previous Close
$29.75
Day High
$30.08
Day Low
$29.58
52 Week High
06/1/15 - $32.74
52 Week Low
10/15/14 - $18.87
Market Cap
8.1B
Average Volume 10 Days
3.8M
EPS TTM
$2.33
Shares Outstanding
269.4M
EX-Date
07/29/15
P/E TM
12.9x
Dividend
$0.24
Dividend Yield
0.80%
Current Stock Chart for GOODYEAR TIRE & RUBBER CO (GT)

goodyear tire & rubber co (GT) Details

The Goodyear Tire & Rubber Company develops, manufactures, distributes, and sells tires, and related products and services in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, as well as under the private-label brands. It also retreads truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; manufactures and sells rubber-related chemical products; and provides automotive repair services, and miscellaneous other products and services. The company operates approximately 1,200 tire and auto service center outlets, where it offers products for retail sale, and provides automotive repair and other services. The Goodyear Tire & Rubber Company also sells its products though franchisees. The company was founded in 1898 and is headquartered in Akron, Ohio.

67,000 Employees
Last Reported Date: 02/17/15
Founded in 1898

goodyear tire & rubber co (GT) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $508.3K
Senior Vice President of Global Operations
Total Annual Compensation: $541.7K
President of Europe, Middle East & Africa Bus...
Total Annual Compensation: $610.0K
President of North American Tire
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2014.

goodyear tire & rubber co (GT) Key Developments

The Goodyear Tire & Rubber Company Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Earnings Guidance for the Year 2015-2016

The Goodyear Tire & Rubber Company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. Goodyear's second quarter 2015 sales were $4.2 billion, down from $4.7 billion a year ago, with the decrease largely attributable to unfavorable foreign currency translation of $401 million. Goodyear's second quarter 2015 net income available to common shareholders was $192 million or 70 cents per diluted share against $213 million or 76 cents per diluted share reported last year. Excluding certain significant items, adjusted net income was $229 million or 84 cents per diluted share against $225 million or 80 cents per diluted share reported last year. Income before income taxes was $328 million against $292 million reported last year. Cash flows from operating activities were $536 million against $409 million reported last year. Capital expenditures were $244 million against $212 million reported last year. Total debt and net debt are effectively flat with first quarter balances as well. Net debt is lower than the second quarter last year by $660 million, following strong free cash flow performance in 2014. The company generated $377 million of free cash flow from operations in the quarter. Company's sales for the first six months of 2015 were $8.2 billion, down 10% from the 2014 period, reflecting unfavorable foreign currency translation of $794 million. Goodyear's year-to-date net income available to common shareholders of $416 million or $1.52 per diluted share is up from $155 million or 58 cents per diluted share in 2014 first half. Income before income taxes was $687 million against $262 million reported last year. Total cash flows from operating activities were $274 million against $1,134 million reported last year. Capital expenditures were $448 million against $441 million reported last year. The company reaffirmed its 2015-2016 financial targets, which include: segment operating income growth of between 10% and 15% per year; annual positive free cash flow from operations and, an adjusted debt to EBITDAP ratio of 2.0x to 2.1x.

The Goodyear Tire & Rubber Company Declares Quarterly Dividend, Payable on September 1, 2015

The Board of Directors of The Goodyear Tire & Rubber Company declared a quarterly dividend of 6 cents per share payable on September 1, 2015, to shareholders of record on July 31, 2015.

The Goodyear Tire & Rubber Company to Report Q2, 2015 Results on Jul 29, 2015

The Goodyear Tire & Rubber Company announced that they will report Q2, 2015 results at 9:00 AM, US Eastern Standard Time on Jul 29, 2015

 

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Industry Analysis

GT

Industry Average

Valuation GT Industry Range
Price/Earnings 3.0x
Price/Sales 0.5x
Price/Book 2.0x
Price/Cash Flow 3.0x
TEV/Sales NM Not Meaningful
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