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Last $31.74 USD
Change Today -0.15 / -0.47%
Volume 3.5M
GT On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

goodyear tire & rubber co (GT) Snapshot

Open
$31.90
Previous Close
$31.89
Day High
$32.15
Day Low
$31.69
52 Week High
05/22/15 - $32.15
52 Week Low
10/15/14 - $18.87
Market Cap
8.6B
Average Volume 10 Days
4.2M
EPS TTM
$2.63
Shares Outstanding
269.9M
EX-Date
04/29/15
P/E TM
12.1x
Dividend
$0.24
Dividend Yield
0.76%
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

Goodyear Announces the Launch of the New Goodyear Eagle Sport Tyres

Goodyear announced the launch of the new Goodyear Eagle Sport tyres, their newest model, in the Egyptian market. These tyres were designed to enjoy better endurance and thus increase the lifespan of the tyre. Goodyear's market researchers are constantly encouraging the company's engineers and scientists, urging them to devise innovative tyre solutions that meet customer requirements and help in the management of future societal challenges. The performance of Eagle Sport tyres exceeds that of the previous model, in terms of the total distance it can cover in addition to control advantages. The deeper grooves in its design give the tyre better fluency on wet roads and better steering on dry ones. The design of Goodyear's Eagle Sport tyre provides perfect cohesion power in addition to wear and tear resistance. Goodyear's Eagle Sport tyres come in 10 different sizes designed for wheels measuring 14 to 16 inches. Goodyear's Eagle Sport tyres are expected to provide more comfort and control on Egyptian roads, especially for vehicles of medium tyres. Goodyear's Eagle Sport tyres could be purchased starting May 2015 in the Egyptian Tyre Company and Goodyear's authorised distributors' network in Egypt.

The Goodyear Tire & Rubber Company Introduces Tires Containing Next-Generation Silica

The Goodyear Tire & Rubber Company has begun using a next-generation silica to increase the fuel-efficiency of its tires. This new silica will be first used in the Goodyear EfficientGrip SUV tire, which is being launched this month in Latin American markets. Tires containing the silica also will be introduced in other regions within the next year 2016. Silica is used as a reinforcing agent in tire tread compounds. Compared to carbon black, a traditional reinforcing agent for tires, silica reduces rolling resistance. Lower rolling resistance, in turn, improves a car's fuel economy. In addition, this new silica - marketed by PPG Industries as AGILON performance silica - has been shown to have processing advantages that also benefit the environment. Since it is easier to mix into compounds, factories can consume less energy in the tire production process and lessen emissions.

The Goodyear Tire & Rubber Company Announces Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2015; Reaffirms 2015-2016 Financial Targets

The Goodyear Tire & Rubber Company announced unaudited consolidated earnings results for first quarter ended March 31, 2015. For the quarter, the company reported net sales of $4,024,000, income before income taxes of $359,000, net income available to common shareholders of $224,000 or $0.82 per diluted share, total cash out flows from operating activities of $262,000, capital expenditures of $204,000, adjusted net income of $148,000 or $0.54 per diluted share compared to the net sales of $4,469,000, loss before income taxes of $30,000, net loss available to common shareholders of $58,000 or $0.23 per diluted share, total cash out flows from operating activities of $1,543,000, capital expenditures of $229,000, adjusted net income of $156,000 or $0.56 per diluted share for the same quarter a year ago. Results were influenced by certain significant items, most notably the recognition of deferred income associated with the termination of a licensing agreement related to former engineered products business. For the quarter, the company used $414 million of cash, improving about $100 million from the prior year, reflecting the increase in earnings. The company reaffirmed its 2015-2016 financial targets. For the year, the company expected segment operating income growth of between 10% and 15% per year. The company expected annual positive free cash flow from operations and, an adjusted debt to EBITDAP ratio of 2.0x to 2.1x. For the full year 2015, the company expects CapEx of $1.1 billion.

 

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Industry Analysis

GT

Industry Average

Valuation GT Industry Range
Price/Earnings 3.3x
Price/Sales 0.5x
Price/Book 2.2x
Price/Cash Flow 3.1x
TEV/Sales NM Not Meaningful
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