In today’s recent session, 1.05 million shares of the Goodyear Tire & Rubber Co (NASDAQ:GT) have been traded, and its beta is 1.41. Most recently the company’s share price was $9.70, and it changed around -$0.05 or -0.46% from the last close, which brings the market valuation of the company to $2.77B. GT at last check was trading at a discount to its 52-week high of $13.26, offering almost -36.7% off that amount. The share price’s 52-week low was $7.27, which indicates that the recent value has risen by an impressive 25.05% since then. We note from Goodyear Tire & Rubber Co’s average daily trading volume that its 10-day average is 10.33 million shares, with the 3-month average coming to 6.41 million.
Goodyear Tire & Rubber Co stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 5 recommended GT as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Goodyear Tire & Rubber Co is expected to report earnings per share of 0.04 for the current quarter.
Goodyear Tire & Rubber Co (NASDAQ:GT) trade information
Instantly GT has been showing red trend so far today with a performance of -0.46% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 9.85 on recent trading dayincreased the stock’s daily price by 1.52%. The company’s shares are currently up 7.83% year-to-date, but still down -0.36% over the last five days. On the other hand, Goodyear Tire & Rubber Co (NASDAQ:GT) is 8.68% up in the 30-day period. We can see from the shorts that 19.25 million shares have been sold at a short interest cover period of 3.59 day(s).
The consensus price target as assigned by Wall Street analysts is $15, which translates to bulls needing to increase their stock price by 35.33% from its current value. Analyst projections state that GT is forecast to be at a low of $14 and a high of $19.
Goodyear Tire & Rubber Co (GT) estimates and forecasts
The year-over-year growth rate is expected to be -2.05%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 4.41B in revenue for the current quarter. 5 analysts expect Goodyear Tire & Rubber Co to make 4.45B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.54B and 4.57B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -2.86%. Forecasts for the next quarter put sales growth at -2.57%.
Goodyear Tire & Rubber Co earnings are expected to increase by 37.30% in 2025, but the outlook is positive 24.43% per year for the next five years.
GT Dividends
Goodyear Tire & Rubber Co’s next quarterly earnings report is expected to be released on 2025-Feb-12. The average dividend yield for the past five years averaged 2.81 per year.
Goodyear Tire & Rubber Co (NASDAQ:GT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.50% of Goodyear Tire & Rubber Co shares, and 86.40% of them are in the hands of institutional investors. The stock currently has a share float of 95.47%. Goodyear Tire & Rubber Co stock is held by 495.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 12.2687% of the shares, which is about 35.21 million shares worth $399.65 million.
VANGUARD GROUP INC, with 10.3898% or 29.71 million shares worth $337.26 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
American Century ETF Trust-Avantis U.S. Small Cap Value ETF and iShares Trust-iShares Core S&P Mid-Cap ETF were the top two Mutual Funds as of Mar 31, 2025 . The former held 9.48 shares worth $91.99 million, making up 3.32% of all outstanding shares. On the other hand, iShares Trust-iShares Core S&P Mid-Cap ETF held roughly 9.29 shares worth around $90.21 million, which represents about 3.26% of the total shares outstanding.
