COMPANY HISTORY ON COOPER TIRE & RUBBER (NYSE:CTB)
Findlay, Ohio, 6 July 2021, ZEXPRWIRE, Cooper Tire & Rubber Company designs, manufactures, markets, and sells replacement tires in North America, Latin America, Europe, and Asia through its subsidiaries. The company is divided into two segments: Americas Tire Operations and International Tire Operations and owns such subsidiaries as Mickey Thompson Tires and Goodyear Tires.
It sells and distributes passenger car, light truck, truck and bus radial (TBR), motorcycle, and racing tires, as well as tire retread supplies. It also sells and distributes racing, TBR, and motorcycle tires. Independent tire dealers, wholesale distributors, regional and national retail tire chains, big retail chains, and other tire and automotive product retail chains.
As well as mass merchandisers, buy the company’s products, and digital platforms, as well as original equipment makers; and three owned retail storefronts that sell directly to end customers. Cooper Tire & Rubber Company is based in Findlay, Ohio, and was founded in 1914.
FINANCIAL FORECAST INFORMATION ON COOPER TIRE & RUBBER (NYSE:CTB)
Cooper Tire & Rubber’s most recent earnings announcement was on May 2nd, 2021. For the quarter, the company earned $0.43 earnings per share, missing analysts’ expected estimates of $0.57 by $0.14. Revenue for the quarter was $655.80 million, compared to analyst projections of $599.12 million.
When compared to the same quarter previous year, revenue increased by 23.3 percent. Cooper Tire & Rubber has a price-to-earnings ratio of 17.3 and has generated $3.00 earnings per share over the last year. Cooper Tire & Rubber has not yet confirmed its upcoming earnings release date, but based on recent year’s report dates, the company’s expected results date is Monday, August 2nd, 2021.
DIVIDEND INFORMATION ON COOPER TIRE & RUBBER(NYSE:CTB)
Cooper Tire & Rubber pays a $0.42 per share yearly dividend with a dividend yield of 0.70 percent. CTB’s most recent quarterly dividend payment was made on Thursday, June 24 to shareholders of record. Cooper Tire & Rubber pays a dividend of 14.00 percent of its earnings.
Cooper Tire & Rubber vs. QuantumScape Stock
Institutional investors own 14.5 percent of QuantumScape shares. In comparison, institutional investors own 90.7 percent of Cooper Tire & Rubber stock. Cooper Tire & Rubber insiders own 0.8 percent of the company’s stock. Endowments, huge money managers, and hedge funds with strong institutional ownership feel a company is positioned for long-term growth.
Cooper Tire & Rubber vs. BorgWarner Stock
Dividends
BorgWarner has a dividend yield of 1.4 percent and pays an annual dividend of $0.68 per share. Cooper Tire & Rubber has a dividend yield of 0.7 percent and pays an annual dividend of $0.42 per share. BorgWarner distributes 24.6 percent of its profits as a dividend. Cooper Tire & Rubber distributes 14.0 percent of its profits as a dividend. Both firms have healthy payout ratios, which means they should be able to fund dividend payments with earnings for several years. Cooper Tire & Rubber has increased its dividend for 1 year in a row, and BorgWarner has increased its dividend for 1 year in a row.
Ownership by insiders and institutions
Institutional investors own 92.8 percent of BorgWarner shares. In comparison, institutional investors own 90.7 percent of Cooper Tire & Rubber stock. BorgWarner executives hold 0.4 percent of the company’s stock. In comparison, company insiders own 0.8 percent of Cooper Tire & Rubber shares. Hedge funds, endowments, and major money managers feel a stock will outperform the market over time if it has strong institutional ownership.
Cooper Tire & Rubber vs. Lear Stock
Dividends
Cooper Tire & Rubber has a dividend yield of 0.7 percent and pays an annual dividend of $0.42 per share. Lear pays a $1.00 per share yearly dividend and has a dividend yield of 0.6 percent. Cooper Tire & Rubber distributes 14.0 percent of its profits as a dividend. Lear distributes 18.8% of its profits in the form of a dividend. Both firms have healthy payout ratios, which means they should be able to fund dividend payments with earnings for several years. Cooper Tire & Rubber has increased its dividend for one year in a row, while Lear has increased its dividend for one year in a row. Given its greater yield and lower payout ratio, Cooper Tire & Rubber is clearly the better dividend stock.
Ownership by insiders and institutions
Institutional investors hold 90.7 percent of Cooper Tire & Rubber stock. In comparison, institutional investors own 96.8 percent of Lear shares. Company insiders own 0.8 percent of Cooper Tire & Rubber stock. In comparison, business insiders own 0.4 percent of Lear shares. Hedge funds, huge money managers, and endowments with strong institutional ownership feel a company is prepared for long-term growth.
Cooper Tire & Rubber vs. Autoliv Stock
Dividends
Cooper Tire & Rubber has a dividend yield of 0.7 percent and pays an annual dividend of $0.42 per share. Autoliv has a dividend yield of 2.5 percent and pays an annual dividend of $2.48 per share. Cooper Tire & Rubber distributes 14.0 percent of its profits as a dividend. Autoliv pays out 78.7% of its earnings as a dividend, implying that it may not have enough earnings in the future to fund its dividend payment. Cooper Tire & Rubber has increased its dividend for the first time in one year, while Autoliv has increased its payout for the first time in one year.
Ownership by insiders and institutions
Institutional investors hold 90.7 percent of Cooper Tire & Rubber stock. In comparison, institutional investors own 37.4 percent of Autoliv shares. Company insiders own 0.8 percent of Cooper Tire & Rubber stock. In comparison, business insiders own 0.2 percent of Autoliv shares. Hedge funds, huge money managers, and endowments with strong institutional ownership feel a company is prepared for long-term growth.
Cooper Tire & Rubber vs. Luminar Technologies Stock
Cooper Tire & Rubber (NYSE:CTB) and Luminar Technologies (NASDAQ:LAZR) are both mid-cap auto/tires/trucks businesses, but which is the better one? The two firms will be compared based on their valuation, dividends, institutional ownership, analyst recommendations, risk, profitability, and earnings.
Ownership by insiders and institutions
Institutional investors hold 90.7 percent of Cooper Tire & Rubber stock. Institutional investors, on the other hand, own 9.2% of Luminar Technologies shares. Insiders own 0.8 percent of Cooper Tire & Rubber shares. In comparison, insiders own 43.3 percent of Luminar Technologies shares. Endowments, hedge funds, and major money managers believe a company will outperform the market over time if it has strong institutional ownership.
Media Contacts –
Autostires
https://autostires.com/
