The Goodyear Tire & Rubber Company (GT)

NASDAQ: GT · IEX Real-Time Price · USD
10.94
+0.26 (2.43%)
Mar 31, 2023, 11:31 AM EDT - Market open
2.43%
Market Cap 3.10B
Revenue (ttm) 20.81B
Net Income (ttm) 209.00M
Shares Out 283.26M
EPS (ttm) 0.71
PE Ratio 15.04
Forward PE 5.91
Dividend n/a
Ex-Dividend Date n/a
Volume 732,459
Open 10.79
Previous Close 10.68
Day's Range 10.78 - 10.96
52-Week Range 9.66 - 15.69
Beta 1.82
Analysts Buy
Price Target 13.55 (+23.86%)
Earnings Date May 5, 2023

About GT

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving equipment, and mining and industrial equipment under the Goodyear, Cooper, Dunlop, Kelly, Debica, Sava, Fulda, Mastercraft, Roadmaster, and various other house brands, as well as under the private-label brands. The company also retreads truck, aviation, and off-the-road tires; manufa... [Read more]

Industry Auto Parts
Founded 1898
Employees 72,000
Stock Exchange NASDAQ
Ticker Symbol GT
Full Company Profile

Financial Performance

In 2022, GT's revenue was $20.81 billion, an increase of 19.04% compared to the previous year's $17.48 billion. Earnings were $209.00 million, a decrease of -73.21%.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for GT stock is "Buy." The 12-month stock price forecast is $13.55, which is an increase of 23.86% from the latest price.

Price Target
$13.55
(23.86% upside)
Analyst Consensus: Buy
Stock Forecasts

News

MICKEY THOMPSON TIRES UNLEASH THE POWER OF DODGE CHALLENGER SRT DEMON 170

Mickey Thompson ET Street R and ET Street Front tires featured on Dodge brand's final "Last Call" vehicle STOW, Ohio , March 20, 2023 /PRNewswire/ -- Mickey Thompson Tires played a key role from the g...

1 week ago - PRNewsWire

THE GOODYEAR POWERLOAD TIRE LINE WILL DRIVE PRODUCTIVITY AND EFFICIENCY WHEREVER IT'S PUT TO WORK

Goodyear Powerload delivers durability and traction for hardworking compact wheel loaders and graders to get the job done AKRON, Ohio , March 15, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Compan...

2 weeks ago - PRNewsWire

GOODYEAR LAUNCHES THE NEW FUEL MAX 1AD TIRE FOR TOUGH SUPER-REGIONAL TRUCKING JOBS

The Fuel Max 1AD single-axle drive tire features the traction benefits and features needed to handle freight jobs and yard maneuvers with ease AKRON, Ohio , March 2, 2023 /PRNewswire/ -- The Goodyear ...

1 month ago - PRNewsWire

GOODYEAR'S JENNY PAIGE NAMED A 2023 WOMEN MAKE AMERICA AWARD HONOREE

AKRON, Ohio , March 1, 2023 /PRNewswire/ -- The Manufacturing Institute (MI) - the workforce development and education partner of the National Association of Manufacturers - will celebrate The Goodyea...

1 month ago - PRNewsWire

GOODYEAR INTRODUCES FIRST EV TIRE FOR REGIONAL FLEETS

New RangeMax ™  RSD ®  EV delivers ultra-low rolling resistance and energy efficiency for regional work vehicles AKRON, Ohio , Feb. 28, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:...

1 month ago - PRNewsWire

GOODYEAR HONORS 38th WINNER OF HIGHWAY HERO AWARD

Washington State-based J.B. Hunt truck driver helps make the highways safer through courage and heroism on the road AKRON, Ohio , Feb. 26, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASD...

1 month ago - PRNewsWire

Goodyear's (GT) Q4 Earnings Lag Estimates, Costs Hit Margins

Goodyear (GT) grapples with poor margin performance across all segments as raw material cost exceeds price/mix benefits.

1 month ago - Zacks Investment Research

Goodyear (GT) Misses Q4 Earnings Estimates

Goodyear (GT) delivered earnings and revenue surprises of -58.82% and 1.65%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

GOODYEAR REPORTS FOURTH QUARTER AND FULL-YEAR 2022 FINANCIAL RESULTS

AKRON, Ohio , Feb. 8, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the fourth quarter and full-year 2022 in an Investor Letter published to its inves...

1 month ago - PRNewsWire

The 7 Most Undervalued Stocks to Buy in February 2023

As Feb. gets underway, I'm finding under-appreciated, undervalued stocks to buy. When seeking value in the stock market the hope is that other investors will see what you see: The underappreciated val...

2 months ago - InvestorPlace

Goodyear - GT - Investors of Goodyear Stock Since at Least January 24, 2023 Encouraged to Contact Kehoe Law Firm, P.C. - Breach of Fiduciary Duties Investigation

New York, New York--(Newsfile Corp. - February 2, 2023) - Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Goodyear Tire & Rubber Co. ("Goodyear") (NASDAQ: GT) breached ...

2 months ago - Newsfile Corp

INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates Goodyear Tire & Rubber Co.'s Directors and Officers for Breach of Fiduciary Duties – GT

NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers ...

2 months ago - Business Wire

Earnings Preview: Goodyear (GT) Q4 Earnings Expected to Decline

Goodyear (GT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

New Custom Goodyear Welt Wingtip Golf Shoe Collection Released By Robert August

Robert August, a Chicago-based retailer of luxury men's footwear, has a new line of wingtip golf shoes that can all be customized.Chicago, Illinois--(Newsfile Corp. - February 1, 2023) - Robert August...

2 months ago - Newsfile Corp

Goodyear to Cut 500 Jobs, Warns of Earnings Shortfall

The tire maker is shedding roughly 5% of its salaried staff around the world, joining a raft of companies trimming their head counts.

2 months ago - WSJ

Goodyear Tire to cut 500 jobs given ‘significantly weaker' industry backdrop

Shares of Goodyear Tire & Rubber Co. fell Friday, after the tire maker said it was reducing its salaried workforce by about 5%, as part of a restructuring in response to a “challenging” industry envir...

2 months ago - Market Watch

GOODYEAR ANNOUNCES COST SAVINGS ACTIONS

AKRON, Ohio , Jan. 27, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced cost savings actions in response to a challenging industry environment and cost pressure dri...

2 months ago - PRNewsWire

Justice Department Probes Goodyear's Handling of Recalled Tire

Goodyear maintains the tire, which was recalled in June and used mainly for RVs, isn't defective.

2 months ago - WSJ

Will 2023 be a Good Year for Goodyear Tire Stock?

The Goodyear Tire and Rubber Company (NYSE: GT) stock fell just over (-50%) in 2022. The biggest issue plaguing its business has been continued cost inflation and the impacts of a strong U.S. dollar. ...

2 months ago - MarketBeat

Goodyear CEO on launch of sustainable tires: ‘What our customers are asking for'

This segment originally aired on January 6, 2023. The Goodyear Tire & Rubber Company CEO Rich Kramer joins Yahoo Finance Live to discuss the launch of 90% sustainable tires, aiming for tires that are ...

2 months ago - Yahoo Finance

Goodyear, Gatik say tire tech is key to bringing AVs to winter climates

Cars become an extension of the body when humans drive; we can feel the lack of grip in our car's tires when driving over icy or wet roads. Autonomous vehicles don't exactly have the same sensory abil...

3 months ago - TechCrunch

GOODYEAR AND GATIK DEMONSTRATE CAPABILITY TO ACCURATELY ESTIMATE TIRE-ROAD FRICTION POTENTIAL

AKRON, Ohio , Jan. 4, 2023 /PRNewswire/ -- In an important step towards safer and more sustainable goods movement through autonomous transportation, Goodyear (NASDAQ: GT) and Gatik have demonstrated, ...

3 months ago - PRNewsWire

GOODYEAR UNVEILS 90% SUSTAINABLE-MATERIAL DEMONSTRATION TIRE, APPROVED FOR ROAD USE

Shares plans to produce and sell a tire with up to 70% sustainable-material content in 2023. AKRON, Ohio , Jan. 4, 2023 /PRNewswire/ -- Today, The Goodyear Tire & Rubber Company (NASDAQ: GT) unveiled ...

3 months ago - PRNewsWire

TIRE ART MASCOTS FOR BOWL-BOUND TEAMS CELEBRATED AT THE 87TH GOODYEAR COTTON BOWL CLASSIC

Intricate tire-fabricated sculptures of USC and Tulane mascots displayed at major events leading up to Goodyear Cotton Bowl Classic on Jan. 2 AKRON, Ohio , Dec. 30, 2022 /PRNewswire/ -- Goodyear (NASD...

3 months ago - PRNewsWire

Goodyear names Christina Zamarro its new CFO

Goodyear Tire & Rubber Company said Wednesday it has appointed Christina Zamarro as its new chief financial officer, reporting to Chief Executive Officer Richard J. Kramer. Zamarro will succeed Darren...

3 months ago - Market Watch