Cooper Tire & Rubber
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Cooper Tire & Rubber missed slightly on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Margins grew across the board.
Cooper Tire & Rubber logged revenue of $1.10 billion. The five analysts polled by S&P Capital IQ hoped for revenue of $1.11 billion on the same basis. GAAP reported sales were 4.0% higher than the prior-year quarter's $1.05 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.17. The eight earnings estimates compiled by S&P Capital IQ predicted $0.87 per share. GAAP EPS of $1.17 for Q3 were 333% higher than the prior-year quarter's $0.27 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 18.1%, 930 basis points better than the prior-year quarter. Operating margin was 11.8%, 730 basis points better than the prior-year quarter. Net margin was 6.8%, 520 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.07 billion. On the bottom line, the average EPS estimate is $0.63.
Next year's average estimate for revenue is $4.24 billion. The average EPS estimate is $2.62.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 214 members out of 264 rating the stock outperform, and 50 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Cooper Tire & Rubber a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cooper Tire & Rubber is outperform, with an average price target of $24.67.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Cooper Tire & Rubber. Learn how to maximize your investment income and get "The 3 DOW Stocks Dividend Investors Need." Click here for instant access to this free report.
- Add Cooper Tire & Rubber to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.