Stock Market Watch

Cooper Tire & Rubber Company – Demand for broad-line tires exists

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Cooper Tire & Rubber Company (NYSE:CTB). Last Market Price: 14.7, Change: +0.37, % Change: (2.58%). Shares trade in the range of 13.25 – 14.76 dollars. It has a market capitalization of 915.19M dollars, making it a Small Cap Stock and has 62.26M outstanding shares. The company has a beta of 2.41, indicating, the stock to be more volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 1.78; P/E of 8.24 indicating that the stock may be undervalued. It operates in Consumer Cyclical sector and belongs to Tires industry. Percentage shares held by institutional investors is 87%. The company has a 52 week Price range (low – high) of $ 9.64 – 27.73. Average volumes of shares traded daily are 1,190,000. Volume traded in the last session was at 990,735, 0.83 times the average volume.

  • Reports Q3 (Sep)
    • EPS of $0.27 , worse than the estimates
    • Revenues rose 19.3% year on year to $1.05 billion
  • States: We continue to believe that pent-up demand for broad-line tires exists, although it is difficult to predict exactly when that demand will manifest. Raw materials have shown signs of stabilizing, but these costs remain at elevated levels and are inherently volatile. We believe the Company’s raw material index will decline sequentially by less than 5 percent from the third quarter to the fourth quarter

For Q2 (Jun ’11), It had a Net profit margin of 1.57%, an Operating margin of 2.63%. Other Key stats and ratios are : Return on average assets of 2.47%, Return on average equity of 10.44%. The organization has an employee strength of 12,898

Consensus Recommendation is a Outperform.


Estimate for sales for the Year Ending Dec-11 show a mean of 3,895.53 million dollars, an estimate high of 4,077.15 million dollars and an estimate low of 3,776.00 million dollars. A year ago the figures stood at 3,556.44 million dollars.

Estimate for sales for the Year Ending Dec-12 show a mean of 4,254.33 million dollars, an estimate high of 4,616.77 million dollars and an estimate low of 4,093.17 million dollars. A year ago the figures stood at 3,812.71 million dollars.

Estimate for EPS for the Year Ending Dec-11 show a mean of 1.12 dollars, an estimate high of 1.43 dollars and an estimate low of 0.80 dollars. A year ago the figures stood at 2.31 dollars.

Estimate for EPS for the Year Ending Dec-12 show a mean of 1.70 dollars, an estimate high of 2.36 dollars and an estimate low of 0.98 dollars. A year ago the figures stood at 2.50 dollars.

Sales for Quarter Ending Jun-11 was estimated at 979.90 million dollars, however the actual sales figure stood at 922.21 million dollars, 57.69 million dollars less than estimates.

Sales for Quarter Ending Mar-11 was estimated at 909.24 million dollars, however the actual sales figure stood at 905.96 million dollars, 3.28 million dollars less than estimates.

edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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