The Goodyear Tire & Rubber Company (NASDAQ:GT) has been conditionally selected as a supplier by Airbus to provide its Flight Radial tires as main and nose landing gear for Airbus’ new A321XLR aircraft. The Flight Radial, one of Goodyear’s most advanced aviation products, incorporates Goodyear Featherweight Alloy Core Bead Technology and strong, rigid tread belts with enhanced rubber that offer dimensional stability, longer service life and increased cut resistance.
Technical Stock Analysis
The Goodyear Tire & Rubber Company (NASDAQ:GT), a Consumer Goods sector firm, traded 4.29 Million shares in last trading session and stock added 0.93% with closing price of $15.18 per share. Company gross margins represents its total sales revenue minus its cost of goods sold (COGS), divided by the total sales revenue earned by the company, expressed as a percentage. And its good to know that the higher that percentage, the more the company retains on each dollar of sales, to service its other costs and the debt obligations, and The Goodyear Tire & Rubber Company (NASDAQ:GT)’s gross margin stands at 22.20%.
Investment Worthy Stock or not?
For personal guess ROI is usually expressed as a percentage and is typically used for taking any financial decisions, for the purpose of comparing a The Goodyear Tire & Rubber Company (NASDAQ:GT)’s profitability or to compare the efficiency of different investments, hence, GT return on investment (ROI) is 9.10%.
52-Week Range
52-Week Range are valuable stats for watching The Goodyear Tire & Rubber Company (NASDAQ:GT)’s past year fluctuation as that gives investors an idea of how much the security has moved in the last year and whether it is trading near the top, middle or bottom of the range. The Goodyear Tire & Rubber Company (NASDAQ:GT)’s stock value has moved between $13.2 – 25.3 in last one year.
Analyst’s Views
Analysts mean target price for The Goodyear Tire & Rubber Company (NASDAQ:GT) is $18.14 while analysts mean recommendation is 2.50.
Stock Performance
Its weekly performance is 2.36% while year to date (YTD) performance is -25.62%.
EPS Growth
Earnings per share growth is defined as the percentage change in normalised earnings per share over the previous 12 month period to the latest year end. It gives a good picture of the rate at which a company has grown its profitability. The Goodyear Tire & Rubber Company (NASDAQ:GT)’s EPS growth this year is 15.00%. For best decision making investors should look at The Goodyear Tire & Rubber Company (NASDAQ:GT)’s EPS growth for next year stands at 27.85%.
