Cooper Tire & Rubber Company Reports First Quarter 2016 Results
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Jefferies Cut Price Target as Cooper Tire (CTB) Predicts a Raise in Material Costs
May 2, 2016 9:04 AM EDTJefferies maintained a Hold rating on Cooper Tire & Rubber (NYSE: CTB), and cut the price target to $37.00 (from $41.00), following the company's 1Q earnings report. CTB reported an EPS of $1.05, beating the consensus estimate of $0.97. Management forecasts a modest sequential uptick in raw... More
Cooper Tire (CTB) Tops Q1 EPS by 8c
April 29, 2016 7:05 AM EDTCooper Tire (NYSE: CTB) reported Q1 EPS of $1.05, $0.08 better than the analyst estimate of $0.97. Revenue for the quarter came in at $650 million versus the consensus estimate of $673.18 million.
Outlook
First quarter raw material costs decreased 10.1 percent from the fourth quarter of 2015, with the companys internal raw material index decreasing from... More
