Rubber & Plastics

(CTB) Cooper Tire and Rubber- Bull of the Day

Cooper Tire & Rubber (CTB) is making a concerted effort to reduce costs and increase efficiency in each of its plants in order to mitigate pressure on margins. Moreover, the company’s North American operation is also performing...

26Nov2012 | | Comments Off on (CTB) Cooper Tire and Rubber- Bull of the Day | Continued

(GT) Goodyear Tire & Rubber – Bull of the Day

Goodyear Tire & Rubber Company (GT) is one of the largest tire manufacturing companies around the world. The company expects to benefit from new product launches and cost reduction programs. It has targeted $1 billion of gross savings...

15Nov2011 | | 0 comments | Continued

(CTB) Cooper Tire & Rubber Company Reports Mixed Second Quarter

Cooper Tire & Rubber Company (CTB) delivered a net income of 18 cents per share from continuing operations in the second quarter of 2011, down significantly from 30 cents per share reported in the year-ago quarter. Reported net...

5Aug2011 | | 0 comments | Continued

(CTB) Cooper Tire & Rubber Analyst Downgrades Shares to Underperform

We downgrade our recommendation on Cooper Tire & Rubber Co. (CTB) to Underperform from Neutral. Based in Findlay, Ohio, Cooper Tire is the ninth largest tire company in the world and is also one of the 350 large companies in America....

5Jul2011 | | 0 comments | Continued

($GT) Goodyear Rated Strong Buy by ValuEngine.com

Goodyear (GT) is one of the world’s largest tire companies. The company manufactures tires, engineered rubber products and chemicals in facilities in numerous countries. It has marketing operations in almost every country around...

3May2011 | | 0 comments | Continued

(GT) Goodyear Tire & Rubber Closes Preferred Offer

Goodyear Tire & Rubber Co. (GT) announced the closing of its public offering of mandatorily convertible preferred stock, which commenced on March 28, 2011. In addition to the 8.7 million shares offered, the underwriters also exercised...

3Apr2011 | | 0 comments | Continued

(GT) Goodyear Tire & Rubber Offers Preferred Stock

Goodyear Tire & Rubber Co. (GT) plans to make a public offering of $435 million of mandatory convertible preferred stock for the first time in history. The offering consists of 8.7 million shares at an average price of $50. The...

2Apr2011 | | 0 comments | Continued

(CTB) Cooper Tire & Rubber Company Reports Quarterly Earnings Profit Skid

Cooper Tire & Rubber Company (CTB) reported a profit of $41.2 million or 65 cents per share in the fourth quarter of 2010, falling short of the Zacks Consensus Estimate by a penny. The profit fell 19.5% from $51.2 million or 82...

4Mar2011 | | 0 comments | Continued

(CTB) Cooper Tire & Rubber Company Buys Chinese Plant

Cooper Tire & Rubber Company (CTB) has decided to fully own the China-based Cooper Kenda Tire (“CKT”), which will cease to have a 50-50 joint venture. In this regard, an agreement has been reached with the concerned parties...

4Mar2011 | | 0 comments | Continued

(CTB) Cooper Tire & Rubber Company – Strong Sales Growth

Shares of Cooper Tire & Rubber Company (CTB) have been surging lately. Despite rising commodity prices, the tire maker recently reported a solid third quarter marked by higher sales and better than expected profitability.

Analysts have been revising...

5Nov2010 | | 0 comments | Continued

(CTB) Cooper Tire & Rubber Company Earnings Drop 18%

Cooper Tire & Rubber Company (CTB) showed an 18% fall in profit to $49.4 million in the third quarter of 2010 from $60.2 million in the same quarter of prior year (all excluding the restructuring charges related to the closure...

4Nov2010 | | 0 comments | Continued

(GT) Goodyear Tire & Rubber Company Far Exceeds Expectations

Goodyear Tire & Rubber Company (GT) saw a profit of $31 million or 12 cents per share (excluding special items) in the second quarter of the year in sharp contrast to a loss of $240 million or $1.00 per share (excluding special...

1Aug2010 | | 0 comments | Continued

(CTB) Cooper Tire & Rubber – Rising earnings Estimates – Good Valuations

Cooper Tire & Rubber Co. (CTB) shares set a new 52-week high after its latest quarterly release. Sales, estimates and the outlook are all improving.

Company Description

Cooper Tire & Rubber Co....

24May2010 | | 0 comments | Continued

(GT) Goodyear Tire Reports Good Quarter

Goodyear Tire (GT) posted a net income of $41 million or 18 cents per share (excluding special items) for the first quarter of 2010, in sharp contrast to a loss of $285 million or $1.19 per share (excluding special items) in the same...

29Apr2010 | | 0 comments | Continued

(ATR) Aptargroup First Quarter Earnings Beats the Street

Aptargroup Inc. (ATR) posted first-quarter 2010 results after the closing bell on Thursday. The company recorded a strong 46.3% growth in net income to $39.0 million, or 56 cents per share from $26.7 million, or 38 cents per share...

19Apr2010 | | 0 comments | Continued

(SHLM) A. Schulman Earnings Miss Expectations

A. Schulman Inc. (SHLM) recently posted a fiscal 2010 second-quarter net loss of $6.8 million, compared to a loss of $10.5 million in the year-ago quarter. Excluding special items, adjusted earnings per share came in at 12 cents,...

6Apr2010 | | 0 comments | Continued

(SHLM) A. Schulman Incorporated – Earnings Beat by 91.9% in the Fiscal First Quarter

A. Schulman Inc. (SHLM) has been acquiring new businesses in the last 4 months as the global recession eases. SHLM has surprised on the Zacks Consensus Estimate 3 out of the last 4 quarters by an average of 91.9%.

Company...

29Mar2010 | | 0 comments | Continued

(CTB) Cooper Tire & Rubber Company Exceeds Estimates

Cooper Tire & Rubber Company (CTB) posted a profit of $49.6 million or 53 cents per share in the fourth quarter of 2009, in sharp contrast to a loss of $2.43 per share in the same quarter a year ago. With this, the company has...

3Mar2010 | | 0 comments | Continued

(GT) Goodyear Tire Hurt by Venezuela’s Currency Devaluation

Goodyear Tire’s (GT) operation in Venezuela, which contributes a significant portion of the company’s Latin American Tire sales and operating income, has been significantly affected by the Venezuelan government’s decision to introduce...

19Jan2010 | | 0 comments | Continued

(SEH) Spartech’s Fourth Quarter Results Miss Expectations

Spartech Corp. (SEH) posted fiscal 2009 fourth-quarter results after the closing bell on Monday. The company swung to a net profit of $8.2 million, from a net loss of $197.4 million in the year-ago quarter. The prior-year quarter included...

16Dec2009 | | 0 comments | Continued

(CTB) Cooper Tire & Rubber Company – Earnings Beat Expectations – Consensus Estimates Jump

Cooper Tire & Rubber Company (CTB) has surprised on estimates 4 consecutive quarters by an average of 330.99%. The company trades is attractively valued with a forward P/E of 10.6.

Company Description

Cooper...

20Nov2009 | | 0 comments | Continued

(GT) Goodyear Tire Hikes Prices

Goodyear Tire (GT) announced its first price increase in more than a year on the back of higher raw material costs. The company has raised the price of tires sold in North America by 6% on top of a 10% price rise in September last year.

Goodyear...

14Nov2009 | | 0 comments | Continued

(CTB) Cooper Tire & Rubber – Bull of the Day

Cooper Tire & Rubber Co. (CTB) is well positioned to enjoy improved operating costs, greater geographic flexibility and the ability to penetrate international markets through its investments and facilities in low-cost countries.

The...

28Oct2009 | | 0 comments | Continued

(GT) Goodyear Tire & Rubber Co. – Earnings Preview

Goodyear Tire & Rubber Co. (GT) will release its sales and earnings results for the third quarter before the markets open on Wednesday, Oct 28. The Akron, Ohio-based tire manufacturing company – one of the largest worldwide – reported a net loss of $221 million or 92 cents...

20Oct2009 | | 0 comments | Continued

(SHLM) A. Schulman Down, But Not Out

A. Schulman Inc. (SHLM) reported fiscal fourth-quarter results before the opening bell today. The company swung to a GAAP net loss of $7.9 million from a GAAP net profit of $4.7 million in the year-ago quarter. Excluding charges related to restructuring and asset impairment, adjusted...

20Oct2009 | | 0 comments | Continued

(GT) Goodyear Tire & Rubber Company to Save $215 Million With United Steel Workers Deal

The Goodyear Tire & Rubber Company (GT) has revealed details about its master labor contract, ratified by members of the United Steel Workers (USW) union on Sep 18. The master contract covered about 10,300 employees at seven tire plants in the U.S. The plants are in Akron , Ohio...

6Oct2009 | | 0 comments | Continued

(GT) The Goodyear Tire & Rubber Company to Save $215 Million

The Goodyear Tire & Rubber Company (GT) has revealed details about its master labor contract, ratified by members of the United Steel Workers (USW) union on Sep 18. The master contract covered about 10,300 employees at seven tire plants in the U.S. The plants are in Akron, Ohio;...

3Oct2009 | | 0 comments | Continued

(SEH) Spartech Corporation Posts Lackluster Q3

Spartech Corp. (SEH) recently posted lackluster third-quarter results as recessionary conditions affected demand for its products. The company stated that GAAP net income plunged 66% year over year to $1.5 million. Excluding restructuring charges, earnings per share came in at 18...

11Sep2009 | | 0 comments | Continued

(GT) Goodyear Reaches Deal with United Steel Workers

The Goodyear Tire & Rubber Co. (GT) revealed that it reached a tentative four-year agreement on a United Steel Workers deal, about three hours before a midnight deadline for expiration last Saturday. The new contract covers about 10,300 employees at seven tire plants in the U.S....

31Aug2009 | | 0 comments | Continued