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Goodyear Tire & Rubber Company (NASDAQ:GT)’s new global headquarters at Akron

Boston, MA 05/21/2013 (wallstreetpr) – Monday’s trading session saw The Goodyear Tire & Rubber Company (NASDAQ:GT) down by 0.14%. It closed at a price of $14.72 which reached an intraday high of $14.85 before heading down to close at $14.47 per share. The average volume of 5 million was measured over a 30-day period

The company revenue was $20.31 billion, over the trailing twelve months. Over the past five years, sales have risen by 1.34%. GT has seen a -12.29% quarter-on-quarter growth. The Earnings per share over the past twelve months is $0.82. The EPS estimates for the next quarter is $0.47 while it is $2.47 for the entire year. This will be a -37.42% growth. The decrease in earnings will also mean a downside in the company stock. There is expected to be around about 41.00% growth in the EPS over the next five years. At the current levels, the company has a 110.28% return on equity. This indicates that GT shareholders are gaining on the stock, and reflects well on the company. The company’s market capitalization is $3.77 billion. On Monday, The Goodyear Tire & Rubber Company (NASDAQ:GT) inaugurated its new global headquarters at Akron.

GT is a tire manufacturing company. With its subsidiaries and its joint ventures, the company develops, manufactures as well as markets and distributes tires that are used in a range of applications.

Published by Duncan Oleinic

Duncan Oleinic is from New Yourk. After graduating with a degree in physics, he began his career as an analyst in a broking firm. Through this experience he was able to advance to the role of correspondent for a U.S based financial news provider, where he worked from 2001 to 2007. He subsequently joined a merchant banking firm as a financial analyst focused on valuing unlisted companies in the sub-continent. Over the course of his two years here, he performed valuations of several media companies which were later acquired by peers.



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