Stocks Active on Selling Boundary: Goodyear Tire & Rubber (NASDAQ:GT), Euronet Worldwide (NASDAQ:EEFT)

The Goodyear Tire & Rubber Company (NASDAQ:GT) [Trend Analysis] luring active investment momentum, shares a decrease -0.34% to $32.13. Goodyear Tire & Rubber Co. (GT) said that its board surged share repurchase authorization by $1.0 billion. It confirmed its 2020 financial targets and capital allocation plan.

“While we expect raw material inflation to be a important headwind in 2017, the combination of Goodyear’s innovation leadership, award-winning products and strong global brand creates an industry-leading value proposition and competitive advantage…We remain confident in our strategy of capturing profitable growth in key sections of the market and in delivering our 2020 targets,” said Richard J. Kramer, chairman and chief executive officer.

As a result of the continued escalation of raw material costs and the timing of the corresponding contractual adjustments to pricing with certain of its consumers, the company expects flat year-over-year section operating income in 2017 compared to 2016. The total volume of 5.58 Million shares held in the session was surprisingly higher than its average volume of 2911.42 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -87.20%, and looking further price to next year’s EPS is 8.16%. While take a short look on price to sales ratio, that was 0.54 and price to earnings ratio of 26.51 attracting passive investors.

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) [Trend Analysis] runs in leading trade, it moving up 6.11% to traded at $76.90. The firm has price volatility of 2.61% for a week and 1.71% for a month. Its beta stands at 1.37 times. Euronet Worldwide Inc. (EEFT) declared that its Q4 profit of $28.9 million. On a per-share basis, the Leawood, Kansas-based Company said it had net income of 54 cents. Earnings, adjusted for non-recurring costs and amortization costs, were 99 cents per share. The results met Wall Street expectations.

The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 99 cents per share. The electronic payments and transactions processor posted revenue of $519.8 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $504.2 million. For the year, the company declared profit of $174.4 million, or $3.23 per share. Revenue was declared as $1.96 billion. Narrow down four to firm performance, its weekly performance was 7.94% and monthly performance was 4.03%. The stock price of EEFT is moving up from its 20 days moving average with 6.32% and isolated positively from 50 days moving average with 5.38%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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