Cooper Tire (CTB) To Grow From Network Expansion In The US
Zacks Investment Research | Feb 13, 2018 08:57PM ET
On Feb 13, we issued an updated research report on the tire manufacturer and seller, Cooper Tire & Rubber Company (NYSE:CTB) .
The company is slated to announce its fourth-quarter and fiscal 2017 earnings on Feb 20, 2018. For full-year 2017, it expects the operating margin to be at the higher end of the previously announced mid-term target of 8-10%. Further, Cooper Tire expects capital expenditure within the band of $190-$210 million.
In order to improve its business operations, the company has been focusing on expanding product distribution network in the United States. At the beginning of February, Cooper Tire announced its decision to open an additional warehouse in Byhalia, MS. Additionally, its good-quality brands, loyal customer base, efficient workforce and strong technical capabilities help the company to reinforce its position in the market.
Cooper Tire & Rubber Company Price and Consensus
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