Cooper Tire & Rubber Company (NYSE: CTB) will announce first quarter 2020 financial results before the U.S. stock markets open on Thursday, May 7, 2020. Management will discuss the financial results and provide a business update on a conference call beginning at 10 a.m. EDT that day.

Cooper Tire (CTB) delivered earnings and revenue surprises of 40.00% and -1.93%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Cooper Tire & Rubber Company (NYSE: CTB) today announced that its tire manufacturing plants in the United States and Mexico will remain closed for at least another two weeks to protect the health and safety of employees and to respond to market demand that has been impacted by coronavirus. The company will continue to closely monitor the situation and adjust timing as necessary.

The coronavirus pandemic has caused a sharp drop-off in demand for tires and cars, causing manufacturers across North and South America to furlough workers and implement partial factory shutdowns.Audi, General Motors Company (NYSE: GM), Nissan Motor Co., Ltd. (OTCMKTS:NSANY), Volkswagen AG (OTCMKTS:VWAGY), Toyota Motor Corporation (NYSE: TM), Honda Motor Co., Ltd. (NYSE: HMC), Fiat Chrysler Automobiles N.V. (NYSE: FCAU), Mazda Motor Corporation (OTCMKTS:MZDAY), Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BMWYY) and Ford Motor Company (NYSE: F) have announced plans to suspend production at factories in Mexico and the United States.In Mexico, the plant closures took effect Monday and will extend to March 30 for several companies, with other companies setting tentative reopening dates in mid-April.The Ford Motor Company factory in Hermosillo, Mexico, and Ford's other North American plants will not reopen on March 30, according to a recent release from the company.Ford's Hermosillo plant employs 3,650 workers and assembles Fusions and Lincoln MKZs."We are assessing various options and working with union leaders – including the United Auto Workers and Unifor – on the optimal timing for resuming vehicle production, keeping the well-being of our workforce top of mind," Kumar Galhotra, Ford's president of North America, said in a release. Nissan, which is suspending its manufacturing in Mexico from Wednesday to April 14, noted that no auto factory workers have tested positive for the coronavirus yet."There are currently no cases of the coronavirus in any Nissan installation [in Mexico]," Nissan officials said in a release. "The other areas essential to the company will function with optimal security measures."In addition, Bridgestone Corporation (OTCMKTS:BRDCY), The Goodyear Tire & Rubber Company (NASDAQ: GT) and Cooper Tire & Rubber Company (NYSE: CTB) all recently announced temporary shutdowns of manufacturing facilities in the United States, Mexico and South America.Cooper Tire & Rubber said starting Monday it will temporarily shut down its U.S. and Mexico plants on rolling schedules for the next two to three weeks."Cooper is closely monitoring supply chain and product inventory levels as the company focuses on continuing to serve customers," it said in a release. "Cooper believes it currently has sufficient supply of product and will continue to operate distribution centres until further notice to meet customer needs."In November, Cooper Tire increased its ownership stake to 100% at its tire plant in Guadalajara, Mexico. Cooper Tire had been involved in a venture partnership at the plant with Trabajadores Democráticos de Occidente (TRADOC), which has owned 42% of the plant since 2008.Bridgestone has manufacturing facilities in the cities of León and Cuernavaca, Mexico. The company said in a release the temporary shutdown will be at least until April 12."The company will continue to monitor the situation closely and adjust response plans and activities as necessary," Bridgestone said in a release.See more from Benzinga * Bailout: Airlines vs. Airports * Commentary: The Role Location And People Play In The Supply Chain * Weekly Fuel Report: March 23rd(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

With the start of its racing season delayed due to coronavirus, the Road to Indy Presented by Cooper Tires has gone virtual with a new five-race e-series. The e-series allows drivers from Indy Lights Presented by Cooper Tires, the Indy Pro 2000 Championship Presented by Cooper Tires and the Cooper Tires USF2000 Championship to compete against one another using race simulators.

China’s constantly shifting methodology for counting the number of cases of the coronavirus that causes COVID-19 has led it to greatly understate the numbers and the true tally may be four times the official figures, according to a new study by researchers in Hong Kong.

Cooper Tire & Rubber Company (NYSE: CTB) today announced it plans to restart operations at its tire manufacturing plant in El Salto, Mexico beginning April 13. Measures to protect the health and safety of employees, including social distancing, additional cleaning and disinfecting of facilities, restricted visitor access and other necessary steps will be in effect as employees return to work. Announcement of the plant’s temporary closure due to coronavirus impacts was made March 21.

Cooper Tire & Rubber Company (NYSE: CTB) today announced that Cooper Tire Europe plans to begin the process of reopening its manufacturing plant in Melksham, England, in the first half of June, and expects to be producing tires there by June 15. The facility, which primarily manufactures motorcycle and racing tires, has been temporarily closed since late March due to coronavirus and its impacts.

Cooper Tire & Rubber Company (NYSE: CTB) today announced a quarterly dividend of 10.5 cents per share on common stock, payable June 26, 2020 to stockholders of record at the close of business June 1, 2020. This will mark the 193rd consecutive quarterly dividend paid by Cooper Tire & Rubber Company.

Rating Action: Moody's places ratings of 25 US auto and commercial vehicle parts suppliers, and certain logistics providers under review for downgrade. Global Credit Research- 26 Mar 2020. New York, March ...

Cooper Tire (CTB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Cooper Tire & Rubber Company (NYSE: CTB) today reported a first quarter 2020 net loss of $12 million, or diluted loss per share of $0.23, compared with net income of $7 million, or $0.14 diluted earnings per share, for the same period last year.

Cooper Tire & Rubber Co. said Thursday that that it will begin the process of reopening and ramping production at its manufacturing facilities in the U.S. next week. The facilities, which have been closed for about five weeks as a result of the COVID-19 pandemic, include locations in Findlay, Ohio; Clarksdale and Tupelo, Mississippi; and Texarkana, Arkansas. The tire maker said it will have to close its Mexico plant again, starting April 28, after it was reopened on April 13, after Mexico government determined the plant was a non-essential business. The company also said it will reopen its plant in Krusevac, Serbia, while its Melksham, England plant remains closed. The stock, which is still inactive in premarket trading, has dropped 33.8% year to date, while the S&P 500 has lost 13.4%.

Image source: The Motley Fool. Cooper Tire & Rubber Co (NYSE: CTB)Q1 2020 Earnings CallMay 8, 2020, 11:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning, and welcome to Cooper Tire & Rubber Company's first quarter earnings call and webcast.

Cooper Tire & Rubber Company (NYSE: CTB) today announced that its manufacturing plants in the United States and Serbia will begin the process of reopening and ramping up production next week. The facilities have been temporarily closed for approximately five weeks due to coronavirus and its impacts.

Cooper Tire (CTB) production halt at its plants will proceed on a rolling schedule over the coming week, with facilities expected to be closed for two to three weeks.

Cooper Tire (CTB) suspends 2020 guidance as it expects the coronavirus pandemic's impact to strain its operations in the days to come.

Cooper Tire & Rubber Company (NYSE: CTB) today announced that its tire manufacturing facilities in Europe will temporarily shut down to protect the health and safety of employees and respond to market demand that has been impacted by coronavirus.

Cooper Tire (CTB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Q1 2020 Cooper Tire & Rubber Co Earnings Call