NEW YORK (TheStreet) -- Shares of Cooper Tire & Rubber Co. (CTB) - Get Report are climbing 3.5% to $39.05 on heavy trading volume Tuesday afternoon following the release of its 2015 fourth quarter results.
Before today's opening bell, the Findlay, OH-based tire maker posted earnings of $1.04 per diluted share, topping analysts' expectations for earnings of 73 cents per share.
Revenue for the period was $775.55 million, surpassing Wall Street's estimates of $762.25 million.
"Our fourth quarter and full year performance was very strong, with unit volume increases in all regions and excellent operating profit," CEO Roy Armes said in a statement.
"In 2015, we broadened our global reach and capabilities through expansion in Latin America and strategic partnerships," he added.
Cooper is a manufacturer and marketer of replacement tires.
About 1.06 million of the company's shares were traded by this afternoon, well above its average volume of 604,912 shares per day.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.
This is driven by multiple strengths, which should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks covered.
The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, notable return on equity and impressive record of earnings per share growth.
The team believes its strengths outweigh the fact that the company shows weak operating cash flow.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: CTB