Equities research analysts forecast that Tower International, Inc. (NYSE:TOWR) will post $0.93 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Tower International’s earnings. The highest EPS estimate is $0.95 and the lowest is $0.91. Tower International reported earnings of $0.81 per share in the same quarter last year, which would indicate a positive year over year growth rate of 14.8%. The business is expected to report its next quarterly earnings results on Tuesday, July 25th.

According to Zacks, analysts expect that Tower International will report full-year earnings of $3.65 per share for the current year, with EPS estimates ranging from $3.55 to $3.80. For the next year, analysts expect that the company will post earnings of $4.02 per share, with EPS estimates ranging from $3.85 to $4.30. Zacks’ EPS averages are an average based on a survey of research firms that cover Tower International.

Tower International (NYSE:TOWR) last posted its quarterly earnings results on Tuesday, May 2nd. The auto parts company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.16. Tower International had a net margin of 2.47% and a return on equity of 33.60%. The firm had revenue of $497.60 million during the quarter, compared to the consensus estimate of $476.75 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis.

A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Tower International from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Citigroup Inc. cut shares of Tower International from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $29.00 to $30.00 in a research report on Wednesday, February 15th. ValuEngine cut shares of Tower International from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, FBR & Co restated an “outperform” rating and set a $40.00 target price on shares of Tower International in a research report on Wednesday, February 15th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Tower International has an average rating of “Hold” and an average price target of $31.17.

Institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System boosted its position in shares of Tower International by 3.2% in the first quarter. California Public Employees Retirement System now owns 121,600 shares of the auto parts company’s stock worth $3,295,000 after buying an additional 3,800 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Tower International by 2.6% in the first quarter. Teachers Advisors LLC now owns 37,704 shares of the auto parts company’s stock worth $1,022,000 after buying an additional 949 shares during the last quarter. American International Group Inc. boosted its position in shares of Tower International by 7.1% in the first quarter. American International Group Inc. now owns 12,627 shares of the auto parts company’s stock worth $342,000 after buying an additional 833 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Tower International by 32.7% in the first quarter. SG Americas Securities LLC now owns 5,944 shares of the auto parts company’s stock worth $161,000 after buying an additional 1,464 shares during the last quarter. Finally, Martingale Asset Management L P boosted its position in shares of Tower International by 93.8% in the first quarter. Martingale Asset Management L P now owns 49,625 shares of the auto parts company’s stock worth $1,345,000 after buying an additional 24,025 shares during the last quarter. Institutional investors own 90.75% of the company’s stock.

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Shares of Tower International (NYSE TOWR) opened at 22.75 on Thursday. The company has a market cap of $466.12 million, a P/E ratio of 10.08 and a beta of 2.40. Tower International has a 1-year low of $18.75 and a 1-year high of $30.50. The stock’s 50 day moving average is $24.51 and its 200 day moving average is $26.32.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Wednesday, May 10th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Monday, May 8th. Tower International’s payout ratio is currently 19.38%.

Tower International Company Profile

Tower International, Inc is a global manufacturer of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers (OEMs). The Company’s product portfolio includes body-structure stampings, frame and other chassis structures, and welded assemblies for small and large cars, crossovers, pickups and sport utility vehicles (SUVs).

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