Tower International, Inc. (TOWR) Set to Announce Earnings on Monday
Tower International, Inc. (NYSE:TOWR) is set to post its quarterly earnings results before the market opens on Monday, July 24th. Analysts expect Tower International to post earnings of $0.93 per share for the quarter. Tower International has set its Q2 guidance at $0.95 EPS and its FY17 guidance at $3.60 EPS.
Tower International (NYSE:TOWR) last announced its quarterly earnings results on Tuesday, May 2nd. The auto parts company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.16. Tower International had a return on equity of 33.60% and a net margin of 2.47%. The business had revenue of $497.60 million during the quarter, compared to analysts’ expectations of $476.75 million. During the same quarter last year, the business posted $0.63 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts expect Tower International to post $3.65 EPS for the current fiscal year and $4.02 EPS for the next fiscal year.
Tower International, Inc. (NYSE:TOWR) opened at 22.90 on Monday. Tower International, Inc. has a 12 month low of $20.85 and a 12 month high of $30.50. The stock has a 50 day moving average price of $23.10 and a 200-day moving average price of $25.90. The stock has a market cap of $469.20 million, a PE ratio of 10.15 and a beta of 2.57.
A number of research firms have recently commented on TOWR. Zacks Investment Research downgraded Tower International from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. FBR & Co reissued an “outperform” rating and issued a $40.00 price objective on shares of Tower International in a research note on Monday, June 12th. Finally, ValuEngine downgraded Tower International from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $31.17.
About Tower International
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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