Equities research analysts predict that Tower International, Inc. (NYSE:TOWR) will report earnings per share of $0.77 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Tower International’s earnings, with the highest EPS estimate coming in at $0.82 and the lowest estimate coming in at $0.75. Tower International posted earnings of $0.90 per share during the same quarter last year, which would indicate a negative year over year growth rate of 14.4%. The business is scheduled to announce its next earnings report on Wednesday, November 1st.

On average, analysts expect that Tower International will report full-year earnings of $3.65 per share for the current financial year, with EPS estimates ranging from $3.60 to $3.75. For the next year, analysts forecast that the firm will post earnings of $3.97 per share, with EPS estimates ranging from $3.80 to $4.15. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Tower International.

Tower International (NYSE:TOWR) last issued its quarterly earnings data on Wednesday, July 26th. The auto parts company reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.05. Tower International had a net margin of 3.76% and a return on equity of 33.20%. The company had revenue of $489.93 million for the quarter, compared to the consensus estimate of $494.87 million. During the same period last year, the firm posted $0.81 EPS. Tower International’s revenue for the quarter was down 3.0% on a year-over-year basis.

TOWR has been the topic of a number of research reports. Zacks Investment Research raised shares of Tower International from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Wednesday, April 26th. ValuEngine cut shares of Tower International from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub raised shares of Tower International from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, FBR & Co reissued an “outperform” rating and set a $40.00 target price on shares of Tower International in a report on Friday, June 30th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $31.25.

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Several hedge funds have recently modified their holdings of the company. SG Americas Securities LLC boosted its stake 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 period. Bowling Portfolio Management LLC purchased a new position in Tower International during the second quarter valued at approximately $225,000. Gamco Investors INC. ET AL raised its position in Tower International by 9.1% in the first quarter. Gamco Investors INC. ET AL now owns 10,800 shares of the auto parts company’s stock valued at $293,000 after buying an additional 900 shares in the last quarter. Cigna Investments Inc. New purchased a new position in Tower International during the second quarter valued at approximately $317,000. Finally, American International Group Inc. raised its position in 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 valued at $342,000 after buying an additional 833 shares in the last quarter. 91.40% of the stock is currently owned by institutional investors.

Shares of Tower International (NYSE TOWR) traded up 1.14% on Friday, reaching $22.10. 81,866 shares of the company’s stock traded hands. The company has a 50 day moving average of $23.04 and a 200-day moving average of $24.80. Tower International has a 52 week low of $20.85 and a 52 week high of $30.50. The stock has a market capitalization of $453.51 million, a PE ratio of 6.84 and a beta of 2.59.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.11 per share. The ex-dividend date is Tuesday, August 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.99%. Tower International’s dividend payout ratio (DPR) is 12.87%.

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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