Tower International, Inc. (TOWR) Set to Announce Quarterly Earnings on Tuesday
Tower International, Inc. (NYSE:TOWR) will be announcing its earnings results before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.77 per share for the quarter.
Tower International (NYSE:TOWR) last posted its earnings results on Wednesday, July 26th. The auto parts company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.92 by $0.05. The company had revenue of $489.93 million during the quarter, compared to the consensus estimate of $494.87 million. Tower International had a net margin of 3.76% and a return on equity of 33.20%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 earnings per share. On average, analysts expect Tower International to post $3.64 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Tower International, Inc. (NYSE:TOWR) opened at 27.50 on Tuesday. Tower International, Inc. has a 52-week low of $20.85 and a 52-week high of $30.50. The company has a market capitalization of $564.33 million, a P/E ratio of 8.00 and a beta of 2.69. The stock’s 50 day moving average is $25.84 and its 200 day moving average is $24.13.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.75%. This is a boost from Tower International’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, November 9th. Tower International’s dividend payout ratio (DPR) is currently 12.87%.
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TOWR has been the subject of several research reports. BidaskClub lowered shares of Tower International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 30th. Zacks Investment Research lowered shares of Tower International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. TheStreet upgraded shares of Tower International from a “c+” rating to a “b” rating in a research note on Thursday, September 28th. ValuEngine upgraded shares of Tower International from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Finally, FBR & Co reiterated an “outperform” rating and issued a $40.00 price target on shares of Tower International in a research note on Friday, June 30th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $32.25.
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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