Tower International, Inc. (NYSE:TOWR) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $3.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.63. The company issued revenue guidance of $2.05 billion, compared to the consensus revenue estimate of $1.97 billion.

A number of equities research analysts have issued reports on the stock. ValuEngine downgraded shares of Tower International from a strong-buy rating to a buy rating in a research report on Friday, August 11th. Zacks Investment Research downgraded shares of Tower International from a buy rating to a hold rating in a research report on Tuesday, October 24th. BidaskClub upgraded shares of Tower International from a sell rating to a hold rating in a research report on Thursday, August 3rd. Finally, TheStreet upgraded shares of Tower International from a c+ rating to a b rating in a research report on Thursday, September 28th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Tower International has an average rating of Buy and a consensus target price of $32.25.

Shares of Tower International, Inc. (NYSE:TOWR) opened at 27.45 on Monday. The firm has a 50-day moving average of $26.35 and a 200-day moving average of $24.23. Tower International, Inc. has a 52-week low of $20.85 and a 52-week high of $30.50. The stock has a market cap of $563.30 million, a P/E ratio of 7.99 and a beta of 2.69.

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, November 9th. This is a positive change from Tower International’s previous quarterly dividend of $0.11. Tower International’s payout ratio is currently 12.87%.

TRADEMARK VIOLATION WARNING: “Tower International, Inc. (TOWR) Updates FY17 Earnings Guidance” was originally reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at

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).

Receive News & Ratings for Tower International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tower International Inc. and related companies with's FREE daily email newsletter.