Tower International (TOWR) Releases FY18 Earnings Guidance

Tower International (NYSE:TOWR) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $4.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.06. The company issued revenue guidance of $2.14 billion, compared to the consensus revenue estimate of $2.07 billion.

A number of brokerages have issued reports on TOWR. Zacks Investment Research upgraded shares of Tower International from a hold rating to a buy rating and set a $31.00 target price for the company in a research report on Wednesday, October 18th. ValuEngine upgraded shares of Tower International from a buy rating to a strong-buy rating in a research report on Wednesday, October 18th. FBR & Co restated a buy rating and set a $40.00 target price on shares of Tower International in a research report on Tuesday, October 31st. B. Riley restated a buy rating on shares of Tower International in a research report on Wednesday, November 1st. Finally, BidaskClub cut shares of Tower International from a buy rating to a hold rating in a research report on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Tower International presently has an average rating of Buy and an average price target of $35.00.

Shares of Tower International (NYSE TOWR) opened at $27.30 on Tuesday. The company has a market cap of $575.82, a PE ratio of 7.79, a PEG ratio of 0.69 and a beta of 2.48. Tower International has a twelve month low of $21.00 and a twelve month high of $33.65. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 1.32.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 9th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, February 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.76%. Tower International’s dividend payout ratio (DPR) is presently 14.63%.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/13/tower-international-towr-releases-fy18-earnings-guidance.html.

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).

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

Leave a Reply