Wall Street brokerages predict that Tower International Inc (NYSE:TOWR) will announce $0.99 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Tower International’s earnings. The highest EPS estimate is $1.04 and the lowest is $0.94. Tower International reported earnings of $0.85 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.5%. The firm is expected to announce its next quarterly earnings report before the market opens on Monday, October 29th.

According to Zacks, analysts expect that Tower International will report full year earnings of $4.07 per share for the current financial year, with EPS estimates ranging from $4.00 to $4.14. For the next year, analysts anticipate that the firm will post earnings of $4.25 per share, with EPS estimates ranging from $4.08 to $4.65. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Tower International.

Tower International (NYSE:TOWR) last announced its quarterly earnings results on Tuesday, July 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.01. The firm had revenue of $556.01 million for the quarter, compared to the consensus estimate of $554.90 million. Tower International had a return on equity of 28.42% and a net margin of 2.39%. The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 earnings per share.

A number of research analysts have weighed in on TOWR shares. Citigroup lowered their target price on Tower International from $34.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, October 12th. Zacks Investment Research downgraded Tower International from a “hold” rating to a “sell” rating in a report on Friday, July 20th. Finally, ValuEngine downgraded Tower International from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Tower International currently has a consensus rating of “Hold” and an average target price of $34.00.

Hedge funds have recently bought and sold shares of the business. United Services Automobile Association bought a new position in Tower International in the second quarter valued at about $443,000. SG Americas Securities LLC bought a new position in Tower International in the second quarter valued at about $234,000. Hartford Investment Management Co. bought a new position in Tower International in the second quarter valued at about $271,000. Paloma Partners Management Co bought a new position in Tower International in the second quarter valued at about $275,000. Finally, Element Capital Management LLC bought a new position in Tower International in the first quarter valued at about $387,000. 89.95% of the stock is currently owned by institutional investors.

Shares of NYSE:TOWR traded up $0.01 during midday trading on Monday, reaching $25.47. 118,504 shares of the company’s stock traded hands, compared to its average volume of 109,901. The company has a market cap of $524.58 million, a P/E ratio of 6.77, a PEG ratio of 0.78 and a beta of 2.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.16 and a quick ratio of 0.98. Tower International has a one year low of $24.25 and a one year high of $36.65.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Thursday, November 8th will be issued a $0.13 dividend. This is an increase from Tower International’s previous quarterly dividend of $0.12. The ex-dividend date is Wednesday, November 7th. This represents a $0.52 dividend on an annualized basis and a yield of 2.04%. Tower International’s dividend payout ratio is currently 12.77%.

About Tower International

Tower International, Inc manufactures and sells engineered automotive structural metal components and assemblies primarily for original equipment manufacturers. It operates in two segments, North America and Europe. The company provides body structures and assemblies, including structural metal components, which comprise body pillars, roof rails, and side sills; and Class A surfaces and assemblies that consist of body sides, hoods, doors, fenders, and pickup truck boxes.

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Earnings History and Estimates for Tower International (NYSE:TOWR)

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