Wall Street analysts expect that Tower International Inc (NYSE:TOWR) will announce $1.04 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Tower International’s earnings, with the highest EPS estimate coming in at $1.04 and the lowest estimate coming in at $1.03. Tower International posted earnings of $0.85 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.4%. The firm is scheduled to report its next quarterly earnings report on Monday, October 29th.

According to Zacks, analysts expect that Tower International will report full-year earnings of $4.12 per share for the current financial year, with EPS estimates ranging from $4.08 to $4.14. For the next fiscal year, analysts expect that the company will post earnings of $4.29 per share, with EPS estimates ranging from $4.08 to $4.67. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Tower International.

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

TOWR has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Tower International from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Citigroup boosted their target price on shares of Tower International from $29.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, August 9th. ValuEngine upgraded shares of Tower International from a “hold” rating to a “buy” rating in a report on Monday, August 20th. Finally, Roth Capital initiated coverage on shares of Tower International in a report on Thursday, May 24th. They set a “buy” rating and a $41.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $35.20.

Tower International stock traded down $0.15 during mid-day trading on Friday, reaching $34.45. 123,909 shares of the company traded hands, compared to its average volume of 129,589. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 1.15. The company has a market cap of $725.26 million, a P/E ratio of 9.16, a PEG ratio of 1.07 and a beta of 2.27. Tower International has a 52-week low of $21.25 and a 52-week high of $36.65.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Thursday, August 9th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Wednesday, August 8th. Tower International’s dividend payout ratio (DPR) is presently 12.77%.

In other news, COO Michael Rajkovic sold 17,764 shares of the business’s stock in a transaction on Tuesday, June 26th. The shares were sold at an average price of $33.38, for a total transaction of $592,962.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 6.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in TOWR. SG Americas Securities LLC bought a new stake in shares of Tower International during the 2nd quarter valued at $234,000. Hartford Investment Management Co. bought a new position in Tower International in the 2nd quarter worth about $271,000. Paloma Partners Management Co bought a new position in Tower International in the 2nd quarter worth about $275,000. MetLife Investment Advisors LLC bought a new position in Tower International in the 4th quarter worth about $319,000. Finally, Element Capital Management LLC bought a new position in Tower International in the 1st quarter worth about $387,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Tower International Company Profile

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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