Tower International (TOWR) Receiving Somewhat Positive Press Coverage, Study Shows
Media stories about Tower International (NYSE:TOWR) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tower International earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media headlines about the auto parts company an impact score of 47.7963774903887 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Tower International, Inc. (TOWR) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- TOWER INTERNATIONAL, INC. (NYSE:TOWR) Files An 8-K Results of Operations and Financial Condition (4-traders.com)
- Tower International Reports Third Quarter Results and Increases Outlook for Revenue and Adjusted Earnings Per Share (finance.yahoo.com)
- Tower beats Street 3Q forecasts (finance.yahoo.com)
- Edited Transcript of TOWR earnings conference call or presentation 30-Oct-17 3:00pm GMT (finance.yahoo.com)
TOWR has been the topic of several recent research reports. Zacks Investment Research upgraded Tower International from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a report on Thursday, July 20th. BidaskClub lowered Tower International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, ValuEngine lowered Tower International from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $33.67.
Shares of Tower International (TOWR) traded down $0.45 during trading on Friday, reaching $32.60. The company’s stock had a trading volume of 196,767 shares, compared to its average volume of 95,686. The company has a market cap of $669.21, a P/E ratio of 9.06, a PEG ratio of 0.88 and a beta of 2.69. The company has a quick ratio of 1.04, a current ratio of 1.18 and a debt-to-equity ratio of 1.32. Tower International has a 12 month low of $21.00 and a 12 month high of $33.65.
Tower International (NYSE:TOWR) last announced its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.08. The company had revenue of $462.00 million for the quarter, compared to the consensus estimate of $451.73 million. Tower International had a return on equity of 30.51% and a net margin of 3.58%. Tower International’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 EPS. equities analysts anticipate that Tower International will post 3.7 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.47%. The ex-dividend date is Thursday, November 9th. This is an increase from Tower International’s previous quarterly dividend of $0.11. Tower International’s dividend payout ratio is 13.41%.
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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