Analysts expect that Tower International Inc (NYSE:TOWR) will post sales of $526.71 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Tower International’s earnings, with estimates ranging from $524.90 million to $528.95 million. Tower International reported sales of $538.16 million in the same quarter last year, which would suggest a negative year over year growth rate of 2.1%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, February 12th.

According to Zacks, analysts expect that Tower International will report full year sales of $2.17 billion for the current financial year. For the next fiscal year, analysts expect that the firm will report sales of $2.27 billion, with estimates ranging from $2.26 billion to $2.28 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Tower International.

Tower International (NYSE:TOWR) last announced its quarterly earnings data on Monday, October 29th. The auto parts company reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.11. The company had revenue of $524.57 million for the quarter, compared to analysts’ expectations of $512.78 million. Tower International had a net margin of 2.68% and a return on equity of 29.06%. The business’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS.

Several equities analysts have recently issued reports on TOWR shares. Citigroup lifted their price objective on shares of Tower International from $29.00 to $34.00 and gave the stock a “neutral” rating in a research note 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. Roth Capital set a $36.00 target price on shares of Tower International and gave the stock a “buy” rating in a report on Tuesday, October 30th. Finally, Zacks Investment Research upgraded shares of Tower International from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.25.

Shares of TOWR traded down $1.07 during mid-day trading on Tuesday, hitting $26.25. The company’s stock had a trading volume of 3,206 shares, compared to its average volume of 114,740. The stock has a market capitalization of $574.52 million, a P/E ratio of 7.05, a P/E/G ratio of 0.83 and a beta of 2.09. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.08 and a quick ratio of 0.88. Tower International has a fifty-two week low of $24.02 and a fifty-two week 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 represents a $0.52 annualized dividend and a dividend yield of 1.98%. This is a boost from Tower International’s previous quarterly dividend of $0.12. The ex-dividend date is Wednesday, November 7th. Tower International’s dividend payout ratio (DPR) is presently 13.83%.

Several institutional investors and hedge funds have recently made changes to their positions in TOWR. O Shaughnessy Asset Management LLC acquired a new stake in shares of Tower International during the third quarter worth approximately $142,000. SG Americas Securities LLC acquired a new stake in shares of Tower International during the second quarter worth approximately $234,000. United Services Automobile Association acquired a new stake in shares of Tower International during the second quarter worth approximately $262,000. Paloma Partners Management Co acquired a new stake in shares of Tower International during the second quarter worth approximately $275,000. Finally, MetLife Investment Advisors LLC boosted its holdings in shares of Tower International by 47.9% during the third quarter. MetLife Investment Advisors LLC now owns 15,459 shares of the auto parts company’s stock worth $468,000 after purchasing an additional 5,004 shares during the period. Institutional investors own 91.28% 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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