Analysts Anticipate Tower International Inc (TOWR) Will Announce Earnings of $1.19 Per Share

Analysts predict that Tower International Inc (NYSE:TOWR) will report $1.19 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for Tower International’s earnings. The lowest EPS estimate is $1.18 and the highest is $1.20. Tower International reported earnings of $1.17 per share in the same quarter last year, which suggests a positive year over year growth rate of 1.7%. The firm is expected to issue its next quarterly earnings report on Tuesday, February 12th.

According to Zacks, analysts expect that Tower International will report full-year earnings of $4.19 per share for the current year, with EPS estimates ranging from $4.17 to $4.20. For the next fiscal year, analysts expect that the firm will report earnings of $4.41 per share, with EPS estimates ranging from $4.19 to $4.85. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Tower International.

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

Several brokerages have recently weighed in on TOWR. Roth Capital set a $36.00 price target on Tower International and gave the stock a “buy” rating in a report on Tuesday, October 30th. Zacks Investment Research upgraded Tower International from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Thursday, November 1st. ValuEngine upgraded Tower International from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Citigroup increased their price target on Tower International from $29.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, August 9th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.25.

Shares of NYSE TOWR opened at $31.31 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 0.93. Tower International has a fifty-two week low of $24.02 and a fifty-two week high of $36.65. The company has a market capitalization of $628.71 million, a PE ratio of 8.33, a price-to-earnings-growth ratio of 0.91 and a beta of 2.09.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Thursday, November 8th will be issued a dividend of $0.13 per share. This is an increase from Tower International’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Wednesday, November 7th. Tower International’s dividend payout ratio (DPR) is presently 12.77%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TOWR. O Shaughnessy Asset Management LLC purchased a new position in Tower International during the 3rd quarter worth $142,000. SG Americas Securities LLC purchased a new position in Tower International during the 2nd quarter worth $234,000. United Services Automobile Association purchased a new position in Tower International during the 2nd quarter worth $262,000. Hartford Investment Management Co. purchased a new position in Tower International during the 2nd quarter worth $271,000. Finally, Paloma Partners Management Co purchased a new position in Tower International during the 2nd quarter worth $275,000. Institutional investors own 91.66% 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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