Tower International, Inc. (NYSE:TOWR) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, October 31st. Analysts expect Tower International to post earnings of $0.77 per share for the quarter.
Tower International, Inc. (TOWR) opened at 27.45 on Friday. The stock has a market capitalization of $563.30 million, a P/E ratio of 7.99 and a beta of 2.69. Tower International, Inc. has a 12-month low of $20.85 and a 12-month high of $30.50. The firm’s 50-day moving average is $26.35 and its 200-day moving average is $24.23.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be issued a $0.12 dividend. This is an increase from Tower International’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, November 9th. This represents a $0.48 dividend on an annualized basis and a yield of 1.75%. Tower International’s dividend payout ratio is 12.87%.
TOWR has been the subject of a number of research reports. TheStreet upgraded Tower International from a “c+” rating to a “b” rating in a report on Thursday, September 28th. Zacks Investment Research upgraded Tower International from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Tuesday, September 26th. ValuEngine upgraded Tower International from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Finally, BidaskClub upgraded Tower International from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Tower International currently has a consensus rating of “Buy” and a consensus target price of $32.25.
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Tower International Company Profile
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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