Headlines about Tower International (NYSE:TOWR) have been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tower International earned a daily sentiment score of 0.05 on Accern’s scale. Accern also gave headlines about the auto parts company an impact score of 46.058656528754 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
Shares of Tower International (NYSE:TOWR) traded down $0.30 on Friday, hitting $30.80. 35,200 shares of the company’s stock were exchanged, compared to its average volume of 127,929. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $638.43, a PE ratio of 8.64, a PEG ratio of 0.84 and a beta of 2.69. Tower International has a 1-year low of $21.00 and a 1-year 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. The firm had revenue of $462.00 million during the quarter, compared to analysts’ expectations of $451.73 million. Tower International had a net margin of 3.58% and a return on equity of 30.51%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 earnings per share. equities analysts forecast that Tower International will post 3.7 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.56%. This is a boost from Tower International’s previous quarterly dividend of $0.11. Tower International’s payout ratio is 14.63%.
A number of equities analysts have commented on TOWR shares. Zacks Investment Research downgraded shares of Tower International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 21st. BidaskClub cut shares of Tower International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. ValuEngine upgraded shares of Tower International from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. FBR & Co reiterated a “buy” rating and set a $40.00 price target on shares of Tower International in a research report on Tuesday, October 31st. Finally, TheStreet upgraded shares of Tower International from a “c+” rating to a “b” rating in a research report on Thursday, September 28th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Tower International has an average rating of “Buy” and a consensus price target of $33.67.
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In related news, SVP William Cook sold 6,601 shares of Tower International stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $31.87, for a total value of $210,373.87. Following the completion of the transaction, the senior vice president now owns 11,917 shares in the company, valued at $379,794.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.20% of the company’s stock.
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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