Wall Street brokerages expect that Tower International Inc (NYSE:TOWR) will report $0.84 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Tower International’s earnings, with the lowest EPS estimate coming in at $0.81 and the highest estimate coming in at $0.87. Tower International reported earnings per share of $0.76 in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.5%. The business is scheduled to announce its next earnings results on Tuesday, May 1st.
On average, analysts expect that Tower International will report full-year earnings of $4.11 per share for the current financial year, with EPS estimates ranging from $4.10 to $4.11. For the next financial year, analysts anticipate that the business will post earnings of $4.41 per share, with EPS estimates ranging from $4.13 to $4.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Tower International.
Tower International (NYSE:TOWR) last issued its quarterly earnings data on Tuesday, February 13th. The auto parts company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.02. Tower International had a return on equity of 30.47% and a net margin of 2.40%. The firm had revenue of $538.00 million for the quarter, compared to analyst estimates of $531.15 million. During the same period in the prior year, the firm posted $1.02 EPS. The company’s revenue for the quarter was up 16.5% on a year-over-year basis.
TOWR has been the subject of a number of recent analyst reports. FBR & Co reiterated a “buy” rating and set a $40.00 target price on shares of Tower International in a research report on Tuesday, October 31st. ValuEngine downgraded Tower International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. Zacks Investment Research downgraded Tower International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. B. Riley reiterated a “buy” rating on shares of Tower International in a research report on Wednesday, November 1st. Finally, BidaskClub downgraded Tower International from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Tower International has a consensus rating of “Buy” and a consensus target price of $35.33.
Several hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its position in shares of Tower International by 0.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 647,441 shares of the auto parts company’s stock worth $17,610,000 after buying an additional 2,015 shares during the last quarter. Capital Fund Management S.A. lifted its position in shares of Tower International by 17.1% during the 4th quarter. Capital Fund Management S.A. now owns 18,500 shares of the auto parts company’s stock worth $565,000 after buying an additional 2,700 shares during the last quarter. Icon Advisers Inc. Co. lifted its position in shares of Tower International by 15.0% during the 4th quarter. Icon Advisers Inc. Co. now owns 25,300 shares of the auto parts company’s stock worth $773,000 after buying an additional 3,300 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Tower International by 5.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 67,994 shares of the auto parts company’s stock worth $1,849,000 after purchasing an additional 3,316 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in Tower International by 34.0% in the 3rd quarter. Gamco Investors INC. ET AL now owns 13,400 shares of the auto parts company’s stock worth $364,000 after purchasing an additional 3,400 shares in the last quarter. Institutional investors and hedge funds own 89.61% of the company’s stock.
Shares of Tower International (NYSE TOWR) traded up $0.40 during midday trading on Friday, reaching $27.80. The company’s stock had a trading volume of 33,693 shares, compared to its average volume of 89,506. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 1.32. Tower International has a 52-week low of $21.00 and a 52-week high of $33.65. The firm has a market cap of $562.48, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 0.67 and a beta of 2.48.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 9th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.73%. Tower International’s dividend payout ratio is currently 21.05%.
COPYRIGHT VIOLATION NOTICE: This news story was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/20/0-84-eps-expected-for-tower-international-inc-towr-this-quarter.html.
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).
Get a free copy of the Zacks research report on Tower International (TOWR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tower International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tower International and related companies with MarketBeat.com's FREE daily email newsletter.