$0.84 EPS Expected for Tower International Inc (TOWR) This Quarter

Equities research analysts expect Tower International Inc (NYSE:TOWR) to report $0.84 earnings per share for the current quarter, according to Zacks. Three analysts have made estimates for Tower International’s earnings, with the highest EPS estimate coming in at $0.87 and the lowest estimate coming in at $0.81. Tower International reported earnings per share of $0.76 during the same quarter last year, which suggests a positive year over year growth rate of 10.5%. The business is scheduled to issue its next quarterly earnings results on Tuesday, May 1st.

According to Zacks, 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 year, analysts expect that the company will post earnings of $4.41 per share, with EPS estimates ranging from $4.13 to $4.90. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Tower International.

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Tower International (NYSE:TOWR) last issued its earnings results on Tuesday, February 13th. The auto parts company reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.02. The business had revenue of $538.00 million during the quarter, compared to the consensus estimate of $531.15 million. Tower International had a return on equity of 30.05% and a net margin of 2.40%. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.02 earnings per share.

Several research firms have weighed in on TOWR. JPMorgan Chase cut their price objective on Tower International from $34.00 to $31.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. ValuEngine lowered Tower International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 13th. Finally, Zacks Investment Research lowered Tower International from a “buy” rating to a “hold” rating in a research note on Saturday, December 30th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.33.

Shares of NYSE:TOWR traded down $0.20 during mid-day trading on Monday, hitting $29.50. 79,079 shares of the company traded hands, compared to its average volume of 101,182. The stock has a market cap of $610.11, a price-to-earnings ratio of 7.85, a PEG ratio of 0.90 and a beta of 2.36. The company has a quick ratio of 0.98, a current ratio of 1.14 and a debt-to-equity ratio of 1.28. Tower International has a 12-month low of $21.00 and a 12-month high of $33.65.

Large investors have recently made changes to their positions in the company. EAM Investors LLC bought a new position in Tower International during the 4th quarter valued at approximately $2,087,000. Bogle Investment Management L P DE purchased a new position in shares of Tower International in the 4th quarter worth $1,066,000. Sterling Capital Management LLC purchased a new position in shares of Tower International in the 4th quarter worth $927,000. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Tower International by 124.1% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 31,600 shares of the auto parts company’s stock worth $964,000 after buying an additional 17,500 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Tower International in the 4th quarter worth $319,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

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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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