Tower International (TOWR) Issues Earnings Results, Beats Expectations By $0.11 EPS

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Tower International (NYSE:TOWR) announced its quarterly earnings data on Monday. The auto parts company reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.11, MarketWatch Earnings reports. The firm had revenue of $524.57 million during the quarter, compared to the consensus estimate of $512.78 million. Tower International had a net margin of 2.39% and a return on equity of 28.42%. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. Tower International updated its Q4 guidance to $1.20 EPS.

TOWR stock opened at $28.08 on Tuesday. The company has a market capitalization of $509.33 million, a price-to-earnings ratio of 7.47, a PEG ratio of 0.76 and a beta of 2.31. Tower International has a one year low of $24.02 and a one year high of $36.65. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.16 and a quick ratio of 0.98.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Thursday, November 8th will be paid a $0.13 dividend. This is a boost from Tower International’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.85%. The ex-dividend date is Wednesday, November 7th. Tower International’s payout ratio is presently 12.77%.

A number of equities research analysts have recently issued reports on TOWR shares. Roth Capital set a $36.00 price target on shares of Tower International and gave the company a “buy” rating in a research report on Tuesday. Zacks Investment Research downgraded shares of Tower International from a “hold” rating to a “sell” rating in a research report on Friday, July 20th. Citigroup reduced their price target on shares of Tower International from $34.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, October 12th. Finally, ValuEngine cut shares of Tower International from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Tower International presently has an average rating of “Hold” and an average target price of $33.00.

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 for Tower International (NYSE:TOWR)

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