Tower International Inc (NYSE:TOWR) – Research analysts at Seaport Global Securities cut their Q1 2019 earnings per share (EPS) estimates for shares of Tower International in a research report issued to clients and investors on Monday, February 18th. Seaport Global Securities analyst M. Ward now anticipates that the auto parts company will post earnings per share of $0.36 for the quarter, down from their prior estimate of $0.74. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Tower International’s Q2 2019 earnings at $0.36 EPS, FY2019 earnings at $2.50 EPS, Q1 2020 earnings at $0.66 EPS and Q3 2020 earnings at $0.99 EPS.
Tower International (NYSE:TOWR) last announced its quarterly earnings results on Tuesday, February 12th. The auto parts company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.40). The business had revenue of $377.27 million for the quarter, compared to analyst estimates of $524.30 million. Tower International had a net margin of 2.42% and a return on equity of 25.31%. During the same period last year, the firm earned $0.96 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis.
A number of other equities research analysts have also commented on the company. Roth Capital set a $36.00 price target on Tower International and gave the company a “buy” rating in a research report on Tuesday, October 30th. ValuEngine upgraded shares of Tower International from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Finally, Zacks Investment Research upgraded shares of Tower International from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Thursday, November 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Tower International currently has a consensus rating of “Hold” and an average price target of $29.00.
Shares of TOWR stock opened at $25.88 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 0.93. Tower International has a 52 week low of $22.67 and a 52 week high of $36.65. The firm has a market cap of $530.30 million, a PE ratio of 7.39, a price-to-earnings-growth ratio of 1.22 and a beta of 2.19.
Institutional investors and hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. increased its holdings in shares of Tower International by 35.3% in the fourth quarter. Meeder Asset Management Inc. now owns 3,979 shares of the auto parts company’s stock worth $94,000 after buying an additional 1,038 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in Tower International by 16.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,469 shares of the auto parts company’s stock valued at $130,000 after acquiring an additional 760 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in Tower International by 334.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,499 shares of the auto parts company’s stock valued at $155,000 after buying an additional 5,004 shares in the last quarter. United Services Automobile Association boosted its position in Tower International by 12.8% during the fourth quarter. United Services Automobile Association now owns 10,079 shares of the auto parts company’s stock worth $240,000 after acquiring an additional 1,146 shares during the last quarter. Finally, Bowling Portfolio Management LLC purchased a new stake in shares of Tower International in the 4th quarter valued at approximately $432,000. 91.56% of the stock is owned by institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Thursday, February 7th will be given a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, February 6th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.01%. Tower International’s dividend payout ratio (DPR) is presently 14.86%.
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.
Further Reading: Risk Tolerance and Your Investment Decisions
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.