Tower International (NYSE:TOWR) is scheduled to issue its quarterly earnings data before the market opens on Monday, April 30th. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Tower International has set its FY18 guidance at $4.10 EPS.
Tower International (NYSE:TOWR) last posted its earnings results on Tuesday, February 13th. The auto parts company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.02. Tower International had a net margin of 2.40% and a return on equity of 30.05%. The firm had revenue of $538.00 million during the quarter, compared to analysts’ expectations of $531.15 million. During the same period in the previous year, the business posted $1.02 EPS. The business’s revenue was up 16.5% compared to the same quarter last year. On average, analysts expect Tower International to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
TOWR opened at $29.70 on Monday. 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 1 year low of $21.00 and a 1 year high of $33.65. The firm has a market capitalization of $610.10, a P/E ratio of 7.90, a PEG ratio of 0.90 and a beta of 2.36.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Shareholders of record on Thursday, May 10th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Wednesday, May 9th. Tower International’s dividend payout ratio is presently 12.77%.
A number of equities analysts have weighed in on TOWR shares. Zacks Investment Research cut shares of Tower International from a “buy” rating to a “hold” rating in a research report on Saturday, December 30th. ValuEngine cut shares of Tower International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 13th. Finally, JPMorgan Chase reduced their price objective on shares of Tower International from $34.00 to $31.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $35.33.
About Tower International
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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