Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Tower International (TOWR) Share Price
Press coverage about Tower International (NYSE:TOWR) has trended somewhat positive on Saturday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tower International earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news articles about the auto parts company an impact score of 45.9336566693096 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
TOWR has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Tower International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 21st. BidaskClub downgraded shares of Tower International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. ValuEngine downgraded shares of Tower International from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Finally, TheStreet raised shares of Tower International from a “c+” rating to a “b” rating in a research report on Thursday, September 28th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $33.67.
Shares of Tower International (NYSE:TOWR) traded up $0.50 during trading hours on Friday, hitting $31.20. 82,043 shares of the company’s stock were exchanged, compared to its average volume of 127,915. Tower International has a 52 week low of $21.00 and a 52 week high of $33.65. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.01 and a current ratio of 1.18. The stock has a market cap of $630.22, a P/E ratio of 8.43, a PEG ratio of 0.82 and a beta of 2.69.
Tower International (NYSE:TOWR) last announced its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.08. Tower International had a net margin of 3.08% and a return on equity of 21.58%. The company had revenue of $462.00 million for the quarter, compared to the consensus estimate of $451.73 million. During the same period in the prior year, the firm posted $0.90 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. research analysts expect that Tower International will post 3.7 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be issued a $0.12 dividend. This is a boost from Tower International’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, November 9th. This represents a $0.48 annualized dividend and a dividend yield of 1.54%. Tower International’s dividend payout ratio is presently 15.64%.
In other news, SVP William Cook sold 6,601 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $31.87, for a total value of $210,373.87. Following the completion of the transaction, the senior vice president now owns 11,917 shares in the company, valued at approximately $379,794.79. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 6.20% of the company’s stock.
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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).
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