Equities analysts expect that Tower International Inc (NYSE:TOWR) will announce earnings per share (EPS) of $1.04 for the current quarter, Zacks reports. Four analysts have issued estimates for Tower International’s earnings, with the lowest EPS estimate coming in at $1.03 and the highest estimate coming in at $1.04. Tower International reported earnings per share of $0.85 in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.4%. The business is expected to issue its next earnings report on Monday, October 29th.

On average, analysts expect that Tower International will report full year earnings of $4.12 per share for the current fiscal year, with EPS estimates ranging from $4.08 to $4.14. For the next year, analysts forecast that the company will post earnings of $4.29 per share, with EPS estimates ranging from $4.08 to $4.67. Zacks’ EPS averages are an average based on a survey of analysts that cover Tower International.

Tower International (NYSE:TOWR) last announced its earnings results on Tuesday, July 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.01. The business had revenue of $556.01 million for the quarter, compared to analysts’ expectations of $554.90 million. Tower International had a return on equity of 28.42% and a net margin of 2.39%. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period last year, the firm posted $0.97 earnings per share.

TOWR has been the topic of several research reports. ValuEngine raised Tower International from a “hold” rating to a “buy” rating in a research report on Monday, August 20th. Citigroup raised their target price on Tower International from $29.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, August 9th. Roth Capital began coverage on Tower International in a research note on Thursday, May 24th. They issued a “buy” rating and a $41.00 price objective on the stock. Finally, Zacks Investment Research raised Tower International from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Tower International presently has an average rating of “Hold” and an average target price of $35.20.

NYSE:TOWR traded up $0.05 on Tuesday, hitting $31.00. The stock had a trading volume of 109,400 shares, compared to its average volume of 102,966. The stock has a market capitalization of $644.91 million, a price-to-earnings ratio of 8.16, a PEG ratio of 0.95 and a beta of 2.26. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.98 and a current ratio of 1.16. Tower International has a 52-week low of $23.10 and a 52-week high of $36.65.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Stockholders of record on Thursday, August 9th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Wednesday, August 8th. Tower International’s dividend payout ratio (DPR) is currently 12.77%.

In other news, COO Michael Rajkovic sold 17,764 shares of the firm’s stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of $33.38, for a total value of $592,962.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.10% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of TOWR. Mackay Shields LLC bought a new stake in Tower International during the 1st quarter valued at approximately $749,000. Prudential Financial Inc. raised its stake in Tower International by 6.4% during the 1st quarter. Prudential Financial Inc. now owns 476,650 shares of the auto parts company’s stock valued at $13,227,000 after purchasing an additional 28,876 shares during the period. Swiss National Bank raised its stake in Tower International by 6.6% during the 1st quarter. Swiss National Bank now owns 35,700 shares of the auto parts company’s stock valued at $991,000 after purchasing an additional 2,200 shares during the period. LSV Asset Management raised its stake in Tower International by 0.9% during the 1st quarter. LSV Asset Management now owns 1,090,395 shares of the auto parts company’s stock valued at $30,258,000 after purchasing an additional 9,800 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Tower International by 18.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 325,207 shares of the auto parts company’s stock valued at $9,025,000 after purchasing an additional 51,028 shares during the period. 89.95% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Tower International (NYSE:TOWR)

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