Equities research analysts expect Tower International Inc (NYSE:TOWR) to announce $524.55 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Tower International’s earnings. The lowest sales estimate is $523.59 million and the highest is $525.30 million. Tower International reported sales of $462.37 million during the same quarter last year, which suggests a positive year-over-year growth rate of 13.4%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Monday, October 29th.

On average, analysts expect that Tower International will report full-year sales of $2.17 billion for the current financial year. For the next year, analysts expect that the firm will post sales of $2.26 billion, with estimates ranging from $2.24 billion to $2.27 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for 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 analysts’ consensus estimates of $1.08 by $0.01. The business had revenue of $556.01 million during the quarter, compared to analysts’ expectations of $554.90 million. Tower International had a net margin of 2.39% and a return on equity of 28.42%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter last year, the company posted $0.97 EPS.

A number of equities research analysts recently issued reports on TOWR shares. ValuEngine upgraded shares of Tower International from a “hold” rating to a “buy” rating in a research report on Monday, August 20th. Zacks Investment Research upgraded shares of Tower International from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, Citigroup raised their price objective on shares of Tower International from $29.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Tower International currently has an average rating of “Hold” and a consensus target price of $34.00.

Shares of Tower International stock traded up $0.01 during mid-day trading on Wednesday, reaching $25.47. 118,504 shares of the stock were exchanged, compared to its average volume of 109,901. The stock has a market capitalization of $524.58 million, a P/E ratio of 6.77, a price-to-earnings-growth ratio of 0.78 and a beta of 2.31. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 1.15. Tower International has a fifty-two week low of $24.25 and a fifty-two week high of $36.65.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Thursday, November 8th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, November 7th. This is a boost from Tower International’s previous quarterly dividend of $0.12. Tower International’s dividend payout ratio (DPR) is presently 12.77%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Segall Bryant & Hamill LLC boosted its stake in shares of Tower International by 19.5% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 21,251 shares of the auto parts company’s stock valued at $676,000 after purchasing an additional 3,470 shares during the last quarter. Hartford Investment Management Co. bought a new position in shares of Tower International in the 2nd quarter valued at about $271,000. Paloma Partners Management Co bought a new position in shares of Tower International in the 2nd quarter valued at about $275,000. United Services Automobile Association bought a new position in shares of Tower International in the 2nd quarter valued at about $443,000. Finally, Northern Trust Corp boosted its stake in shares of Tower International by 1.5% in the 1st quarter. Northern Trust Corp now owns 217,161 shares of the auto parts company’s stock valued at $6,026,000 after purchasing an additional 3,169 shares during the last quarter. Hedge funds and other institutional investors own 89.95% of the company’s stock.

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 and Estimates for Tower International (NYSE:TOWR)

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