Tower International Inc (TOWR) Expected to Post Earnings of $1.13 Per Share

Wall Street brokerages predict that Tower International Inc (NYSE:TOWR) will announce $1.13 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Tower International’s earnings, with estimates ranging from $1.12 to $1.13. Tower International posted earnings of $1.02 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 10.8%. The business is expected to announce its next quarterly earnings results on Tuesday, February 13th.

According to Zacks, analysts expect that Tower International will report full year earnings of $3.70 per share for the current year. For the next year, analysts expect that the firm will report earnings of $4.04 per share, with EPS estimates ranging from $4.03 to $4.05. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Tower International.

Tower International (NYSE:TOWR) last announced its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.08. Tower International had a net margin of 3.58% and a return on equity of 30.51%. The firm had revenue of $462.00 million during the quarter, compared to analyst estimates of $451.73 million. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Tower International’s quarterly revenue was up 1.1% on a year-over-year basis.

A number of equities research analysts recently issued reports on the stock. B. Riley reissued a “buy” rating on shares of Tower International in a report on Wednesday, November 1st. FBR & Co reissued a “buy” rating and issued a $40.00 price objective on shares of Tower International in a report on Tuesday, October 31st. ValuEngine lowered shares of Tower International from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. BidaskClub lowered shares of Tower International from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Zacks Investment Research lowered shares of Tower International from a “buy” rating to a “hold” rating in a report on Saturday, December 30th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $35.00.

Shares of Tower International (NYSE:TOWR) traded up $1.30 on Friday, hitting $32.45. 109,443 shares of the company were exchanged, compared to its average volume of 72,400. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.18 and a quick ratio of 1.01. Tower International has a 12-month low of $21.00 and a 12-month high of $33.65. The stock has a market capitalization of $639.46, a price-to-earnings ratio of 10.57, a P/E/G ratio of 0.78 and a beta of 2.70.

In other Tower International news, SVP William Cook sold 6,601 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $31.87, for a total transaction of $210,373.87. Following the completion of the transaction, the senior vice president now owns 11,917 shares of the company’s stock, valued at $379,794.79. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 6.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in Tower International by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 263,023 shares of the auto parts company’s stock worth $5,905,000 after buying an additional 1,136 shares during the period. Ameriprise Financial Inc. boosted its stake in Tower International by 0.3% during the third quarter. Ameriprise Financial Inc. now owns 647,441 shares of the auto parts company’s stock worth $17,610,000 after buying an additional 2,015 shares during the period. Russell Investments Group Ltd. boosted its stake in Tower International by 5.1% during the third quarter. Russell Investments Group Ltd. now owns 67,994 shares of the auto parts company’s stock worth $1,849,000 after buying an additional 3,316 shares during the period. Gamco Investors INC. ET AL boosted its stake in Tower International by 34.0% during the third quarter. Gamco Investors INC. ET AL now owns 13,400 shares of the auto parts company’s stock worth $364,000 after buying an additional 3,400 shares during the period. Finally, Martingale Asset Management L P boosted its stake in Tower International by 7.1% during the second quarter. Martingale Asset Management L P now owns 53,126 shares of the auto parts company’s stock worth $1,193,000 after buying an additional 3,501 shares during the period. 89.92% of the stock is owned by institutional investors.

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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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