Tower International (TOWR) Stock Price, News & Analysis

Tower International Inc (NYSE:TOWR) announced its quarterly earnings data on Monday, October, 29th. The auto parts company reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.11. The auto parts company had revenue of $524.57 million for the quarter, compared to analyst estimates of $512.78 million. Tower International had a trailing twelve-month return on equity of 16.92% and a net margin of 0.61%. Tower International's quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share.

Tower International (NYSE:TOWR) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.68%. The dividend payout ratio is 14.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TOWR will have a dividend payout ratio of 15.52% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TOWR.

Based on aggregate information from My MarketBeat watchlists, some companies that other Tower International investors own include American International Group (AIG), AutoNation (AN), Energy Transfer (ET), SunCoke Energy Partners (SXCP), Cornerstone Total Return Fund (CRF), SandRidge Permian Trust (PER), Aerogrow International (AERO), CBL & Associates Properties (CBL), Cornerstone Strategic Value Fund (CLM) and Ford Motor (F).