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. It also offers lower vehicle frames and structures, such as pickup truck and sport utility vehicle (SUV) full frames, automotive engine and rear suspension cradles, floor pan components, and cross members. In addition, the company offers complex body-in-white assemblies comprising various components and sub-assemblies. Its products have applications in small and large cars, crossovers, pickups, and SUVs. The company was formerly known as Tower Automotive, LLC and changed its name to Tower International, Inc. in October 2010. Tower International, Inc. was founded in 1993 and is headquartered in Livonia, Michigan.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Motor vehicle parts & accessories
Sub-IndustryAuto Parts & Equipment
SectorAuto/Tires/Trucks
Current SymbolNYSE:TOWR
Previous Symbol
CUSIP89182610
Phone248-675-6000
Debt
Debt-to-Equity Ratio0.93
Current Ratio1.08
Quick Ratio0.88
Price-To-Earnings
Trailing P/E Ratio6.82
Forward P/E Ratio6.12
P/E Growth0.77
Sales & Book Value
Annual Sales$1.99 billion
Price / Sales0.27
Cash Flow$7.4075 per share
Price / Cash Flow3.46
Book Value$13.15 per share
Price / Book1.95
Profitability
EPS (Most Recent Fiscal Year)$3.76
Net Income$47.62 million
Net Margins2.68%
Return on Equity29.06%
Return on Assets6.78%
Miscellaneous
Employees7,600
Outstanding Shares20,610,000
Market Cap$533.30 million
OptionableOptionable
Tower International (NYSE:TOWR) Frequently Asked Questions
What is Tower International's stock symbol?
Tower International trades on the New York Stock Exchange (NYSE) under the ticker symbol "TOWR."
How often does Tower International pay dividends? What is the dividend yield for Tower International?
Tower International announced a quarterly dividend on Thursday, October 18th. Stockholders of record on Thursday, November 8th will be paid a dividend of $0.13 per share on Friday, December 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Wednesday, November 7th. This is a boost from Tower International's previous quarterly dividend of $0.12. View Tower International's Dividend History.
How were Tower International's earnings last quarter?
Tower International Inc (NYSE:TOWR) released its quarterly earnings results on Monday, October, 29th. The auto parts company reported $1.08 earnings per share for the quarter, beating 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 net margin of 2.68% and a return on equity of 29.06%. Tower International's quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS. View Tower International's Earnings History.
When is Tower International's next earnings date?
What guidance has Tower International issued on next quarter's earnings?
Tower International issued an update on its fourth quarter earnings guidance on Monday, October, 29th. The company provided earnings per share guidance of $1.20 for the period, compared to the Thomson Reuters consensus estimate of $1.16. The company issued revenue guidance of $526 million, compared to the consensus revenue estimate of $526.00 million.
What price target have analysts set for TOWR?
3 brokerages have issued 1-year target prices for Tower International's shares. Their forecasts range from $28.00 to $36.00. On average, they expect Tower International's stock price to reach $31.6667 in the next year. This suggests a possible upside of 23.6% from the stock's current price. View Analyst Price Targets for Tower International.
What is the consensus analysts' recommendation for Tower International?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tower International in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Tower International.
Has Tower International been receiving favorable news coverage?
News headlines about TOWR stock have been trending very positive recently, InfoTrie reports. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Tower International earned a media sentiment score of 3.9 on InfoTrie's scale. They also assigned media headlines about the auto parts company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future.
Who are some of Tower International's key competitors?
Some companies that are related to Tower International include Dana (DAN), Adient (ADNT), LCI Industries (LCII), Tenneco (TEN), Delphi Technologies (DLPH), Gentherm (THRM), Meritor (MTOR), American Axle & Manufact. (AXL), ChoicePoint (CPS), Standard Motor Products (SMP), IOCHPE MAXION S/S (IOCJY), Garrett Motion (GTX), Stoneridge (SRI), Modine Manufacturing (MOD) and Lydall (LDL).
Who are Tower International's key executives?
Tower International's management team includes the folowing people:
- Mr. James C. Gouin, CEO & Director (Age 58)
- Mr. Pär O. H. Malmhagen, Pres (Age 55)
- Mr. Jeffrey L. Kersten, Exec. VP & CFO (Age 50)
- Mr. Michael M. Rajkovic, Exec. VP & COO (Age 56)
- Mr. Gregory B. Guastella, Chief Accounting Officer (Age 35)
Who are Tower International's major shareholders?
Tower International's stock is owned by a number of of institutional and retail investors. Top institutional investors include LSV Asset Management (5.14%), Russell Investments Group Ltd. (1.92%), Smith Graham & Co. Investment Advisors LP (1.64%), Phocas Financial Corp. (1.03%), Bank of New York Mellon Corp (0.94%) and Matarin Capital Management LLC (0.93%). Company insiders that own Tower International stock include Michael Rajkovic and William Cook. View Institutional Ownership Trends for Tower International.
Which major investors are selling Tower International stock?
TOWR stock was sold by a variety of institutional investors in the last quarter, including Alambic Investment Management L.P., LSV Asset Management, Smith Graham & Co. Investment Advisors LP, Phocas Financial Corp. and TIAA CREF Investment Management LLC. View Insider Buying and Selling for Tower International.
Which major investors are buying Tower International stock?
TOWR stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Matarin Capital Management LLC, Seizert Capital Partners LLC, Piermont Capital Management Inc., Marshall Wace LLP, Panagora Asset Management Inc., Bank of New York Mellon Corp and MetLife Investment Advisors LLC. View Insider Buying and Selling for Tower International.
How do I buy shares of Tower International?
Shares of TOWR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Tower International's stock price today?
One share of TOWR stock can currently be purchased for approximately $25.63.
How big of a company is Tower International?
Tower International has a market capitalization of $533.30 million and generates $1.99 billion in revenue each year. The auto parts company earns $47.62 million in net income (profit) each year or $3.76 on an earnings per share basis. Tower International employs 7,600 workers across the globe.
What is Tower International's official website?
How can I contact Tower International?
Tower International's mailing address is 17672 LAUREL PARK DRIVE NORTH SUITE 400E, LIVONIA MI, 48152. The auto parts company can be reached via phone at 248-675-6000 or via email at [email protected]
MarketBeat Community Rating for Tower International (NYSE TOWR)
MarketBeat's community ratings are surveys of what our community members think about Tower International and other stocks. Vote "Outperform" if you believe TOWR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TOWR will underperform the S&P 500 over the long term. You may vote once every thirty days.
