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 Ratio7.86
Forward P/E Ratio7.05
P/E Growth0.89
Sales & Book Value
Annual Sales$1.99 billion
Price / Sales0.31
Cash Flow$7.4458 per share
Price / Cash3.97
Book Value$15.43 per share
Price / Book1.92
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$611.81 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. Investors 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 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Wednesday, November 7th. This is a positive change 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) posted its earnings results on Monday, October, 29th. The auto parts company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.11. The auto parts company earned $524.57 million during the quarter, compared to analysts' expectations of $512.78 million. Tower International had a net margin of 2.68% and a return on equity of 29.06%. Tower International's revenue for the quarter was up 13.5% on a year-over-year basis. During the same period last year, the firm posted $0.85 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 EPS 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 equities research analysts have issued twelve-month price objectives for Tower International's stock. Their forecasts range from $28.00 to $36.00. On average, they expect Tower International's share price to reach $31.6667 in the next year. This suggests a possible upside of 7.1% 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 trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Tower International earned a news impact score of 0.9 on InfoTrie's scale. They also gave news articles 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 next few days.
Who are some of Tower International's key competitors?
Some companies that are related to Tower International include Adient (ADNT), Dana (DAN), Tenneco (TEN), LCI Industries (LCII), Gentherm (THRM), Delphi Technologies (DLPH), Meritor (MTOR), ChoicePoint (CPS), American Axle & Manufact. (AXL), Standard Motor Products (SMP), Garrett Motion (GTX), IOCHPE MAXION S/S (IOCJY), 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 retail and institutional investors. Top institutional shareholders 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 institutional 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 institutional 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., Panagora Asset Management Inc., Bank of New York Mellon Corp, MetLife Investment Advisors LLC and O Shaughnessy Asset Management 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 $29.56.
How big of a company is Tower International?
Tower International has a market capitalization of $611.81 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.
