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
SymbolNYSE:TOWR
CUSIP89182610
Phone248-675-6000
Debt
Debt-to-Equity Ratio1.15
Current Ratio1.16
Quick Ratio0.98
Price-To-Earnings
Trailing P/E Ratio8.28
Forward P/E Ratio7.56
P/E Growth0.97
Sales & Book Value
Annual Sales$1.99 billion
Price / Sales0.32
Cash Flow$7.3122 per share
Price / Cash4.26
Book Value$13.15 per share
Price / Book2.37
Profitability
EPS (Most Recent Fiscal Year)$3.76
Net Income$47.62 million
Net Margins2.39%
Return on Equity28.42%
Return on Assets6.31%
Miscellaneous
Employees7,600
Outstanding Shares20,600,000
Market Cap$657.27 million
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 Tuesday, July 17th. Investors of record on Thursday, August 9th will be paid a dividend of $0.12 per share on Friday, September 7th. This represents a $0.48 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Wednesday, August 8th. View Tower International's Dividend History.
How were Tower International's earnings last quarter?
Tower International Inc (NYSE:TOWR) released its earnings results on Tuesday, July, 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.08 by $0.01. The auto parts company had revenue of $556.01 million for the quarter, compared to analysts' expectations of $554.90 million. Tower International had a return on equity of 28.42% and a net margin of 2.39%. The company's revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 earnings per share. 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 updated its FY18 earnings guidance on Tuesday, July, 31st. The company provided earnings per share (EPS) guidance of approx $4.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.14. The company issued revenue guidance of approx $2.17 billion, compared to the consensus revenue estimate of $2.15 billion.Tower International also updated its Q3 guidance to approx $1.04 EPS.
What price target have analysts set for TOWR?
5 brokerages have issued 12-month target prices for Tower International's stock. Their forecasts range from $31.00 to $41.00. On average, they anticipate Tower International's share price to reach $36.50 in the next year. This suggests a possible upside of 17.2% from the stock's current price. View Analyst Price Targets for Tower International.
What is the consensus analysts' recommendation for Tower International?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tower International in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Tower International.
Who are some of Tower International's key competitors?
Some companies that are related to Tower International include Tenneco (TEN), LCI Industries (LCII), ChoicePoint (CPS), American Axle & Manufact. (AXL), Meritor (MTOR), Gentherm (THRM), Standard Motor Products (SMP), Stoneridge (SRI), Modine Manufacturing (MOD), IOCHPE MAXION S/S (IOCJY), Lydall (LDL), Motorcar Parts of America (MPAA), Superior Industries International (SUP), Commercial Vehicle Group (CVGI) and Horizon Global (HZN).
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 many different of retail and institutional investors. Top institutional investors include LSV Asset Management (5.21%), Phocas Financial Corp. (1.05%), Russell Investments Group Ltd. (0.96%), Alambic Investment Management L.P. (0.47%), California Public Employees Retirement System (0.39%) and James Investment Research Inc. (0.37%). 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 California Public Employees Retirement System, Alambic Investment Management L.P., LSV Asset Management, Bowling Portfolio Management LLC, Phocas Financial Corp. and Delphi Management Inc. MA. Company insiders that have sold Tower International company stock in the last year include Michael Rajkovic and William Cook. 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., James Investment Research Inc., Paradigm Capital Management Inc. NY, Paloma Partners Management Co, Hartford Investment Management Co., SG Americas Securities LLC, United Services Automobile Association and Segall Bryant & Hamill 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 $31.15.
How big of a company is Tower International?
Tower International has a market capitalization of $657.27 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.
