Tower International Company Profile (NYSE:TOWR)

About Tower International (NYSE:TOWR)

Tower International logoTower 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). The Company offers body structures and assemblies, including structural metal components, such as body pillars, roof rails and side sills. The Company also offers Class A surfaces and assemblies, which are components of the exterior skin of the vehicle, such as body sides, hoods, doors, fenders and pickup truck boxes. The Company's lower vehicle frames and structures include chassis structures. Its products include pickup truck and SUV full frames, automotive engine and rear suspension cradles, floor pan components and cross members that form the basic lower body structure of the vehicle.

Industry, Sector and Symbol:
  • Sector: Auto/Tires/Trucks
  • Industry: Automotive Systems
  • Sub-Industry: Auto Parts & Equipment
  • Symbol: NYSE:TOWR
  • CUSIP: 89182610
  • Web: www.towerinternational.com
Capitalization:
  • Market Cap: $570.48 million
  • Outstanding Shares: 20,521,000
Average Prices:
  • 50 Day Moving Avg: $24.98
  • 200 Day Moving Avg: $24.05
  • 52 Week Range: $20.85 - $30.50
P/E:
  • Trailing P/E Ratio: 8.08
  • Foreward P/E Ratio: 7.00
  • P/E Growth: 0.76
Sales & Book Value:
  • Annual Revenue: $1.91 billion
  • Price / Sales: 0.30
  • Book Value: $12.44 per share
  • Price / Book: 2.23
Dividend:
  • Annual Dividend: $0.44
  • Dividend Yield: 1.6%
Profitability:
  • EBITDA: $185.76 million
  • Net Margins: 3.76%
  • Return on Equity: 33.20%
  • Return on Assets: 6.20%
Debt:
  • Debt-to-Equity Ratio: 1.47%
  • Current Ratio: 1.20%
  • Quick Ratio: 1.04%
Misc:
  • Average Volume: 96,175 shs.
  • Beta: 2.69
  • Short Ratio: 1.28
 

Frequently Asked Questions for Tower International (NYSE:TOWR)

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 Friday, July 21st. Investors of record on Thursday, August 10th will be paid a dividend of $0.11 per share on Friday, September 8th. This represents a $0.44 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, August 8th. View Tower International's Dividend History.

How were Tower International's earnings last quarter?

Tower International, Inc. (NYSE:TOWR) issued its quarterly earnings results on Wednesday, July, 26th. The company reported $0.97 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.92 by $0.05. The firm earned $489.93 million during the quarter, compared to the consensus estimate of $494.87 million. Tower International had a net margin of 3.76% and a return on equity of 33.20%. The business's revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.81 EPS. View Tower International's Earnings History.

When will Tower International make its next earnings announcement?

Tower International is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Tower International.

What guidance has Tower International issued on next quarter's earnings?

Tower International issued an update on its FY17 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of $3.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.63. The company issued revenue guidance of $1.97 billion (prior: $1.925 billion), compared to the consensus revenue estimate of $1.93 billion.

Where is Tower International's stock going? Where will Tower International's stock price be in 2017?

3 analysts have issued 12 month target prices for Tower International's shares. Their predictions range from $28.00 to $40.00. On average, they anticipate Tower International's stock price to reach $32.67 in the next year. View Analyst Ratings for Tower International.

What are analysts saying about Tower International stock?

Here are some recent quotes from research analysts about Tower International stock:

  • 1. According to Zacks Investment Research, "TA Delaware, Inc. is engaged in the manufacture of engineered structural metal components and assemblies primarily serving automotive original equipment manufacturers. It offers its automotive customers body-structure stampings, frame and other chassis structures, as well as complex welded assemblies, for small and large cars, crossovers, pickups and SUVs. Its manufacturing operations consist primarily of stamping and welding operations, system and modular assembly operations, coating, and other ancillary operations. The Company uses various grades and thicknesses of steel and aluminum; including high-strength, hot- and cold-rolled, galvanized, organically coated, stainless, and aluminized steel; for the manufacture of its products. TA Delaware, Inc. is headquartered in Livonia, Michigan. " (10/18/2017)
  • 2. FBR & Co analysts commented, "Tower International remains, in our view, a very attractive name to own in the automotive space given (1) the company's ability to out-compete and out-grow larger players, (2) a large new business backlog that we expect to come online above the company's average margin, and (3) a highly attractive valuation that we do not think prices in the company's opportunities. The company's 4Q16 results illustrated these points: Tower announced a major new business win related to OEM outsourcing, increased margins above our expectations, and provided detail on its above-market growth opportunity. We estimate that the company has secured significant net new business (FY17E: $65 million; FY18E: $75 million; FY19E: $150 million) and that the higher-margin profile of this backlog could lead to 120 bps of adjusted EBITDA margin expansion by FY19E. With shares still trading at a meaningful discount to peers, we think this is a compelling opportunity for investors." (2/15/2017)

Who are some of Tower International's key competitors?

Who are Tower International's key executives?

Tower International's management team includes the folowing people:

  • Thomas K. Brown, Chairman of the Board
  • Par Malmhagen, President
  • James C. Gouin, Chief Executive Officer, Director
  • Jeffrey L. Kersten, Chief Financial Officer, Executive Vice President
  • Michael Rajkovic, Chief Operating Officer, Executive Vice President
  • William Cook, Senior Vice President - Global Human Resources
  • Andreas Meyer, Senior Vice President - Tower Europe
  • Paul Radkoski, Senior Vice President - Global Purchasing
  • Nanette Dudek, Vice President Legal Affairs and Compliance
  • James N. Chapman, Independent Director

Who owns Tower International stock?

Tower International's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Eqis Capital Management Inc. (0.05%). Company insiders that own Tower International stock include James C Gouin, Michael Rajkovic, Nicholas D Chabraja and Thomas K Brown. View Institutional Ownership Trends for Tower International.

Who bought Tower International stock? Who is buying Tower International stock?

Tower International's stock was acquired by a variety of institutional investors in the last quarter, including Eqis Capital Management Inc.. Company insiders that have bought Tower International stock in the last two years include James C Gouin, Nicholas D Chabraja and Thomas K Brown. View Insider Buying and Selling for Tower International.

How do I buy Tower International stock?

Shares of Tower International can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Tower International's stock price today?

One share of Tower International stock can currently be purchased for approximately $27.80.


MarketBeat Community Rating for Tower International (NYSE TOWR)
Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  129 (Vote Outperform)
Underperform Votes:  214 (Vote Underperform)
Total Votes:  343
MarketBeat's community ratings are surveys of what our community members think about Tower International and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Tower International (NYSE:TOWR) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $32.67 (17.51% upside)
Consensus Price Target History for Tower International (NYSE:TOWR)
Price Target History for Tower International (NYSE:TOWR)
Analysts' Ratings History for Tower International (NYSE:TOWR)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/30/2017FBR & CoReiterated RatingOutperform$40.00LowView Rating Details
2/15/2017Citigroup Inc.DowngradeBuy -> Neutral$29.00 -> $30.00N/AView Rating Details
11/3/2016J P Morgan Chase & CoReiterated RatingHold$28.00N/AView Rating Details
8/9/2016Seaport Global SecuritiesInitiated CoverageBuy$35.00N/AView Rating Details
7/18/2016Wells Fargo & CompanyReiterated RatingHold$24.00N/AView Rating Details
(Data available from 10/18/2015 forward)

Earnings

Earnings History for Tower International (NYSE:TOWR)
Earnings by Quarter for Tower International (NYSE:TOWR)
Earnings History by Quarter for Tower International (NYSE TOWR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2017$0.77N/AView Earnings Details
7/26/2017Q2 2017$0.92$0.97$494.87 million$489.93 millionViewN/AView Earnings Details
5/2/2017Q1 2017$0.60$0.76$476.75 million$497.60 millionViewListenView Earnings Details
2/14/2017Q416$0.96$1.02$465.15 million$462.30 millionViewListenView Earnings Details
11/2/2016Q316$0.80$0.90$468.20 million$457.00 millionViewListenView Earnings Details
7/26/2016Q216$0.71$0.81$504.70 million$505.10 millionViewListenView Earnings Details
4/28/2016Q116$0.56$0.63$506.98 million$511.00 millionViewListenView Earnings Details
2/11/2016Q415$0.63$0.67$489.30 million$494.00 millionViewListenView Earnings Details
10/30/2015Q315$0.64$0.67$489.16 million$475.20 millionViewListenView Earnings Details
7/30/2015Q215$0.98$1.05$497.82 million$490.30 millionViewListenView Earnings Details
5/7/2015Q115$0.61$0.82$509.01 million$497.00 millionViewListenView Earnings Details
2/12/2015Q414$0.72$0.84$525.86 million$534.00 millionViewListenView Earnings Details
10/30/2014Q314$0.57$0.73$524.50 million$523.00 millionViewListenView Earnings Details
7/31/2014Q214$0.81$0.93$571.83 million$576.57 millionViewListenView Earnings Details
4/30/2014Q114$0.65$0.72$550.30 million$548.00 millionViewListenView Earnings Details
2/13/2014Q413$0.44$0.45$516.67 million$517.00 millionViewListenView Earnings Details
10/30/2013Q313$0.26$0.48$506.23 million$495.00 millionViewListenView Earnings Details
7/22/2013Q2 2013$0.60$1.03$552.19 million$556.00 millionViewListenView Earnings Details
5/2/2013Q1 2013$0.03$0.32$519.81 million$534.00 millionViewListenView Earnings Details
2/15/2013Q4 2012($0.11)$0.05$497.85 million$508.00 millionViewListenView Earnings Details
11/1/2012Q312($0.21)($0.18)$557.01 million$564.00 millionViewN/AView Earnings Details
8/7/2012$0.49$0.84ViewN/AView Earnings Details
5/3/2012$0.06$0.23ViewN/AView Earnings Details
2/16/2012$0.11$0.33ViewN/AView Earnings Details
11/3/2011($0.13)$0.03ViewN/AView Earnings Details
8/4/2011$0.05$0.07ViewN/AView Earnings Details
2/18/2011($0.26)($1.18)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Tower International (NYSE:TOWR)
Current Year EPS Consensus Estimate: $3.64 EPS
Next Year EPS Consensus Estimate: $3.97 EPS

Dividends

Current Dividend Information for Tower International (NYSE:TOWR)
Most Recent Dividend:9/8/2017
Annual Dividend:$0.44
Dividend Yield:1.58%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:12.87% (Trailing 12 Months of Earnings)
12.09% (Based on This Year's Estimates)
11.08% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Tower International (NYSE:TOWR)

Dividend History by Quarter for Tower International (NYSE TOWR)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/21/2017quarterly$0.111.99%8/8/20178/10/20179/8/2017
4/21/2017quarterly$0.111.67%5/8/20175/10/20176/9/2017
1/27/2017quarterly$0.111.69%2/8/20172/10/20172/28/2017
10/21/2016quarterly$0.111.93%11/8/201611/10/201612/9/2016
7/22/2016quarterly$0.101.81%8/8/20168/10/20169/9/2016
4/22/2016quarterly$0.101.46%5/6/20165/10/20166/10/2016
1/29/2016quarterly$0.102/8/20162/10/20162/29/2016
10/16/2015quarterly$0.1011/6/201511/10/201512/10/2015
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Tower International (NYSE:TOWR)
Insider Ownership Percentage: 6.20%
Institutional Ownership Percentage: 88.72%
Insider Trades by Quarter for Tower International (NYSE:TOWR)
Institutional Ownership by Quarter for Tower International (NYSE:TOWR)
Insider Trades by Quarter for Tower International (NYSE:TOWR)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/17/2017Michael RajkovicCOOSell60,000$28.07$1,684,200.00View SEC Filing  
6/28/2016James C GouinCFOBuy2,500$19.66$49,150.00View SEC Filing  
6/28/2016Thomas K BrownDirectorBuy6,390$19.70$125,883.00View SEC Filing  
5/25/2016Nicholas D ChabrajaDirectorBuy4,000$21.03$84,120.00View SEC Filing  
8/18/2014James BernardInsiderSell18,218$34.09$621,051.62View SEC Filing  
6/9/2014Paer MalmhagenInsiderSell5,161$32.96$170,106.56View SEC Filing  
6/5/2014Paul Eugene RadkoskiSVPSell24,717$31.03$766,968.51View SEC Filing  
5/28/2014William CookSVPSell29,205$30.80$899,514.00View SEC Filing  
5/9/2014Paul Eugene RadkoskiSVPSell4,332$27.80$120,429.60View SEC Filing  
5/2/2014James BernardInsiderSell22,543$28.52$642,926.36View SEC Filing  
2/18/2014Jeffrey KerstenSVPSell10,000$25.00$250,000.00View SEC Filing  
11/8/2013Stephen Feinbergmajor shareholderSell3,450,000$20.10$69,345,000.00View SEC Filing  
9/9/2013William CookSVPSell15,058$21.50$323,747.00View SEC Filing  
9/5/2013James C GouinCFOSell10,600$21.50$227,900.00View SEC Filing  
8/26/2013James GouinCFOSell14,400$21.50$309,600.00View SEC Filing  
8/14/2013James GouinCFOSell36,000$21.57$776,520.00View SEC Filing  
8/12/2013James GouinCFOSell14,000$21.57$301,980.00View SEC Filing  
8/2/2013James BernardInsiderSell11,608$22.50$261,180.00View SEC Filing  
8/2/2013Michael RajkovicCOOSell85,535$22.11$1,891,178.85View SEC Filing  
7/30/2013Stephen FeinbergMajor ShareholderSell7,888,122$20.24$159,655,589.28View SEC Filing  
7/26/2013James BernardInsiderSell3,513$21.00$73,773.00View SEC Filing  
6/7/2013Jeffrey L KerstenSVPSell4,000$19.00$76,000.00View SEC Filing  
6/7/2013Paer MalmhagenInsiderSell5,760$19.01$109,497.60View SEC Filing  
6/4/2013Michael RajkovicCOOSell149,194$18.65$2,782,468.10View SEC Filing  
5/31/2013Jeffrey L KerstenSVPSell14,517$19.08$276,984.36View SEC Filing  
5/30/2013Paul Eugene RadkoskiSVPSell38,079$18.87$718,550.73View SEC Filing  
9/17/2012Nicholas D ChabrajaDirectorBuy2,000$8.01$16,020.00View SEC Filing  
9/6/2012Mark MalcolmCEOBuy74,451$7.18$534,558.18View SEC Filing  
8/15/2012Frank E Jr. EnglishDirectorBuy1,000$8.45$8,450.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Tower International (NYSE:TOWR)
Latest Headlines for Tower International (NYSE:TOWR)
Source:
DateHeadline
finance.yahoo.com logoTower International to Announce Third Quarter 2017 Financial Results
finance.yahoo.com - October 17 at 8:13 AM
americanbankingnews.com logoTower International, Inc. (TOWR) Expected to Post Quarterly Sales of $449.93 Million
www.americanbankingnews.com - October 17 at 5:16 AM
americanbankingnews.com logoTower International, Inc. (TOWR) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - October 8 at 8:46 AM
americanbankingnews.com logoTower International, Inc. (TOWR) Stock Rating Upgraded by TheStreet
www.americanbankingnews.com - October 2 at 6:58 PM
americanbankingnews.com logo$449.93 Million in Sales Expected for Tower International, Inc. (TOWR) This Quarter
www.americanbankingnews.com - September 28 at 2:30 AM
americanbankingnews.com logo Analysts Expect Tower International, Inc. (TOWR) to Post $0.77 Earnings Per Share
www.americanbankingnews.com - September 27 at 12:32 AM
americanbankingnews.com logoTower International, Inc. (TOWR) Given Average Rating of "Hold" by Analysts
www.americanbankingnews.com - September 13 at 10:50 AM
finance.yahoo.com logoTower International, Inc. (Michigan) : TOWR-US: Dividend Analysis : August 10th, 2017 (record date) : By the numbers : September 11, 2017
finance.yahoo.com - September 12 at 11:11 AM
finance.yahoo.com logoTower International, Inc. (Michigan) breached its 50 day moving average in a Bullish Manner : TOWR-US : September 5, 2017
finance.yahoo.com - September 6 at 9:21 AM
americanbankingnews.com logoTower International, Inc. (TOWR) Expected to Post Earnings of $0.77 Per Share
www.americanbankingnews.com - August 20 at 4:20 PM
americanbankingnews.com logoTower International, Inc. (TOWR) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - August 19 at 11:18 AM
finance.yahoo.com logoETFs with exposure to Tower International, Inc. (Michigan) : August 14, 2017
finance.yahoo.com - August 15 at 7:48 AM
finance.yahoo.com logoTower International, Inc. (Michigan) breached its 50 day moving average in a Bearish Manner : TOWR-US : August 10, 2017
finance.yahoo.com - August 11 at 8:54 AM
finance.yahoo.com logoTower International, Inc. (Michigan) breached its 50 day moving average in a Bearish Manner : TOWR-US : August 10, 2017
finance.yahoo.com - August 11 at 8:54 AM
finance.yahoo.com logoTower International, Inc. (Michigan) :TOWR-US: Earnings Analysis: Q2, 2017 By the Numbers : July 28, 2017
finance.yahoo.com - July 29 at 8:00 AM
americanbankingnews.com logoSORL Auto Parts (SORL) & Tower International (NYSE:TOWR) Financial Contrast
www.americanbankingnews.com - July 29 at 7:50 AM
finance.yahoo.com logoInvestor Network: Tower International, Inc. to Host Earnings Call
finance.yahoo.com - July 27 at 8:28 AM
finance.yahoo.com logoEdited Transcript of TOWR earnings conference call or presentation 26-Jul-17 5:00pm GMT
finance.yahoo.com - July 27 at 8:28 AM
americanbankingnews.com logoTower International, Inc. (NYSE:TOWR) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS
www.americanbankingnews.com - July 26 at 5:54 PM
americanbankingnews.com logoTower International, Inc. (NYSE:TOWR) Updates FY17 Earnings Guidance
www.americanbankingnews.com - July 26 at 10:15 AM
nasdaq.com logoTower International Backs FY17 Earnings View; Lifts Revenue Forecast
www.nasdaq.com - July 26 at 9:02 AM
finance.yahoo.com logoTower International Reports Second Quarter Results and Maintains Full-Year 2017 Outlook for Earnings and Free Cash Flow
finance.yahoo.com - July 26 at 9:02 AM
finance.yahoo.com logoTower tops 2Q profit forecasts
finance.yahoo.com - July 26 at 9:02 AM
americanbankingnews.com logoTower International, Inc. (TOWR) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - July 25 at 11:11 AM
americanbankingnews.com logoTower International, Inc. (NYSE:TOWR) Declares Quarterly Dividend of $0.11
www.americanbankingnews.com - July 21 at 1:44 PM
finance.yahoo.com logoTower International, Inc. (Michigan) breached its 50 day moving average in a Bullish Manner : TOWR-US : July 18, 2017
finance.yahoo.com - July 18 at 9:08 AM
americanbankingnews.com logoTower International, Inc. (TOWR) Set to Announce Earnings on Monday
www.americanbankingnews.com - July 17 at 8:58 AM
finance.yahoo.com logoTower International to Announce Second Quarter 2017 Financial Results
finance.yahoo.com - July 14 at 9:21 AM
americanbankingnews.com logoComparing Tower International (TOWR) & SORL Auto Parts (SORL)
www.americanbankingnews.com - July 6 at 7:31 AM
finance.yahoo.com logoETFs with exposure to Tower International, Inc. (Michigan) : July 4, 2017
finance.yahoo.com - July 4 at 7:01 PM
rttnews.com logoEARNINGS SUMMARY: Details of Tower International, Inc. Q1 Earnings Report
www.rttnews.com - May 2 at 8:51 AM
biz.yahoo.com logoTOWER INTERNATIONAL, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financ
biz.yahoo.com - March 11 at 7:28 AM
moodys.com logoTower Automotive Holdings USA, LLC -- Moody's assigns B1 rating to Tower Automotive's new term loan
www.moodys.com - February 22 at 10:23 AM
us.rd.yahoo.com logoTower Intl downgraded by Citigroup
us.rd.yahoo.com - February 16 at 8:09 PM
biz.yahoo.com logoQ4 2016 Tower International Inc Earnings Release - Before Market Open
us.rd.yahoo.com - February 15 at 6:32 AM
sg.finance.yahoo.com logoTower beats 4Q profit forecasts
us.rd.yahoo.com - February 15 at 6:32 AM
us.rd.yahoo.com logo8:31 am Tower Intl appoints Pr Malmhagen as President effective immediately
us.rd.yahoo.com - January 21 at 8:02 PM
nasdaq.com logoTower International Sees FY Adj. EPS Above View
www.nasdaq.com - November 2 at 8:24 PM
nasdaq.com logoTower International, Inc. Reveals 31% Rise In Q3 Bottom Line
www.nasdaq.com - November 2 at 11:42 AM
rttnews.com logoTower International Names James Gouis President, To Succeed Malcolm As CEO
www.rttnews.com - September 1 at 10:58 AM
nasdaq.com logoStrong Insider Buying Found in the Underlying Holdings of NFO
www.nasdaq.com - August 23 at 7:59 PM
biz.yahoo.com logoTOWER INTERNATIONAL, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure
biz.yahoo.com - August 4 at 8:21 PM
cnbc.com logoTower reports 2Q loss
www.cnbc.com - July 27 at 10:59 AM
nasdaq.com logoTower International Q2 Profit From Cont. Ops. Declines - Quick Facts
www.nasdaq.com - July 27 at 10:59 AM
rttnews.com logoEARNINGS SUMMARY: Details of Tower International, Inc. Q2 Earnings Report
www.rttnews.com - July 27 at 10:59 AM

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Chart

Tower International (TOWR) Chart for Wednesday, October, 18, 2017

This page was last updated on 10/18/2017 by MarketBeat.com Staff

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