About Tower International (NYSE:TOWR)
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
Industry Motor vehicle parts & accessories
Sub-IndustryAuto Parts & Equipment
Trailing P/E Ratio9.04
Forward P/E Ratio8.25
Sales & Book Value
Annual Sales$1.99 billion
Price / Sales0.35
Cash Flow$7.6749 per share
Price / Cash4.43
Book Value$13.15 per share
Price / Book2.59
EPS (Most Recent Fiscal Year)$3.76
Net Income$47.62 million
Return on Equity28.77%
Return on Assets6.15%
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, April 19th. Stockholders of record on Thursday, May 10th will be paid a dividend of $0.12 per share on Friday, June 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, May 9th. View Tower International's Dividend History.
How were Tower International's earnings last quarter?
Tower International Inc (NYSE:TOWR) posted its quarterly earnings results on Thursday, May, 3rd. The auto parts company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.80 by $0.02. The auto parts company had revenue of $563.51 million for the quarter, compared to analysts' expectations of $546.67 million. Tower International had a net margin of 2.32% and a return on equity of 28.77%. The company's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $0.76 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 FY18 earnings guidance on Thursday, May, 3rd. The company provided EPS guidance of approx $4.10 for the period, compared to the Thomson Reuters consensus estimate of $4.17. The company issued revenue guidance of approx $2.15 billion, compared to the consensus revenue estimate of $2.15 billion.Tower International also updated its Q2 guidance to approx $1.08 EPS.
What price target have analysts set for TOWR?
4 brokerages have issued 12 month price objectives for Tower International's shares. Their forecasts range from $31.00 to $41.00. On average, they expect Tower International's stock price to reach $37.3333 in the next twelve months. View Analyst Ratings for Tower International.
Who are some of Tower International's key competitors?
Some companies that are related to Tower International include Cooper Standard (CPS), Tenneco (TEN), Dorman Products (DORM), LCI Industries (LCII), American Axle (AXL), Meritor (MTOR), Gentherm (THRM), Standard Motor Products (SMP), Modine Manufacturing (MOD), Stoneridge (SRI), Iochpe-Maxion (IOCJY), Lydall (LDL), Superior Industries International (SUP), Motorcar Parts of America (MPAA) and Commercial Vehicle Group (CVGI).
Who are Tower International's key executives?
Tower International's management team includes the folowing people:
- Mr. James C. Gouin, Chief Exec. Officer and 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)
Has Tower International been receiving favorable news coverage?
Media stories about TOWR stock have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Tower International earned a news sentiment score of 0.13 on Accern's scale. They also gave media headlines about the auto parts company an impact score of 46.85 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Tower International's major shareholders?
Tower International's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.82%), Dimensional Fund Advisors LP (6.23%), LSV Asset Management (5.31%), Towle & Co. (4.87%), Prudential Financial Inc. (2.32%) and Thrivent Financial for Lutherans (1.92%). Company insiders that own Tower International stock include James C Gouin, Michael Rajkovic, Thomas K Brown 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 BlackRock Inc., JPMorgan Chase & Co., Thrivent Financial for Lutherans, Allianz Asset Management GmbH, Russell Investments Group Ltd., Citadel Advisors LLC, GSA Capital Partners LLP and California Public Employees Retirement System. View Insider Buying and Selling for Tower International.
Which institutional investors are buying Tower International stock?
TOWR stock was acquired by a variety of institutional investors in the last quarter, including Matarin Capital Management LLC, Alambic Investment Management L.P., Millennium Management LLC, Dimensional Fund Advisors LP, Mutual Advisors LLC, Schwab Charles Investment Management Inc., Hodges Capital Management Inc. and Prudential Financial Inc.. Company insiders that have bought Tower International stock in the last two years include James C Gouin and Thomas K Brown. 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 $34.00.
How big of a company is Tower International?
Tower International has a market capitalization of $682.73 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.
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 (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.