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 Ratio6.48
Forward P/E Ratio6.26
P/E Growth0.78
Sales & Book Value
Annual Sales$1.99 billion
Price / Sales0.26
Cash Flow$7.4912 per share
Price / Cash3.40
Book Value$13.15 per share
Price / Book1.94
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$524.78 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 declared a quarterly dividend on Thursday, October 18th. Investors of record on Thursday, November 8th will be given a dividend of $0.13 per share on Friday, December 7th. This represents a $0.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend 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) announced its quarterly 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 earned $556.01 million during the quarter, compared to analysts' expectations of $554.90 million. Tower International had a net margin of 2.39% and a return on equity of 28.42%. Tower International's revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 EPS. View Tower International's Earnings History.
When is Tower International's next earnings date?
How can I listen to Tower International's earnings call?
Tower International will be holding an earnings conference call on Monday, October 29th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8663934576.
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 EPS 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 analysts have issued 12 month target prices for Tower International's shares. Their forecasts range from $28.00 to $41.00. On average, they anticipate Tower International's stock price to reach $35.00 in the next year. This suggests a possible upside of 37.4% 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 Delphi Technologies (DLPH), Tenneco (TEN), LCI Industries (LCII), American Axle & Manufact. (AXL), ChoicePoint (CPS), Meritor (MTOR), Gentherm (THRM), Garrett Motion (GTX), Standard Motor Products (SMP), IOCHPE MAXION S/S (IOCJY), Stoneridge (SRI), Modine Manufacturing (MOD), Lydall (LDL), Motorcar Parts of America (MPAA) and Superior Industries International (SUP).
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)
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 $25.47.
How big of a company is Tower International?
Tower International has a market capitalization of $524.78 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.
