About Tower International (NYSE:TOWR)
Tower 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
- Market Cap: $571.51 million
- Outstanding Shares: 20,521,000
- 50 Day Moving Avg: $25.72
- 200 Day Moving Avg: $24.12
- 52 Week Range: $20.85 - $30.50
Sales & Book Value:
- Trailing P/E Ratio: 8.11
- Foreward P/E Ratio: 6.96
- P/E Growth: 0.76
- Annual Revenue: $1.91 billion
- Price / Sales: 0.30
- Book Value: $12.44 per share
- Price / Book: 2.24
- Annual Dividend: $0.44
- Dividend Yield: 1.6%
- EBITDA: $185.76 million
- Net Margins: 3.76%
- Return on Equity: 33.20%
- Return on Assets: 6.20%
- Debt-to-Equity Ratio: 1.47%
- Current Ratio: 1.20%
- Quick Ratio: 1.04%
- Average Volume: 95,682 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, October 20th. Shareholders of record on Friday, November 10th will be given a dividend of $0.12 per share on Friday, December 8th. This represents a $0.48 annualized dividend and a yield of 1.72%. This is a positive change from Tower International's previous quarterly dividend of $0.11. View Tower International's Dividend History.
How were Tower International's earnings last quarter?
Tower International, Inc. (NYSE:TOWR) posted its earnings results on Wednesday, July, 26th. The company reported $0.97 earnings per share (EPS) 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 analysts' expectations of $494.87 million. Tower International had a net margin of 3.76% and a return on equity of 33.20%. The company's revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.81 earnings per share. View Tower International's Earnings History.
When will Tower International make its next earnings announcement?
What guidance has Tower International issued on next quarter's earnings?
Tower International updated its FY17 earnings guidance on Wednesday, July, 26th. The company provided 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 equities research analysts have issued 12-month price targets for Tower International's stock. 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 twelve months. 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?
Some companies that are related to Tower International include Standard Motor Products (SMP), Modine Manufacturing Company (MOD), Douglas Dynamics (PLOW), Spartan Motors (SPAR), Motorcar Parts of America (MPAA), Westport Fuel Systems (WPRT), Horizon Global Corporation (HZN), Superior Industries International (SUP), Commercial Vehicle Group (CVGI), China Automotive Systems (CAAS), Power Solutions International (PSIX), SORL Auto Parts (SORL), Autobytel (AUTO), Fenix Parts (FENX), Bayer Motoren Werk (BAMXY) and Federal-Mogul Holdings LLC (FDML).
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 number of of retail and institutional investors. Top institutional investors 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 bought 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?
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 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.
One share of Tower International stock can currently be purchased for approximately $27.85.
Consensus Ratings for Tower International (NYSE:TOWR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.33)|
|Consensus Price Target: ||$32.67 (17.30% upside)|Consensus Price Target History for Tower International (NYSE:TOWR)
Analysts' Ratings History for Tower International (NYSE:TOWR)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|6/30/2017||FBR & Co||Reiterated Rating||Outperform||$40.00||Low|
|2/15/2017||Citigroup Inc.||Downgrade||Buy -> Neutral||$29.00 -> $30.00||N/A|
|11/3/2016||J P Morgan Chase & Co||Reiterated Rating||Hold||$28.00||N/A|
|8/9/2016||Seaport Global Securities||Initiated Coverage||Buy||$35.00||N/A|
|7/18/2016||Wells Fargo & Company||Reiterated Rating||Hold||$24.00||N/A|
Earnings History for Tower International (NYSE:TOWR)Earnings History by Quarter for Tower International (NYSE TOWR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||Q2 2017||$0.92||$0.97||$494.87 million||$489.93 million||View||N/A|
|5/2/2017||Q1 2017||$0.60||$0.76||$476.75 million||$497.60 million||View||Listen|
|2/14/2017||Q416||$0.96||$1.02||$465.15 million||$462.30 million||View||Listen|
|11/2/2016||Q316||$0.80||$0.90||$468.20 million||$457.00 million||View||Listen|
|7/26/2016||Q216||$0.71||$0.81||$504.70 million||$505.10 million||View||Listen|
|4/28/2016||Q116||$0.56||$0.63||$506.98 million||$511.00 million||View||Listen|
|2/11/2016||Q415||$0.63||$0.67||$489.30 million||$494.00 million||View||Listen|
|10/30/2015||Q315||$0.64||$0.67||$489.16 million||$475.20 million||View||Listen|
|7/30/2015||Q215||$0.98||$1.05||$497.82 million||$490.30 million||View||Listen|
|5/7/2015||Q115||$0.61||$0.82||$509.01 million||$497.00 million||View||Listen|
|2/12/2015||Q414||$0.72||$0.84||$525.86 million||$534.00 million||View||Listen|
|10/30/2014||Q314||$0.57||$0.73||$524.50 million||$523.00 million||View||Listen|
|7/31/2014||Q214||$0.81||$0.93||$571.83 million||$576.57 million||View||Listen|
|4/30/2014||Q114||$0.65||$0.72||$550.30 million||$548.00 million||View||Listen|
|2/13/2014||Q413||$0.44||$0.45||$516.67 million||$517.00 million||View||Listen|
|10/30/2013||Q313||$0.26||$0.48||$506.23 million||$495.00 million||View||Listen|
|7/22/2013||Q2 2013||$0.60||$1.03||$552.19 million||$556.00 million||View||Listen|
|5/2/2013||Q1 2013||$0.03||$0.32||$519.81 million||$534.00 million||View||Listen|
|2/15/2013||Q4 2012||($0.11)||$0.05||$497.85 million||$508.00 million||View||Listen|
|11/1/2012||Q312||($0.21)||($0.18)||$557.01 million||$564.00 million||View||N/A|
Earnings Estimates for Tower International (NYSE:TOWR)
Current Year EPS Consensus Estimate: $3.64 EPS
Next Year EPS Consensus Estimate: $4 EPS
Current Dividend Information for Tower International (NYSE:TOWR)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||12.87% (Trailing 12 Months of Earnings) |
12.09% (Based on This Year's Estimates)
11.00% (Based on Next Year's Estimates)
Dividend History by Quarter for Tower International (NYSE TOWR)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Tower International (NYSE:TOWR)
Insider Ownership Percentage: 6.20%Insider Trades by Quarter for Tower International (NYSE:TOWR)
Institutional Ownership Percentage: 88.72%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/17/2017||Michael Rajkovic||COO||Sell||60,000||$28.07||$1,684,200.00|| |
|6/28/2016||James C Gouin||CFO||Buy||2,500||$19.66||$49,150.00|| |
|6/28/2016||Thomas K Brown||Director||Buy||6,390||$19.70||$125,883.00|| |
|5/25/2016||Nicholas D Chabraja||Director||Buy||4,000||$21.03||$84,120.00|| |
|8/18/2014||James Bernard||Insider||Sell||18,218||$34.09||$621,051.62|| |
|6/9/2014||Paer Malmhagen||Insider||Sell||5,161||$32.96||$170,106.56|| |
|6/5/2014||Paul Eugene Radkoski||SVP||Sell||24,717||$31.03||$766,968.51|| |
|5/28/2014||William Cook||SVP||Sell||29,205||$30.80||$899,514.00|| |
|5/9/2014||Paul Eugene Radkoski||SVP||Sell||4,332||$27.80||$120,429.60|| |
|5/2/2014||James Bernard||Insider||Sell||22,543||$28.52||$642,926.36|| |
|2/18/2014||Jeffrey Kersten||SVP||Sell||10,000||$25.00||$250,000.00|| |
|11/8/2013||Stephen Feinberg||major shareholder||Sell||3,450,000||$20.10||$69,345,000.00|| |
|9/9/2013||William Cook||SVP||Sell||15,058||$21.50||$323,747.00|| |
|9/5/2013||James C Gouin||CFO||Sell||10,600||$21.50||$227,900.00|| |
|8/26/2013||James Gouin||CFO||Sell||14,400||$21.50||$309,600.00|| |
|8/14/2013||James Gouin||CFO||Sell||36,000||$21.57||$776,520.00|| |
|8/12/2013||James Gouin||CFO||Sell||14,000||$21.57||$301,980.00|| |
|8/2/2013||James Bernard||Insider||Sell||11,608||$22.50||$261,180.00|| |
|8/2/2013||Michael Rajkovic||COO||Sell||85,535||$22.11||$1,891,178.85|| |
|7/30/2013||Stephen Feinberg||Major Shareholder||Sell||7,888,122||$20.24||$159,655,589.28|| |
|7/26/2013||James Bernard||Insider||Sell||3,513||$21.00||$73,773.00|| |
|6/7/2013||Jeffrey L Kersten||SVP||Sell||4,000||$19.00||$76,000.00|| |
|6/7/2013||Paer Malmhagen||Insider||Sell||5,760||$19.01||$109,497.60|| |
|6/4/2013||Michael Rajkovic||COO||Sell||149,194||$18.65||$2,782,468.10|| |
|5/31/2013||Jeffrey L Kersten||SVP||Sell||14,517||$19.08||$276,984.36|| |
|5/30/2013||Paul Eugene Radkoski||SVP||Sell||38,079||$18.87||$718,550.73|| |
|9/17/2012||Nicholas D Chabraja||Director||Buy||2,000||$8.01||$16,020.00|| |
|9/6/2012||Mark Malcolm||CEO||Buy||74,451||$7.18||$534,558.18|| |
|8/15/2012||Frank E Jr. English||Director||Buy||1,000||$8.45||$8,450.00|| |
Headline Trends for Tower International (NYSE:TOWR)
Latest Headlines for Tower International (NYSE:TOWR)
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Tower International (TOWR) Chart for Monday, October, 23, 2017