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 Ratio1.18
Current Ratio1.12
Quick Ratio0.97
Price-To-Earnings
Trailing P/E Ratio8.63
Forward P/E Ratio7.84
P/E Growth1
Sales & Book Value
Annual Sales$1.99 billion
Price / Sales0.33
Cash Flow$7.3744 per share
Price / Cash4.38
Book Value$13.15 per share
Price / Book2.46
Profitability
EPS (Most Recent Fiscal Year)$3.76
Net Income$47.62 million
Net Margins2.32%
Return on Equity28.77%
Return on Assets6.15%
Miscellaneous
Employees7,600
Outstanding Shares20,590,000
Market Cap$675.52
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 Tuesday, July 17th. Investors of record on Thursday, August 9th will be given a dividend of $0.12 per share on Friday, September 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.49%. 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) issued its quarterly earnings results on Thursday, May, 3rd. The auto parts company reported $0.82 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.80 by $0.02. The auto parts company had revenue of $563.51 million for the quarter, compared to the consensus estimate of $546.67 million. Tower International had a return on equity of 28.77% and a net margin of 2.32%. The company's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business earned $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 earnings per share (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 brokers have issued 1 year target prices for Tower International's stock. Their forecasts range from $31.00 to $41.00. On average, they anticipate Tower International's stock price to reach $37.3333 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price. View Analyst Ratings for Tower International.
What is the consensus analysts' recommendation for Tower International?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tower International in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
Who are some of Tower International's key competitors?
Some companies that are related to Tower International include Cooper Standard (CPS), LCI Industries (LCII), Dorman Products (DORM), Tenneco (TEN), American Axle & Manufact. (AXL), Meritor (MTOR), Gentherm (THRM), Standard Motor Products (SMP), Stoneridge (SRI), Modine Manufacturing (MOD), Lydall (LDL), Iochpe-Maxion (IOCJY), 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?
Press coverage about TOWR stock has trended somewhat negative recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press 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 positive one, with scores closest to one being the most favorable. Tower International earned a news impact score of -0.03 on Accern's scale. They also gave media stories about the auto parts company an impact score of 46.91 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are Tower International's major shareholders?
Tower International's stock is owned by a number of of retail and institutional investors. Top institutional investors include James Investment Research Inc. (0.37%) and Hartford Investment Management Co. (0.04%). Company insiders that own Tower International stock include Michael Rajkovic and William Cook. View Institutional Ownership Trends for Tower International.
Which institutional investors are buying Tower International stock?
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 $32.30.
How big of a company is Tower International?
Tower International has a market capitalization of $675.52 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 (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.
