Tower International Company Profile (NYSE:TOWR)

Tower International trades on the New York Stock Exchange (NYSE) under the ticker symbol "TOWR."

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 annualized dividend and a yield of 1.75%. The ex-dividend date is Tuesday, August 8th. View Tower International's Dividend History.

Tower International, Inc. (NYSE:TOWR) released its earnings results on Wednesday, July, 26th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.92 by $0.05. The company 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 firm's quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 earnings per share. View Tower International's Earnings History.

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

Tower International updated 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 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.

3 brokers have issued 1 year target prices for Tower International's shares. Their predictions range from $28.00 to $40.00. On average, they expect Tower International's stock price to reach $32.67 in the next year. View Analyst Ratings for Tower International.

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. " (7/21/2017)
• 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)

Some companies that are related to Tower International include Modine Manufacturing Company (MOD), Douglas Dynamics (PLOW), Motorcar Parts of America (MPAA), Horizon Global Corporation (HZN), Superior Industries International (SUP), Spartan Motors (SPAR), Westport Fuel Systems (WPRT), Commercial Vehicle Group (CVGI), China Automotive Systems (CAAS), Strattec Security Corporation (STRT), Power Solutions International (PSIX), SORL Auto Parts (SORL), Fenix Parts (FENX), Bayer Motoren Werk (BAMXY), Continental AG (CTTAY), Federal-Mogul Holdings LLC (FDML) and Fuji Heavy Industries (FUJHY).

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

Tower International's stock is owned by a variety of of retail and institutional investors. Top institutional investors include LSV Asset Management (5.28%), Prudential PLC (3.35%), Ameriprise Financial Inc. (3.15%), Thrivent Financial For Lutherans (2.54%), State Street Corp (1.95%) and Bank of New York Mellon Corp (1.28%). 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.

Tower International's stock was sold by a variety of institutional investors in the last quarter, including Phocas Financial Corp., James Investment Research Inc., Cornerstone Capital Management Holdings LLC., New York State Common Retirement Fund, Tudor Investment Corp ET AL, California State Teachers Retirement System, California Public Employees Retirement System and Smith Asset Management Group LP. View Insider Buying and Selling for Tower International.

Tower International's stock was purchased by a variety of institutional investors in the last quarter, including Thrivent Financial For Lutherans, Nationwide Fund Advisors, Prudential PLC, First Quadrant L P CA, Ameriprise Financial Inc., Capital Fund Management S.A., State Street Corp and Cigna Investments Inc. New. 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.

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.

One share of Tower International stock can currently be purchased for approximately $25.15.