Tower International (TOWR) Issues FY18 Earnings Guidance
Tower International (NYSE:TOWR) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $4.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.06. The company issued revenue guidance of $2.14 billion, compared to the consensus revenue estimate of $2.07 billion.
Several brokerages have commented on TOWR. Zacks Investment Research raised shares of Tower International from a hold rating to a buy rating and set a $35.00 price target on the stock in a research report on Thursday, December 21st. BidaskClub cut shares of Tower International from a buy rating to a hold rating in a research report on Tuesday, November 7th. B. Riley reissued a buy rating on shares of Tower International in a research report on Wednesday, November 1st. ValuEngine cut shares of Tower International from a strong-buy rating to a buy rating in a research report on Thursday, December 7th. Finally, FBR & Co restated a buy rating and set a $40.00 price objective on shares of Tower International in a research note on Tuesday, October 31st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $34.00.
Tower International (NYSE:TOWR) opened at $28.45 on Thursday. The firm has a market cap of $519.37, a PE ratio of 6.75, a PEG ratio of 0.62 and a beta of 2.48. Tower International has a 52 week low of $21.00 and a 52 week high of $33.65. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.01 and a current ratio of 1.18.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 9th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, February 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.69%. Tower International’s dividend payout ratio is presently 21.05%.
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About Tower International
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).
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