Tower International (TOWR) Earns Daily Media Impact Rating of 0.03

Media stories about Tower International (NYSE:TOWR) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tower International earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned media stories about the auto parts company an impact score of 46.2517877143233 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

TOWR has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Tower International from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Tuesday, September 26th. BidaskClub lowered shares of Tower International from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. ValuEngine lowered shares of Tower International from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. B. Riley reiterated a “buy” rating on shares of Tower International in a research report on Wednesday, November 1st. Finally, TheStreet upgraded shares of Tower International from a “c+” rating to a “b” rating in a research report on Thursday, September 28th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $33.67.

Tower International (NYSE:TOWR) traded up $0.10 during trading hours on Friday, reaching $32.30. 63,691 shares of the company’s stock were exchanged, compared to its average volume of 106,135. The firm has a market capitalization of $663.07, a price-to-earnings ratio of 8.97, a PEG ratio of 0.87 and a beta of 2.69. 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.

Tower International (NYSE:TOWR) last released its quarterly earnings results on Monday, October 30th. The auto parts company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.08. The firm had revenue of $462.00 million for the quarter, compared to analyst estimates of $451.73 million. Tower International had a net margin of 3.58% and a return on equity of 30.51%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 earnings per share. analysts expect that Tower International will post 3.7 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This is a positive change from Tower International’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.49%. Tower International’s payout ratio is 15.64%.

In other Tower International news, SVP William Cook sold 6,601 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $31.87, for a total value of $210,373.87. Following the transaction, the senior vice president now directly owns 11,917 shares in the company, valued at $379,794.79. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.20% of the stock is owned by insiders.

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Tower International Company Profile

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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