Tower International (NYSE:TOWR) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.50-2.50 for the period. The company issued revenue guidance of $1.65-1.65 billion, compared to the consensus revenue estimate of $1.92 billion.Tower International also updated its FY 2020 guidance to EPS.
A number of research firms have recently weighed in on TOWR. Seaport Global Securities began coverage on Tower International in a research report on Wednesday. They set a neutral rating for the company. ValuEngine downgraded Tower International from a hold rating to a sell rating in a research report on Wednesday. Finally, Zacks Investment Research downgraded Tower International from a hold rating to a sell rating in a research report on Saturday, January 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Tower International has an average rating of Hold and an average target price of $30.50.
Shares of TOWR stock traded up $1.90 on Wednesday, hitting $25.30. 4,820 shares of the company’s stock were exchanged, compared to its average volume of 145,698. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 0.93. Tower International has a 12 month low of $22.67 and a 12 month high of $36.65. The company has a market cap of $521.15 million, a P/E ratio of 6.65, a P/E/G ratio of 0.85 and a beta of 2.19.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Thursday, February 7th will be paid a $0.13 dividend. The ex-dividend date is Wednesday, February 6th. This represents a $0.52 annualized dividend and a dividend yield of 2.06%. Tower International’s payout ratio is 13.83%.
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Tower International Company Profile
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.
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