News coverage about Tower International (NYSE:TOWR) has trended somewhat positive recently, Accern reports. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tower International earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news articles about the auto parts company an impact score of 46.6449816780009 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Financial Survey: Tower International (TOWR) versus Allison Transmission (ALSN) (americanbankingnews.com)
- Bethenny Frankel’s Longtime Friend, One-Time Boyfriend Found Dead of Apparent Overdose at Trump Tower (nbcmiami.com)
- Tower International taking applications on Saturday (blufftonicon.com)
- Silvery Towers labor woes draw accusations of human trafficking and slave labor (mercurynews.com)
- International Tower: 2Q Earnings Snapshot (uk.news.yahoo.com)
Several research firms recently commented on TOWR. ValuEngine lowered shares of Tower International from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Zacks Investment Research lowered shares of Tower International from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Citigroup upped their price target on shares of Tower International from $29.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Roth Capital initiated coverage on shares of Tower International in a research note on Thursday, May 24th. They set a “buy” rating and a $41.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $35.20.
Tower International traded up $0.30, reaching $33.40, during mid-day trading on Friday, according to MarketBeat Ratings. 163,679 shares of the stock were exchanged, compared to its average volume of 97,585. Tower International has a 1 year low of $21.25 and a 1 year high of $34.55. The company has a market capitalization of $681.99 million, a PE ratio of 8.88, a price-to-earnings-growth ratio of 1.00 and a beta of 2.27. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.98 and a current ratio of 1.16.
Tower International (NYSE:TOWR) last announced its quarterly earnings results on Tuesday, July 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.01. The firm had revenue of $556.01 million for the quarter, compared to the consensus estimate of $554.90 million. Tower International had a net margin of 2.39% and a return on equity of 28.42%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 earnings per share. equities analysts expect that Tower International will post 4.12 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Shareholders of record on Thursday, August 9th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, August 8th. Tower International’s payout ratio is 12.77%.
In other Tower International news, COO Michael Rajkovic sold 17,764 shares of the stock in a transaction on Tuesday, June 26th. The shares were sold at an average price of $33.38, for a total transaction of $592,962.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.20% of the company’s stock.
About Tower International
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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