EPS for Tower International Inc (TOWR) Expected At $0.77

October 13, 2017 - By Marguerite Chambers

 EPS for Tower International Inc (TOWR) Expected At $0.77
Investors sentiment increased to 1.18 in 2017 Q2. Its up 0.15, from 1.03 in 2017Q1. It is positive, as 18 investors sold Tower International Inc shares while 37 reduced holdings. 21 funds opened positions while 44 raised stakes. 18.03 million shares or 0.08% less from 18.04 million shares in 2017Q1 were reported.
Mufg Americas Holding reported 275 shares. 35,006 were reported by California State Teachers Retirement Systems. Aqr Capital Limited Liability Corporation owns 601,812 shares. Tudor Inv Et Al holds 14,277 shares or 0.01% of its portfolio. 149,458 were accumulated by Qs Investors Ltd Company. Grantham Mayo Van Otterloo & Company Llc stated it has 58,565 shares. Secor Cap Advsrs Lp reported 0.15% of its portfolio in Tower International Inc (NYSE:TOWR). Prudential owns 431,569 shares. Millennium Mngmt Ltd Liability has invested 0.01% of its portfolio in Tower International Inc (NYSE:TOWR). Cornerstone Capital Mngmt Limited Liability Corp reported 10,000 shares. Martingale Asset Mgmt L P has 53,126 shares. Cap Fund Mgmt has 18,000 shares for 0% of their portfolio. Advisory Ser Limited Liability Corporation holds 0.01% or 2,169 shares. First Heartland Consultants reported 0.27% of its portfolio in Tower International Inc (NYSE:TOWR). Prudential Plc holds 0.05% of its portfolio in Tower International Inc (NYSE:TOWR) for 688,000 shares.

Analysts await Tower International Inc (NYSE:TOWR) to report earnings on November, 1. They expect $0.77 earnings per share, down 14.44 % or $0.13 from last year’s $0.9 per share. TOWR’s profit will be $15.80M for 8.98 P/E if the $0.77 EPS becomes a reality. After $0.97 actual earnings per share reported by Tower International Inc for the previous quarter, Wall Street now forecasts -20.62 % negative EPS growth. The stock increased 0.18% or $0.05 during the last trading session, reaching $27.65. About 61,066 shares traded. Tower International Inc (NYSE:TOWR) has risen 16.50% since October 14, 2016 and is uptrending. It has underperformed by 0.20% the S&P500.

Tower International Inc (NYSE:TOWR) Ratings Coverage

Among 5 analysts covering Tower International Inc (NYSE:TOWR), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Tower International Inc had 7 analyst reports since October 20, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Monday, March 21 by Wells Fargo. Citigroup downgraded Tower International Inc (NYSE:TOWR) on Wednesday, February 15 to “Neutral” rating. The firm earned “Buy” rating on Tuesday, August 9 by Seaport Global. The rating was maintained by FBR Capital on Friday, June 30 with “Buy”. The firm has “Market Perform” rating given on Friday, April 29 by Wells Fargo. As per Friday, April 29, the company rating was reinitiated by JP Morgan.

Tower International, Inc. is a global maker of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers . The company has market cap of $567.41 million. 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). It has a 8.58 P/E ratio. The Firm offers body structures and assemblies, including structural metal components, such as body pillars, roof rails and side sills.

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