Tower International Inc(NYSE:TOWR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $462.274M. Analysts estimated a revenue of $465.150M. The revenues were -0.62% below the estimates. Earnings per share were $1.02. The reported EPS was above estimates by 6.25%. Analysts had estimated an EPS of $0.96.
Tower International Inc (TOWR) made into the market gainers list on Wednesdays trading session with the shares advancing 1.25% or 0.35 points. Due to strong positive momentum, the stock ended at $28.4, which is also near the day’s high of $28.65. The stock began the session at $28.05 and the volume stood at 1,67,581 shares. The 52-week high of the shares is $29.05 and the 52 week low is $18.75. The company has a current market capitalization of $578 M and it has 2,03,39,114 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Jun 30, 2016, James C Gouin (CFO) purchased 2,500 shares at $19.66 per share price.Also, On Jun 30, 2016, Nicholas D Chabraja (director) purchased 4,000 shares at $19.42 per share price.On Jun 30, 2016, Thomas K Brown (director) purchased 6,390 shares at $19.70 per share price, according to the Form-4 filing with the securities and exchange commission.
Tower International Inc. is a global manufacturer of engineered automotive structural metal components and assemblies serving automotive original equipment manufacturers (OEMs). The Company operates in two segments: the Americas and International. The International segment consists of Europe and Asia and the Americas segment consists of North and South America. The Company offers its automotive customers a product portfolio supplying body-structure stampings frame and other chassis structures and complex welded assemblies for small and large cars crossovers pickups and sport utility vehicles (SUVs). The Company’s products are manufactured at 27 facilities located in North America Europe Brazil and China. The Company supports its manufacturing operations through seven engineering and sales locations around the world. The Company produces a range of structural components and assemblies.