$1.14 Earnings Per Share Expected for The Timken Company (NYSE:TKR) This Quarter

Equities analysts forecast that The Timken Company (NYSE:TKRGet Rating) will announce earnings of $1.14 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Timken’s earnings. The lowest EPS estimate is $1.00 and the highest is $1.27. Timken reported earnings of $1.38 per share in the same quarter last year, which indicates a negative year over year growth rate of 17.4%. The company is scheduled to report its next quarterly earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Timken will report full-year earnings of $5.21 per share for the current fiscal year, with EPS estimates ranging from $5.14 to $5.28. For the next year, analysts anticipate that the company will post earnings of $6.13 per share, with EPS estimates ranging from $5.90 to $6.50. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Timken.

Timken (NYSE:TKRGet Rating) last announced its quarterly earnings data on Thursday, February 3rd. The industrial products company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.14). Timken had a net margin of 8.93% and a return on equity of 15.51%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $982.62 million. During the same quarter last year, the company earned $0.84 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year.

Several analysts have issued reports on the company. Bank of America downgraded Timken from a “buy” rating to a “neutral” rating and dropped their price target for the company from $85.00 to $80.00 in a research note on Friday, January 7th. Evercore ISI raised shares of Timken from an “in-line” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research report on Tuesday, February 15th. They noted that the move was a valuation call. Oppenheimer began coverage on shares of Timken in a report on Wednesday, April 13th. They issued an “outperform” rating and a $75.00 price objective for the company. Zacks Investment Research upgraded shares of Timken from a “sell” rating to a “hold” rating and set a $59.00 price objective on the stock in a research report on Thursday, April 7th. Finally, StockNews.com lowered Timken from a “buy” rating to a “hold” rating in a research note on Tuesday. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Timken presently has an average rating of “Hold” and a consensus price target of $78.00.

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 18th. The stock was sold at an average price of $68.32, for a total value of $341,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 10.79% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cozad Asset Management Inc. boosted its stake in Timken by 0.5% during the third quarter. Cozad Asset Management Inc. now owns 28,017 shares of the industrial products company’s stock worth $1,833,000 after acquiring an additional 140 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Timken by 0.6% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,926 shares of the industrial products company’s stock valued at $1,500,000 after purchasing an additional 145 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Timken by 6.7% during the fourth quarter. First Horizon Advisors Inc. now owns 2,426 shares of the industrial products company’s stock valued at $167,000 after purchasing an additional 152 shares in the last quarter. TCI Wealth Advisors Inc. raised its stake in shares of Timken by 101.7% in the fourth quarter. TCI Wealth Advisors Inc. now owns 361 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 182 shares during the period. Finally, Eaton Vance Management increased its stake in Timken by 0.4% in the 4th quarter. Eaton Vance Management now owns 44,434 shares of the industrial products company’s stock worth $3,026,000 after buying an additional 195 shares during the period. Institutional investors own 80.55% of the company’s stock.

TKR stock opened at $58.75 on Friday. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 12.27 and a beta of 1.64. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.47 and a quick ratio of 1.31. The business has a fifty day moving average price of $62.15 and a 200 day moving average price of $67.31. Timken has a fifty-two week low of $55.32 and a fifty-two week high of $92.39.

The company also recently announced a quarterly dividend, which was paid on Friday, March 4th. Shareholders of record on Tuesday, February 22nd were given a $0.30 dividend. The ex-dividend date was Friday, February 18th. This is an increase from Timken’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.04%. Timken’s dividend payout ratio (DPR) is currently 25.05%.

About Timken (Get Rating)

The Timken Company designs, manufactures, and manages engineered bearings and power transmission products worldwide. It operates in two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, and lubrication devices and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches, brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end-users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.

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