The Timken Company (NYSE:TKR) Expected to Post Earnings of $1.35 Per Share

Wall Street brokerages expect that The Timken Company (NYSE:TKR – Get Rating) will post $1.35 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Timken’s earnings. The lowest EPS estimate is $1.25 and the highest is $1.46. Timken reported earnings of $1.37 per share in the same quarter last year, which would suggest a negative year over year growth rate of 1.5%. The firm is expected to report its next earnings report on Monday, January 1st.

On average, analysts expect that Timken will report full-year earnings of $5.30 per share for the current year, with EPS estimates ranging from $5.20 to $5.46. For the next financial year, analysts forecast that the business will post earnings of $6.16 per share, with EPS estimates ranging from $5.96 to $6.36. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Timken.

Timken (NYSE:TKR – Get Rating) last released its earnings results on Monday, May 2nd. The industrial products company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.46. Timken had a return on equity of 15.97% and a net margin of 8.84%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the firm posted $1.38 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis.

Several equities research analysts recently commented on TKR shares. The Goldman Sachs Group dropped their price objective on Timken from $74.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, April 7th. Morgan Stanley dropped their target price on Timken from $76.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Monday, April 18th. KeyCorp cut their target price on shares of Timken from $84.00 to $75.00 in a research report on Tuesday, May 3rd. StockNews.com upgraded shares of Timken from a “hold” rating to a “buy” rating in a research report on Tuesday, May 3rd. Finally, Evercore ISI raised shares of Timken from an “in-line” rating to an “outperform” rating and set a $78.00 price target on the stock in a report on Tuesday, February 15th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $77.10.

In other news, CFO Philip D. Fracassa sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 18th. The shares were sold at an average price of $68.32, for a total transaction of $341,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 10.79% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. TCI Wealth Advisors Inc. raised its holdings in shares of Timken by 101.7% during the 4th quarter. TCI Wealth Advisors Inc. now owns 361 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 182 shares during the period. CWM LLC purchased a new position in shares of Timken during the 4th quarter worth $28,000. Confluence Wealth Services Inc. purchased a new position in shares of Timken during the 4th quarter worth $30,000. GPS Wealth Strategies Group LLC purchased a new position in shares of Timken during the 1st quarter worth $30,000. Finally, Covestor Ltd purchased a new position in shares of Timken during the 4th quarter worth $70,000. Institutional investors own 80.18% of the company’s stock.

NYSE TKR opened at $58.28 on Friday. The company has a current ratio of 2.94, a quick ratio of 1.66 and a debt-to-equity ratio of 0.74. Timken has a 12 month low of $55.32 and a 12 month high of $90.60. The stock has a market cap of $4.32 billion, a P/E ratio of 11.94, a P/E/G ratio of 0.91 and a beta of 1.56. The stock’s fifty day moving average price is $60.02 and its 200-day moving average price is $66.01.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Monday, May 16th will be given a $0.31 dividend. This is a positive change from Timken’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Friday, May 13th. Timken’s dividend payout ratio (DPR) is presently 24.59%.

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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