Timken (TKR) to Release Quarterly Earnings on Tuesday

Timken (NYSE:TKR) is scheduled to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect Timken to post earnings of $1.50 per share for the quarter. Timken has set its FY24 guidance at $5.80-6.20 EPS and its FY 2024 guidance at 5.800-6.200 EPS.Investors interested in registering for the company’s conference call can do so using this link.

Timken (NYSE:TKR) last issued its earnings results on Monday, February 5th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.15. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.06 billion. Timken had a net margin of 8.26% and a return on equity of 19.57%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.22 earnings per share. On average, analysts expect Timken to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Timken Trading Up 0.2 %

TKR stock opened at $85.67 on Tuesday. Timken has a 12 month low of $65.71 and a 12 month high of $95.08. The firm’s 50-day moving average is $84.97 and its 200 day moving average is $79.14. The company has a market capitalization of $6.03 billion, a PE ratio of 15.69, a P/E/G ratio of 1.18 and a beta of 1.54. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 0.96.

Timken Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Friday, February 16th. Timken’s dividend payout ratio (DPR) is presently 24.18%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Evercore ISI cut Timken from an “outperform” rating to an “in-line” rating and set a $84.00 price objective on the stock. in a research note on Tuesday, February 20th. StockNews.com lowered Timken from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. The Goldman Sachs Group upped their price objective on shares of Timken from $78.00 to $87.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. Oppenheimer reissued an “outperform” rating and set a $100.00 target price (up previously from $97.00) on shares of Timken in a research report on Thursday, March 21st. Finally, DA Davidson assumed coverage on shares of Timken in a research report on Tuesday, January 23rd. They issued a “buy” rating and a $92.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Timken currently has a consensus rating of “Hold” and a consensus target price of $85.90.

Timken Company Profile

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.