Analysts Expect The Timken Company (NYSE:TKR) to Announce $1.30 Earnings Per Share

Wall Street brokerages expect that The Timken Company (NYSE:TKR) will report earnings per share (EPS) of $1.30 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for The Timken’s earnings, with the lowest EPS estimate coming in at $1.15 and the highest estimate coming in at $1.39. The Timken posted earnings per share of $1.13 during the same quarter last year, which would indicate a positive year-over-year growth rate of 15%. The business is expected to announce its next earnings report on Thursday, November 4th.

According to Zacks, analysts expect that The Timken will report full-year earnings of $5.20 per share for the current fiscal year, with EPS estimates ranging from $4.90 to $5.41. For the next year, analysts forecast that the firm will report earnings of $5.97 per share, with EPS estimates ranging from $5.70 to $6.15. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow The Timken.

The Timken (NYSE:TKR) last released its quarterly earnings results on Sunday, August 1st. The industrial products company reported $1.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.44 by ($0.07). The Timken had a return on equity of 16.29% and a net margin of 9.29%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the firm posted $1.02 earnings per share. The business’s revenue for the quarter was up 32.3% on a year-over-year basis.

TKR has been the topic of a number of research reports. Evercore ISI lowered their target price on The Timken from $87.00 to $78.00 in a research report on Thursday. Morgan Stanley reduced their price objective on The Timken from $91.00 to $84.00 and set an “equal weight” rating for the company in a research note on Monday, August 9th. Finally, Jefferies Financial Group reduced their price objective on The Timken from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $90.25.

TKR traded down $1.65 during trading on Wednesday, hitting $65.77. The company’s stock had a trading volume of 4,193 shares, compared to its average volume of 559,951. The Timken has a twelve month low of $52.51 and a twelve month high of $92.39. The company has a quick ratio of 1.49, a current ratio of 2.56 and a debt-to-equity ratio of 0.60. The stock’s fifty day moving average price is $74.99 and its 200-day moving average price is $80.57. The firm has a market capitalization of $5.02 billion, a P/E ratio of 14.41, a PEG ratio of 6.83 and a beta of 1.72.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 3rd. Shareholders of record on Friday, August 20th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 19th. This represents a $1.20 annualized dividend and a dividend yield of 1.82%. The Timken’s payout ratio is currently 29.27%.

Several large investors have recently added to or reduced their stakes in TKR. Eagle Bay Advisors LLC purchased a new stake in shares of The Timken in the 2nd quarter valued at about $27,000. Rockefeller Capital Management L.P. raised its holdings in shares of The Timken by 260.2% in the 1st quarter. Rockefeller Capital Management L.P. now owns 407 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 294 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of The Timken in the 2nd quarter valued at about $32,000. Quadrant Capital Group LLC raised its holdings in shares of The Timken by 41.3% in the 1st quarter. Quadrant Capital Group LLC now owns 585 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 171 shares in the last quarter. Finally, FORA Capital LLC purchased a new stake in shares of The Timken in the 2nd quarter valued at about $47,000. 80.33% of the stock is currently owned by hedge funds and other institutional investors.

The Timken Company Profile

The Timken Co engages in the engineering, manufacturing and marketing of bearings and power transmission products. It offers gearboxes, belts, chain, lubrication systems, couplings, industrial clutches and brakes. It operates through the Mobile Industries and Process Industries segments. The Mobile Industries segment serves OEM customers that manufacture off-highway equipment for the agricultural, mining and construction markets; on-highway vehicles including passenger cars, light trucks, and medium- and heavy-duty trucks; rail cars and locomotives; outdoor power equipment; and rotorcraft and fixed-wing aircraft.

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Earnings History and Estimates for The Timken (NYSE:TKR)

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