Zacks: Analysts Anticipate Timken Co (TKR) to Publish $0.62 Revenue Per Share

Zacks: Analysts Anticipate Timken Co (TKR) to Publish $0.62 Revenue Per Share

Equities research analysts predict that Timken Co (NYSE:TKR) will post earnings of $0.62 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Timken’s earnings. The lowest EPS estimate is $0.57 and the highest is $0.65. Timken reported earnings of $0.55 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.7%. The business is scheduled to issue its next earnings report on Thursday, July 27th.

According to Zacks, analysts expect that Timken will report full-year earnings of $2.43 per share for the current financial year, with EPS estimates ranging from $2.41 to $2.45. For the next year, analysts forecast that the firm will post earnings of $2.66 per share, with EPS estimates ranging from $2.20 to $2.83. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Timken.

Timken (NYSE:TKR) last released its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.12. Timken had a net margin of 5.72% and a return on equity of 11.56%. The company had revenue of $703.80 million for the quarter, compared to analysts’ expectations of $649.70 million. During the same period last year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year.

Several research firms recently weighed in on TKR. TheStreet upgraded Timken from a “c” rating to a “b-” rating in a report on Thursday, February 9th. Stifel Nicolaus boosted their target price on Timken from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Zacks Investment Research lowered Timken from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Finally, Jefferies Group LLC boosted their target price on Timken to $45.00 in a report on Monday, February 13th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Timken currently has an average rating of “Buy” and an average price target of $45.71.

Timken (NYSE:TKR) traded down 0.22% during midday trading on Friday, hitting $46.35. 76,887 shares of the company’s stock traded hands. The company has a 50 day moving average of $46.83 and a 200-day moving average of $43.69. The company has a market capitalization of $3.61 billion, a PE ratio of 29.47 and a beta of 1.39. Timken has a 52 week low of $28.72 and a 52 week high of $51.75.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Friday, May 19th were issued a dividend of $0.27 per share. The ex-dividend date was Wednesday, May 17th. This is a positive change from Timken’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.33%. Timken’s payout ratio is 54.17%.

In other news, VP Ronald J. Myers sold 5,198 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $48.12, for a total transaction of $250,127.76. Following the completion of the transaction, the vice president now directly owns 11,453 shares in the company, valued at $551,118.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jacqueline F. Woods sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $46.02, for a total value of $59,826.00. Following the transaction, the director now owns 19,249 shares of the company’s stock, valued at $885,838.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,078 shares of company stock valued at $1,871,839. Corporate insiders own 10.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tyers Asset Management LLC acquired a new position in shares of Timken during the fourth quarter worth approximately $130,000. TrimTabs Asset Management LLC raised its position in shares of Timken by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 3,110 shares of the industrial products company’s stock worth $141,000 after buying an additional 1,464 shares during the period. James Investment Research Inc. acquired a new position in shares of Timken during the first quarter worth approximately $144,000. Flinton Capital Management LLC acquired a new position in shares of Timken during the fourth quarter worth approximately $158,000. Finally, Robecosam AG acquired a new position in shares of Timken during the first quarter worth approximately $158,000. Institutional investors own 75.87% of the company’s stock.

About Timken

The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain, couplings and related products and offers a spectrum of power system rebuild and repair services across the world. The Company operates through two segments: Mobile Industries and Process Industries.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TKR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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