Q1 2019 Earnings Forecast for Timken Co (TKR) Issued By KeyCorp
Timken Co (NYSE:TKR) – Analysts at KeyCorp issued their Q1 2019 EPS estimates for Timken in a research report issued to clients and investors on Wednesday. KeyCorp analyst S. Barger anticipates that the industrial products company will post earnings of $0.79 per share for the quarter. KeyCorp also issued estimates for Timken’s Q2 2019 earnings at $0.96 EPS, Q3 2019 earnings at $0.92 EPS, Q4 2019 earnings at $0.94 EPS and FY2019 earnings at $3.61 EPS.
Timken (NYSE:TKR) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Timken had a return on equity of 14.55% and a net margin of 6.77%. The firm had revenue of $778.00 million during the quarter, compared to the consensus estimate of $767.98 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The business’s revenue was up 18.8% on a year-over-year basis.
Shares of Timken (NYSE TKR) traded up $0.50 during mid-day trading on Friday, reaching $44.45. The company’s stock had a trading volume of 1,285,019 shares, compared to its average volume of 885,637. The company has a quick ratio of 1.38, a current ratio of 2.23 and a debt-to-equity ratio of 0.58. Timken has a 12-month low of $41.78 and a 12-month high of $55.65. The company has a market capitalization of $3,411.27, a P/E ratio of 17.30, a P/E/G ratio of 1.17 and a beta of 1.44.
Institutional investors have recently made changes to their positions in the stock. Cerebellum GP LLC bought a new position in shares of Timken during the fourth quarter valued at approximately $128,000. Contravisory Investment Management Inc. bought a new position in shares of Timken during the fourth quarter valued at approximately $148,000. Advisor Group Inc. raised its holdings in shares of Timken by 19.7% during the second quarter. Advisor Group Inc. now owns 4,051 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 666 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Timken during the fourth quarter valued at approximately $201,000. Finally, Creative Planning bought a new position in shares of Timken during the fourth quarter valued at approximately $210,000. Institutional investors own 79.33% of the company’s stock.
In related news, insider Richard G. Kyle sold 9,242 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $49.75, for a total transaction of $459,789.50. Following the completion of the transaction, the insider now owns 89,236 shares in the company, valued at $4,439,491. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 11.08% of the stock is owned by corporate insiders.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Tuesday, February 20th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.43%. Timken’s dividend payout ratio is presently 42.02%.
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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.
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