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.

Several other analysts also recently weighed in on TKR. Stifel Nicolaus lowered their price objective on Timken from $53.00 to $52.00 and set a “hold” rating for the company in a research report on Thursday. Zacks Investment Research downgraded Timken from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Jefferies Group restated a “hold” rating and set a $50.00 target price on shares of Timken in a report on Thursday, October 26th. Finally, Longbow Research upgraded Timken from a “neutral” rating to a “buy” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Timken has an average rating of “Hold” and a consensus target price of $52.25.

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%.

TRADEMARK VIOLATION NOTICE: “Q1 2019 Earnings Forecast for Timken Co (TKR) Issued By KeyCorp” was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.dailypolitical.com/2018/02/10/q1-2019-earnings-forecast-for-timken-co-tkr-issued-by-keycorp.html.

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.

Earnings History and Estimates for Timken (NYSE:TKR)

Receive News & Ratings for Timken Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Timken and related companies with MarketBeat.com's FREE daily email newsletter.