Equities analysts predict that Timken Co (NYSE:TKR) will post $1.24 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Timken’s earnings, with the highest EPS estimate coming in at $1.34 and the lowest estimate coming in at $1.18. Timken posted earnings per share of $1.01 in the same quarter last year, which suggests a positive year over year growth rate of 22.8%. The company is scheduled to issue its next quarterly earnings report on Tuesday, May 7th.

On average, analysts expect that Timken will report full-year earnings of $4.81 per share for the current fiscal year, with EPS estimates ranging from $4.75 to $4.90. For the next year, analysts expect that the company will post earnings of $5.19 per share, with EPS estimates ranging from $4.85 to $5.60. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Timken.

Timken (NYSE:TKR) last posted its quarterly earnings results on Thursday, February 7th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.01). The business had revenue of $910.10 million during the quarter, compared to analyst estimates of $924.65 million. Timken had a return on equity of 20.54% and a net margin of 8.46%. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 EPS.

Several research analysts have issued reports on the stock. ValuEngine lowered shares of Timken from a “hold” rating to a “sell” rating in a research report on Saturday, February 23rd. Zacks Investment Research upgraded shares of Timken from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Finally, Bank of America upgraded shares of Timken from a “neutral” rating to a “buy” rating and set a $40.15 price objective on the stock in a research report on Sunday, December 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $52.43.

Timken stock traded down $2.85 during mid-day trading on Tuesday, hitting $41.63. The company’s stock had a trading volume of 1,170,904 shares, compared to its average volume of 727,361. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 2.53. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 0.76 and a beta of 1.76. Timken has a twelve month low of $33.98 and a twelve month high of $52.45.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Wednesday, February 20th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.69%. The ex-dividend date was Tuesday, February 19th. Timken’s payout ratio is 26.79%.

A number of hedge funds and other institutional investors have recently bought and sold shares of TKR. Bank of New York Mellon Corp grew its position in Timken by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 999,145 shares of the industrial products company’s stock worth $43,512,000 after purchasing an additional 12,134 shares in the last quarter. Russell Investments Group Ltd. grew its position in Timken by 201.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 26,845 shares of the industrial products company’s stock worth $1,339,000 after purchasing an additional 17,948 shares in the last quarter. Wells Fargo & Company MN grew its position in Timken by 8.7% during the 3rd quarter. Wells Fargo & Company MN now owns 1,187,256 shares of the industrial products company’s stock worth $59,185,000 after purchasing an additional 95,069 shares in the last quarter. JPMorgan Chase & Co. grew its position in Timken by 6.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 215,915 shares of the industrial products company’s stock worth $10,763,000 after purchasing an additional 12,231 shares in the last quarter. Finally, Commonwealth Bank of Australia purchased a new position in Timken during the 3rd quarter worth approximately $568,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Timken Company Profile

The Timken Company engineers, manufactures, and markets bearings, transmissions, gearboxes, belts, chains, lubrication systems, couplings, industrial clutches and brakes, and related products worldwide. It operates through two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, lubrication devices, and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches and brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.

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Earnings History and Estimates for Timken (NYSE:TKR)

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