Equities analysts predict that Timken Co (NYSE:TKR) will post $978.40 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Timken’s earnings, with estimates ranging from $963.60 million to $993.20 million. Timken posted sales of $883.10 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.8%. The firm is scheduled to announce its next earnings results on Tuesday, May 7th.
On average, analysts expect that Timken will report full-year sales of $3.90 billion for the current year, with estimates ranging from $3.89 billion to $3.90 billion. For the next year, analysts forecast that the firm will report sales of $4.10 billion, with estimates ranging from $3.99 billion to $4.22 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Timken.
Timken (NYSE:TKR) last issued its quarterly earnings results on Thursday, February 7th. The industrial products company reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.01). The business had revenue of $910.10 million for 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 firm’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS.
TKR has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Timken from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Bank of America upgraded shares of Timken from a “neutral” rating to a “buy” rating and increased their price target for the stock from $45.00 to $50.00 in a research note on Monday, December 3rd. Finally, ValuEngine upgraded shares of Timken from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $52.43.
NYSE:TKR traded up $0.19 during trading hours on Monday, reaching $42.15. 563,100 shares of the company’s stock were exchanged, compared to its average volume of 699,132. The stock has a market cap of $3.23 billion, a P/E ratio of 10.08, a P/E/G ratio of 0.59 and a beta of 1.77. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.53 and a quick ratio of 1.31. Timken has a 1-year low of $33.98 and a 1-year high of $52.45.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 4th. Stockholders of record on Wednesday, February 20th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Tuesday, February 19th. Timken’s dividend payout ratio (DPR) is presently 26.79%.
Several hedge funds have recently added to or reduced their stakes in TKR. Oregon Public Employees Retirement Fund lifted its stake in shares of Timken by 3,708.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,029,435 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 1,002,405 shares during the period. Private Capital Group LLC lifted its stake in shares of Timken by 41.3% in the 4th quarter. Private Capital Group LLC now owns 2,289 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 669 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of Timken by 3,876.6% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,738 shares of the industrial products company’s stock worth $187,000 after acquiring an additional 3,644 shares during the period. Cerebellum GP LLC lifted its stake in shares of Timken by 38.4% in the 4th quarter. Cerebellum GP LLC now owns 5,263 shares of the industrial products company’s stock worth $196,000 after acquiring an additional 1,460 shares during the period. Finally, D.A. Davidson & CO. acquired a new stake in shares of Timken in the 3rd quarter worth $215,000. Institutional investors own 79.77% of the company’s stock.
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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