Equities analysts expect Timken Company (The) (NYSE:TKR) to report earnings per share (EPS) of $0.67 for the current quarter, Zacks reports. Three analysts have made estimates for Timken’s earnings. The lowest EPS estimate is $0.66 and the highest is $0.69. Timken reported earnings of $0.47 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 42.6%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 8th.
On average, analysts expect that Timken will report full-year earnings of $2.62 per share for the current fiscal year, with EPS estimates ranging from $2.60 to $2.63. For the next fiscal year, analysts forecast that the company will report earnings of $3.05 per share, with EPS estimates ranging from $2.95 to $3.15. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Timken.
Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.03. Timken had a return on equity of 13.75% and a net margin of 6.88%. The business had revenue of $771.40 million for the quarter, compared to analyst estimates of $758.91 million. During the same period last year, the firm posted $0.53 earnings per share. Timken’s revenue was up 17.3% compared to the same quarter last year.
Shares of Timken (NYSE TKR) traded down $0.70 on Friday, hitting $49.20. The stock had a trading volume of 738,896 shares, compared to its average volume of 544,357. Timken has a 52 week low of $38.75 and a 52 week high of $53.10. The company has a quick ratio of 1.38, a current ratio of 2.59 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $3,818.76, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 1.62 and a beta of 1.49.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were paid a $0.27 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.08 dividend on an annualized basis and a yield of 2.20%. Timken’s dividend payout ratio (DPR) is presently 43.03%.
In other Timken news, insider Richard G. Kyle sold 9,242 shares of the firm’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 value of $459,789.50. Following the completion of the sale, the insider now owns 89,236 shares of the company’s stock, valued at $4,439,491. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.08% of the company’s stock.
Several large investors have recently made changes to their positions in TKR. Capstone Asset Management Co. raised its stake in shares of Timken by 2.4% in the second quarter. Capstone Asset Management Co. now owns 5,605 shares of the industrial products company’s stock valued at $259,000 after buying an additional 130 shares during the period. Bank of Montreal Can boosted its holdings in Timken by 6.8% during the 2nd quarter. Bank of Montreal Can now owns 4,785 shares of the industrial products company’s stock valued at $221,000 after acquiring an additional 303 shares during the period. LS Investment Advisors LLC boosted its holdings in Timken by 17.2% during the 2nd quarter. LS Investment Advisors LLC now owns 5,601 shares of the industrial products company’s stock valued at $259,000 after acquiring an additional 820 shares during the period. State Treasurer State of Michigan raised its position in Timken by 1.8% during the 2nd quarter. State Treasurer State of Michigan now owns 28,900 shares of the industrial products company’s stock valued at $1,337,000 after purchasing an additional 500 shares during the last quarter. Finally, US Bancorp DE raised its position in Timken by 10.1% during the 2nd quarter. US Bancorp DE now owns 4,262 shares of the industrial products company’s stock valued at $197,000 after purchasing an additional 390 shares during the last quarter. 79.27% of the stock is currently owned by institutional investors.
Timken Company Profile
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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