Analysts Offer Predictions for Timken Co’s FY2018 Earnings (TKR)

Timken Co (NYSE:TKR) – Research analysts at KeyCorp lifted their FY2018 EPS estimates for shares of Timken in a note issued to investors on Thursday. KeyCorp analyst S. Barger now anticipates that the industrial products company will earn $3.32 per share for the year, up from their previous forecast of $3.06.

Several other research firms have also recently weighed in on TKR. Jefferies Group upgraded Timken from a “hold” rating to a “buy” rating in a research note on Thursday. Longbow Research upgraded Timken from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research cut Timken from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Timken currently has an average rating of “Hold” and an average price target of $52.00.

Shares of Timken (NYSE:TKR) opened at $55.25 on Monday. The firm has a market capitalization of $4,288.35, a P/E ratio of 22.01, a P/E/G ratio of 1.51 and a beta of 1.50. Timken has a 52 week low of $41.78 and a 52 week high of $55.35. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.59.

Timken (NYSE:TKR) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.03. The business had revenue of $771.40 million during the quarter, compared to analysts’ expectations of $758.91 million. Timken had a return on equity of 13.75% and a net margin of 6.88%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS.

In related news, insider Richard G. Kyle sold 9,242 shares of the business’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 sale, the insider now owns 89,236 shares in the company, valued at $4,439,491. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 11.08% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Contravisory Investment Management Inc. purchased a new stake in Timken in the fourth quarter valued at approximately $148,000. Advisor Group Inc. lifted its stake in Timken by 19.7% in the second quarter. Advisor Group Inc. now owns 4,051 shares of the industrial products company’s stock valued at $187,000 after buying an additional 666 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Timken in the fourth quarter valued at approximately $201,000. Creative Planning purchased a new stake in Timken in the fourth quarter valued at approximately $210,000. Finally, FDx Advisors Inc. purchased a new stake in Timken in the third quarter valued at approximately $225,000. Institutional investors own 78.92% of the company’s stock.

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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.

Earnings History and Estimates for Timken (NYSE:TKR)

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