Brokers Set Expectations for Timken Co’s Q1 2018 Earnings (TKR)

Timken Co (NYSE:TKR) – Investment analysts at Jefferies Group lifted their Q1 2018 EPS estimates for shares of Timken in a report issued on Wednesday. Jefferies Group analyst S. Volkmann now anticipates that the industrial products company will post earnings of $0.80 per share for the quarter, up from their previous estimate of $0.75. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for Timken’s Q3 2018 earnings at $0.90 EPS.

Several other research firms also recently weighed in on TKR. Zacks Investment Research upgraded shares of Timken from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Tuesday, January 23rd. Longbow Research upgraded shares of Timken from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 2nd. Finally, Stifel Nicolaus reduced their target price on shares of Timken from $53.00 to $52.00 and set a “hold” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $52.25.

Timken (NYSE:TKR) opened at $43.95 on Friday. The firm has a market cap of $3,570.39, a PE ratio of 17.56, a PEG ratio of 1.21 and a beta of 1.44. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.23 and a quick ratio of 1.38. Timken has a 12 month low of $41.78 and a 12 month high of $55.65.

Timken (NYSE:TKR) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. The firm had revenue of $778.00 million during the quarter, compared to the consensus estimate of $767.98 million. Timken had a net margin of 6.77% and a return on equity of 14.55%. The company’s revenue was up 18.8% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share.

Large investors have recently modified their holdings of the stock. Essex Investment Management Co. LLC purchased a new position in Timken during the third quarter valued at approximately $382,000. Nomura Holdings Inc. purchased a new position in Timken during the second quarter valued at approximately $349,000. Parametrica Management Ltd purchased a new position in Timken during the third quarter valued at approximately $331,000. Lord Abbett & CO. LLC grew its stake in Timken by 20.6% during the second quarter. Lord Abbett & CO. LLC now owns 1,350,766 shares of the industrial products company’s stock valued at $62,473,000 after acquiring an additional 230,730 shares in the last quarter. Finally, Virginia Retirement Systems ET AL grew its stake in Timken by 16.8% during the third quarter. Virginia Retirement Systems ET AL now owns 52,100 shares of the industrial products company’s stock valued at $2,529,000 after acquiring an additional 7,500 shares in the last quarter. 79.33% of the stock is owned by institutional investors.

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 shares were 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 of the company’s stock, 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 currently owned by insiders.

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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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