Jefferies Group Comments on Timken Co’s Q4 2018 Earnings (TKR)

Timken Co (NYSE:TKR) – Investment analysts at Jefferies Group decreased their Q4 2018 earnings per share estimates for shares of Timken in a report issued on Wednesday. Jefferies Group analyst S. Volkmann now forecasts that the industrial products company will post earnings per share of $0.85 for the quarter, down from their previous estimate of $0.95. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for Timken’s FY2020 earnings at $4.45 EPS.

Timken (NYSE:TKR) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. The business had revenue of $778.00 million for 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 firm’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 earnings per share.

A number of other brokerages 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 on the stock in a report on Tuesday, January 23rd. Longbow Research upgraded shares of Timken from a “neutral” rating to a “buy” rating in a report on Tuesday, January 2nd. Finally, Stifel Nicolaus lowered their target price on shares of Timken from $53.00 to $52.00 and set a “hold” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Timken has an average rating of “Hold” and an average price target of $52.25.

Timken (NYSE:TKR) opened at $44.45 on Monday. The firm has a market cap of $3,450.08, a price-to-earnings ratio of 16.97, a P/E/G ratio of 1.18 and a beta of 1.44. Timken has a fifty-two week low of $41.78 and a fifty-two week high of $55.65. The company has a current ratio of 2.23, a quick ratio of 1.13 and a debt-to-equity ratio of 0.58.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Tuesday, February 20th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.08 annualized dividend and a dividend yield of 2.43%. Timken’s dividend payout ratio is currently 42.02%.

In other Timken news, insider Richard G. Kyle sold 9,242 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $49.75, for a total value of $459,789.50. Following the transaction, the insider now directly owns 89,236 shares in the company, valued at $4,439,491. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 11.08% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in TKR. Wells Fargo & Company MN increased its holdings in shares of Timken by 116.9% in the fourth quarter. Wells Fargo & Company MN now owns 945,600 shares of the industrial products company’s stock valued at $46,477,000 after purchasing an additional 509,673 shares during the last quarter. Koch Industries Inc. acquired a new position in shares of Timken in the second quarter valued at $375,000. Renaissance Technologies LLC acquired a new position in shares of Timken in the second quarter valued at $17,219,000. Anchor Bolt Capital LP increased its holdings in shares of Timken by 155.5% in the third quarter. Anchor Bolt Capital LP now owns 425,625 shares of the industrial products company’s stock valued at $20,664,000 after purchasing an additional 259,028 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in shares of Timken by 20.6% in 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 purchasing an additional 230,730 shares during the last quarter. Hedge funds and other institutional investors own 78.97% 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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