KeyCorp Comments on Timken Co’s Q1 2018 Earnings (TKR)

Timken Co (NYSE:TKR) – Stock analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for shares of Timken in a note issued to investors on Wednesday. KeyCorp analyst S. Barger forecasts that the industrial products company will earn $0.73 per share for the quarter. KeyCorp also issued estimates for Timken’s Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $0.85 EPS, Q4 2018 earnings at $0.82 EPS and FY2018 earnings at $3.26 EPS.

Timken (NYSE:TKR) last released 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 business had revenue of $778.00 million during the quarter, compared to the consensus estimate of $767.98 million. Timken had a return on equity of 14.55% and a net margin of 6.77%. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same period last year, the company earned $0.47 earnings per share.

Other equities analysts have also issued research reports about the company. Zacks Investment Research upgraded Timken from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Tuesday, January 23rd. Jefferies Group upgraded Timken from a “hold” rating to a “buy” rating in a research note on Thursday, January 18th. Longbow Research upgraded Timken from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 2nd. Finally, Stifel Nicolaus cut their price target on Timken from $53.00 to $52.00 and set a “hold” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $52.25.

Timken (TKR) opened at $44.45 on Monday. The company has a market capitalization of $3,450.00, a price-to-earnings ratio of 17.23, a PEG ratio of 1.18 and a beta of 1.45. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.38 and a current ratio of 2.23. Timken has a 52 week low of $41.78 and a 52 week high of $55.65.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.27 per share. The ex-dividend date 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 41.86%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sterling Capital Management LLC grew its stake in Timken by 0.3% in the second quarter. Sterling Capital Management LLC now owns 18,698 shares of the industrial products company’s stock valued at $865,000 after purchasing an additional 47 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Timken by 2.8% in the second quarter. PNC Financial Services Group Inc. now owns 10,006 shares of the industrial products company’s stock valued at $463,000 after purchasing an additional 270 shares during the last quarter. Advisor Group Inc. grew 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 purchasing an additional 666 shares during the last quarter. HighTower Advisors LLC grew its stake in Timken by 5.9% in the second quarter. HighTower Advisors LLC now owns 12,809 shares of the industrial products company’s stock valued at $592,000 after purchasing an additional 710 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in Timken by 2.9% in the second quarter. Public Employees Retirement System of Ohio now owns 28,314 shares of the industrial products company’s stock valued at $1,310,000 after purchasing an additional 791 shares during the last quarter. Institutional investors own 79.33% of the company’s stock.

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About Timken

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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