Timken (TKR) Scheduled to Post Earnings on Tuesday

Timken (NYSE:TKR) will release its earnings data before the market opens on Tuesday, November 5th. Analysts expect Timken to post earnings of $1.37 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Timken (NYSE:TKR) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.03. Timken had a net margin of 7.52% and a return on equity of 16.36%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the business posted $2.01 EPS. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, analysts expect Timken to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Timken Trading Up 0.2 %

NYSE:TKR opened at $83.15 on Friday. The company has a market cap of $5.83 billion, a PE ratio of 17.04, a P/E/G ratio of 1.89 and a beta of 1.43. The business’s 50 day moving average is $83.01 and its two-hundred day moving average is $84.01. The company has a quick ratio of 1.64, a current ratio of 2.95 and a debt-to-equity ratio of 0.72. Timken has a 52 week low of $69.35 and a 52 week high of $94.71.

Timken Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th were given a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.64%. Timken’s payout ratio is currently 27.87%.

Insider Activity

In other news, CEO Richard G. Kyle sold 30,000 shares of Timken stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $80.46, for a total transaction of $2,413,800.00. Following the completion of the sale, the chief executive officer now owns 244,485 shares in the company, valued at $19,671,263.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.70% of the stock is owned by insiders.

Analyst Ratings Changes

TKR has been the topic of a number of recent analyst reports. DA Davidson restated a “buy” rating and set a $103.00 price objective on shares of Timken in a research note on Tuesday, September 17th. Citigroup started coverage on Timken in a report on Monday, October 14th. They issued a “neutral” rating and a $90.00 target price on the stock. Finally, Evercore ISI dropped their price target on Timken from $94.00 to $87.00 and set an “in-line” rating on the stock in a research note on Monday, August 19th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $91.70.

About Timken

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.