Brokerages expect Timken Co (NYSE:TKR) to report earnings per share of $1.24 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Timken’s earnings, with the lowest EPS estimate coming in at $1.18 and the highest estimate coming in at $1.34. Timken reported earnings per share of $1.01 during the same quarter last year, which indicates a positive year-over-year growth rate of 22.8%. The company is expected to issue its next earnings results on Tuesday, May 7th.
According to Zacks, analysts expect that Timken will report full year earnings of $4.81 per share for the current fiscal year, with EPS estimates ranging from $4.75 to $4.90. For the next financial year, analysts forecast that the business will post earnings of $5.19 per share, with EPS estimates ranging from $4.85 to $5.60. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Timken.
Timken (NYSE:TKR) last released its earnings results on Thursday, February 7th. The industrial products company reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.01). Timken had a net margin of 8.46% and a return on equity of 20.54%. The company had revenue of $910.10 million for the quarter, compared to the consensus estimate of $924.65 million. During the same period in the prior year, the company earned $0.68 earnings per share. The firm’s revenue was up 17.0% on a year-over-year basis.
Several hedge funds have recently made changes to their positions in the stock. JOYN Advisors Inc. lifted its stake in Timken by 23,766.7% in the 4th quarter. JOYN Advisors Inc. now owns 716 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 713 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Timken by 3,708.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,029,435 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,002,405 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in Timken by 22.4% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,555 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 285 shares in the last quarter. Private Capital Group LLC lifted its stake in Timken by 41.3% in the 4th quarter. Private Capital Group LLC now owns 2,289 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 669 shares in the last quarter. Finally, Cerebellum GP LLC lifted its stake in Timken by 38.4% in the 4th quarter. Cerebellum GP LLC now owns 5,263 shares of the industrial products company’s stock worth $196,000 after purchasing an additional 1,460 shares in the last quarter. Institutional investors own 77.01% of the company’s stock.
Shares of Timken stock traded down $0.19 on Tuesday, reaching $43.76. 497,475 shares of the company traded hands, compared to its average volume of 739,364. Timken has a 52 week low of $33.98 and a 52 week high of $52.45. The company has a market capitalization of $3.28 billion, a P/E ratio of 10.47, a P/E/G ratio of 0.79 and a beta of 1.76. The company has a quick ratio of 1.31, a current ratio of 2.53 and a debt-to-equity ratio of 1.00.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Wednesday, February 20th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Tuesday, February 19th. Timken’s payout ratio is currently 26.79%.
Timken Company Profile
The Timken Company engineers, manufactures, and markets bearings, transmissions, gearboxes, belts, chains, lubrication systems, couplings, industrial clutches and brakes, and related products worldwide. It operates through two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, lubrication devices, and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches and brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.
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