Timken Company (The) (NYSE:TKR) – Equities researchers at Gabelli boosted their FY2017 earnings per share (EPS) estimates for Timken Company (The) in a report issued on Thursday, Zacks Investment Research reports. Gabelli analyst J. Bergner now forecasts that the industrial products company will post earnings per share of $2.47 for the year, up from their previous forecast of $2.40. Gabelli also issued estimates for Timken Company (The)’s FY2018 earnings at $2.95 EPS and FY2019 earnings at $3.40 EPS.
Several other analysts also recently weighed in on TKR. Jefferies Group LLC reiterated a “hold” rating and set a $45.00 price target on shares of Timken Company (The) in a research note on Friday, July 14th. BidaskClub downgraded Timken Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded Timken Company (The) from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Wednesday, July 26th. ValuEngine upgraded Timken Company (The) from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) downgraded Timken Company (The) from a “conviction-buy” rating to a “buy” rating and dropped their price target for the company from $55.00 to $51.00 in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $49.60.
Timken Company (TKR) traded up $0.45 during trading on Friday, reaching $46.65. The company’s stock had a trading volume of 489,700 shares, compared to its average volume of 794,289. The company has a current ratio of 2.59, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66. The stock has a market cap of $3,585.91, a P/E ratio of 19.17, a PEG ratio of 1.53 and a beta of 1.46. Timken Company has a twelve month low of $37.80 and a twelve month high of $53.10.
Timken Company (The) (NYSE:TKR) last posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The business had revenue of $771.40 million for the quarter, compared to the consensus estimate of $758.91 million. Timken Company (The) had a return on equity of 13.75% and a net margin of 6.88%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS.
Several institutional investors and hedge funds have recently modified their holdings of TKR. Advisor Group Inc. boosted its stake in shares of Timken Company (The) by 19.7% in the second quarter. Advisor Group Inc. now owns 4,051 shares of the industrial products company’s stock worth $187,000 after buying an additional 666 shares during the last quarter. US Bancorp DE boosted its stake in shares of Timken Company (The) by 10.1% in the second quarter. US Bancorp DE now owns 4,262 shares of the industrial products company’s stock worth $197,000 after buying an additional 390 shares during the last quarter. Calamos Advisors LLC purchased a new stake in shares of Timken Company (The) in the second quarter worth about $210,000. Janus Henderson Group PLC purchased a new stake in shares of Timken Company (The) in the second quarter worth about $215,000. Finally, United Capital Financial Advisers LLC purchased a new stake in shares of Timken Company (The) in the first quarter worth about $220,000. Hedge funds and other institutional investors own 79.84% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be paid a $0.27 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.32%. Timken Company (The)’s payout ratio is 43.03%.
Timken Company (The) 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.
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