Brokerages predict that Timken Co (NYSE:TKR) will report earnings per share (EPS) of $1.06 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Timken’s earnings. Timken posted earnings of $0.71 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 49.3%. The company is expected to issue its next quarterly earnings results on Wednesday, October 24th.

On average, analysts expect that Timken will report full-year earnings of $4.17 per share for the current year, with EPS estimates ranging from $4.15 to $4.20. For the next year, analysts anticipate that the business will report earnings of $4.65 per share, with EPS estimates ranging from $4.35 to $4.85. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Timken.

Timken (NYSE:TKR) last released its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.03. The company had revenue of $906.30 million for the quarter, compared to analyst estimates of $904.77 million. Timken had a return on equity of 18.39% and a net margin of 7.60%. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share.

TKR has been the topic of a number of recent research reports. Stifel Nicolaus raised Timken from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $52.00 to $60.00 in a research note on Monday, May 28th. ValuEngine lowered Timken from a “hold” rating to a “sell” rating in a research note on Monday, June 18th. KeyCorp raised Timken from a “sector weight” rating to an “overweight” rating and set a $54.00 price objective on the stock in a research note on Wednesday, June 27th. Bank of America raised Timken from an “underperform” rating to a “neutral” rating and set a $56.00 price objective on the stock in a research note on Wednesday, August 8th. Finally, CL King initiated coverage on Timken in a research note on Thursday, June 28th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Timken currently has a consensus rating of “Buy” and an average price target of $55.40.

NYSE TKR opened at $52.10 on Friday. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 0.84 and a beta of 1.60. The company has a current ratio of 2.39, a quick ratio of 1.30 and a debt-to-equity ratio of 0.57. Timken has a fifty-two week low of $41.85 and a fifty-two week high of $55.65.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Friday, August 17th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Thursday, August 16th. Timken’s dividend payout ratio (DPR) is presently 42.59%.

In other news, CFO Philip D. Fracassa sold 3,582 shares of the company’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $48.39, for a total value of $173,332.98. Following the transaction, the chief financial officer now owns 43,534 shares of the company’s stock, valued at approximately $2,106,610.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shelly Marie Chadwick sold 1,043 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $48.85, for a total value of $50,950.55. Following the completion of the transaction, the insider now directly owns 3,102 shares in the company, valued at approximately $151,532.70. The disclosure for this sale can be found here. Corporate insiders own 11.15% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Northern Trust Corp raised its holdings in shares of Timken by 11.2% in the 2nd quarter. Northern Trust Corp now owns 646,928 shares of the industrial products company’s stock valued at $28,173,000 after buying an additional 64,962 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Timken by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 999,145 shares of the industrial products company’s stock valued at $43,512,000 after buying an additional 12,134 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Timken by 4.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 66,774 shares of the industrial products company’s stock valued at $2,908,000 after buying an additional 2,703 shares during the period. California Public Employees Retirement System raised its holdings in shares of Timken by 9.6% in the 2nd quarter. California Public Employees Retirement System now owns 205,508 shares of the industrial products company’s stock valued at $8,950,000 after buying an additional 17,916 shares during the period. Finally, Cozad Asset Management Inc. purchased a new stake in shares of Timken in the 2nd quarter valued at $1,677,000. 78.06% of the stock is currently owned by institutional investors and hedge funds.

About Timken

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.

Further Reading: Earnings Per Share (EPS)

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Earnings History and Estimates for Timken (NYSE:TKR)

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