Timken (TKR) Set to Announce Quarterly Earnings on Wednesday

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Timken (NYSE:TKR) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.18 per share for the quarter. Timken has set its FY 2019 guidance at $4.80-5.00 EPS and its FY19 guidance at $4.80-5.00 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Timken (NYSE:TKR) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.18). Timken had a return on equity of 21.40% and a net margin of 8.38%. The firm had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business earned $1.11 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. On average, analysts expect Timken to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

TKR opened at $46.01 on Wednesday. Timken has a 52 week low of $33.98 and a 52 week high of $52.38. The business has a fifty day simple moving average of $42.95 and a 200-day simple moving average of $45.61. The firm has a market cap of $3.37 billion, a P/E ratio of 11.01, a P/E/G ratio of 1.07 and a beta of 1.79. The company has a quick ratio of 1.47, a current ratio of 2.68 and a debt-to-equity ratio of 0.96.

In related news, Director John M. Timken, Jr. bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of $38.04 per share, for a total transaction of $190,200.00. Following the completion of the acquisition, the director now owns 397,734 shares in the company, valued at approximately $15,129,801.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 11.58% of the company’s stock.

TKR has been the subject of a number of recent research reports. Goldman Sachs Group upgraded Timken from a “neutral” rating to a “buy” rating and lifted their target price for the company from $55.00 to $56.00 in a report on Tuesday, July 16th. ValuEngine lowered Timken from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. Bank of America lowered Timken from a “neutral” rating to an “underperform” rating and set a $41.00 target price for the company. in a report on Thursday, September 26th. Finally, Zacks Investment Research upgraded Timken from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $52.25.

About Timken

The Timken Company engineers, manufactures, and markets engineered bearings and power transmission products worldwide. It operates in two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, and lubrication devices and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches, 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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Earnings History for Timken (NYSE:TKR)

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