Timken (NYSE:TKR) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share guidance of $3.20-3.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.24. The company issued revenue guidance of +9-10% to ~$3.27-3.30 billion, compared to the consensus revenue estimate of $3.28 billion.
A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Timken from a hold rating to a buy rating and set a $62.00 price objective for the company in a research note on Tuesday, January 23rd. Jefferies Group raised shares of Timken from a hold rating to a buy rating in a report on Thursday, January 18th. Longbow Research raised shares of Timken from a neutral rating to a buy rating in a report on Tuesday, January 2nd. Finally, Stifel Nicolaus cut their price target on shares of Timken from $53.00 to $52.00 and set a hold rating on the stock in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Timken currently has a consensus rating of Hold and an average target price of $52.25.
Timken (NYSE TKR) remained flat at $$44.40 during trading hours on Wednesday. 181,236 shares of the company’s stock were exchanged, compared to its average volume of 817,845. Timken has a twelve month low of $41.78 and a twelve month high of $55.65. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.23 and a quick ratio of 1.13. The company has a market capitalization of $3,450.08, a PE ratio of 17.22, a price-to-earnings-growth ratio of 1.18 and a beta of 1.44.
Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $778.00 million during the quarter, compared to the consensus estimate of $767.98 million. Timken had a net margin of 6.77% and a return on equity of 14.55%. The company’s revenue was up 18.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 earnings per share. equities research analysts anticipate that Timken will post 3.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Tuesday, February 20th will be given a $0.27 dividend. The ex-dividend date is Friday, February 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.43%. Timken’s dividend payout ratio (DPR) is currently 42.02%.
In related news, insider Richard G. Kyle sold 9,242 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $49.75, for a total transaction of $459,789.50. Following the completion of the transaction, the insider now owns 89,236 shares in the company, valued at approximately $4,439,491. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.08% of the company’s stock.
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Timken 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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