Equities analysts predict that Timken Company (The) (NYSE:TKR) will report $704.40 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Timken Company (The)’s earnings. The highest sales estimate is $711.20 million and the lowest is $695.00 million. Timken Company (The) reported sales of $657.40 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.1%. The business is expected to announce its next quarterly earnings results on Thursday, October 26th.

On average, analysts expect that Timken Company (The) will report full year sales of $704.40 million for the current year, with estimates ranging from $2.82 billion to $2.83 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.97 billion per share, with estimates ranging from $2.95 billion to $3.01 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Timken Company (The).

Timken Company (The) (NYSE:TKR) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Timken Company (The) had a return on equity of 12.10% and a net margin of 4.75%. The business had revenue of $750.60 million for the quarter, compared to analysts’ expectations of $716.50 million. During the same period in the prior year, the business posted $0.55 earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis.

A number of equities analysts have commented on the company. Zacks Investment Research raised 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. BidaskClub raised Timken Company (The) from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $45.00 price target on shares of Timken Company (The) in a research note on Friday, July 14th. Finally, Stifel Nicolaus lifted their price target on Timken Company (The) from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $47.50.

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Shares of Timken Company (NYSE:TKR) traded up 0.44% during mid-day trading on Thursday, reaching $46.00. The company had a trading volume of 970,065 shares. Timken Company has a 12-month low of $31.04 and a 12-month high of $51.75. The firm has a market capitalization of $3.59 billion, a PE ratio of 29.24 and a beta of 1.38. The stock has a 50 day moving average price of $46.65 and a 200 day moving average price of $45.47.

In other news, EVP William R. Burkhart sold 32,580 shares of Timken Company (The) stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $47.94, for a total value of $1,561,885.20. Following the sale, the executive vice president now directly owns 55,640 shares in the company, valued at approximately $2,667,381.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jacqueline F. Woods sold 1,300 shares of Timken Company (The) stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $46.02, for a total value of $59,826.00. Following the completion of the sale, the director now owns 19,249 shares in the company, valued at $885,838.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,078 shares of company stock worth $1,871,839. Corporate insiders own 11.08% of the company’s stock.

Several large investors have recently modified their holdings of TKR. Harbour Capital Advisors LLC raised its stake in shares of Timken Company (The) by 4,525.0% in the second quarter. Harbour Capital Advisors LLC now owns 37,000 shares of the industrial products company’s stock worth $800,000 after buying an additional 36,200 shares in the last quarter. NGAM Advisors L.P. raised its stake in shares of Timken Company (The) by 2.5% in the second quarter. NGAM Advisors L.P. now owns 42,745 shares of the industrial products company’s stock worth $1,977,000 after buying an additional 1,028 shares in the last quarter. Affinity Investment Advisors LLC acquired a new stake in shares of Timken Company (The) during the second quarter worth $2,505,000. ING Groep NV acquired a new stake in shares of Timken Company (The) during the second quarter worth $395,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Timken Company (The) by 15.5% in the second quarter. Russell Investments Group Ltd. now owns 117,026 shares of the industrial products company’s stock worth $5,413,000 after buying an additional 15,714 shares in the last quarter. Hedge funds and other institutional investors own 76.21% of the company’s stock.

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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Earnings History and Estimates for Timken Company (The) (NYSE:TKR)

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