Equities research analysts predict that Timken Company (The) (NYSE:TKR) will report sales of $762.25 million for the current quarter, according to Zacks. Two analysts have made estimates for Timken Company (The)’s earnings, with the highest sales estimate coming in at $764.50 million and the lowest estimate coming in at $760.00 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 15.9%. The firm is expected to announce its next earnings report on Thursday, October 26th.

On average, analysts expect that Timken Company (The) will report full year sales of $762.25 million for the current year, with estimates ranging from $2.96 billion to $2.99 billion. For the next financial year, analysts expect that the business will post sales of $3.21 billion per share, with estimates ranging from $3.19 billion to $3.24 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Timken Company (The).

Timken Company (The) (NYSE:TKR) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The firm had revenue of $750.60 million for the quarter, compared to analysts’ expectations of $716.50 million. Timken Company (The) had a return on equity of 12.73% and a net margin of 5.98%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 EPS.

Several research analysts have recently weighed in on TKR shares. BidaskClub lowered shares of Timken Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered shares of Timken Company (The) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. ValuEngine raised shares of Timken Company (The) from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $53.00 price target on shares of Timken Company (The) in a research report on Friday, June 30th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $45.00 price target on shares of Timken Company (The) in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Timken Company (The) has a consensus rating of “Hold” and an average price target of $46.83.

Hedge funds have recently modified their holdings of the stock. Bragg Financial Advisors Inc grew its stake in shares of Timken Company (The) by 0.6% during the first quarter. Bragg Financial Advisors Inc now owns 69,795 shares of the industrial products company’s stock worth $3,155,000 after purchasing an additional 445 shares in the last quarter. BB&T Corp grew its stake in shares of Timken Company (The) by 1.4% during the second quarter. BB&T Corp now owns 194,417 shares of the industrial products company’s stock worth $8,992,000 after purchasing an additional 2,632 shares in the last quarter. Capstone Asset Management Co. grew its stake in shares of Timken Company (The) by 5.2% during the first quarter. Capstone Asset Management Co. now owns 5,475 shares of the industrial products company’s stock worth $247,000 after purchasing an additional 270 shares in the last quarter. Capital Fund Management S.A. acquired a new position in shares of Timken Company (The) during the first quarter worth $1,288,000. Finally, Vident Investment Advisory LLC acquired a new position in shares of Timken Company (The) during the first quarter worth $2,608,000. Hedge funds and other institutional investors own 79.62% of the company’s stock.

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Shares of Timken Company (TKR) traded up 0.67% during trading on Friday, hitting $45.15. The stock had a trading volume of 397,912 shares. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 22.41 and a beta of 1.37. The firm has a 50 day moving average price of $45.45 and a 200-day moving average price of $45.52. Timken Company has a 52 week low of $31.60 and a 52 week high of $51.75.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 22nd were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Friday, August 18th. Timken Company (The)’s dividend payout ratio is currently 51.67%.

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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