Timken (TKR) Set to Announce Earnings on Tuesday

Timken (NYSE:TKR) is scheduled to release its earnings data before the market opens on Tuesday, November 5th. Analysts expect Timken to post earnings of $1.37 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Timken Trading Up 0.2 %

TKR opened at $83.15 on Monday. The company has a quick ratio of 1.64, a current ratio of 2.95 and a debt-to-equity ratio of 0.72. Timken has a 52 week low of $69.35 and a 52 week high of $94.71. The business’s 50 day moving average is $83.01 and its two-hundred day moving average is $84.00. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 1.89 and a beta of 1.43.

Timken Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th were issued a $0.34 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.64%. Timken’s payout ratio is 27.87%.

Insider Transactions at Timken

In related news, CEO Richard G. Kyle sold 30,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $80.46, for a total transaction of $2,413,800.00. Following the transaction, the chief executive officer now owns 244,485 shares of the company’s stock, valued at $19,671,263.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TKR. Citigroup assumed coverage on shares of Timken in a research report on Monday, October 14th. They set a “neutral” rating and a $90.00 price objective on the stock. Evercore ISI lowered their price target on Timken from $94.00 to $87.00 and set an “in-line” rating on the stock in a report on Monday, August 19th. Finally, DA Davidson reaffirmed a “buy” rating and set a $103.00 price objective on shares of Timken in a research note on Tuesday, September 17th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $91.70.

Timken Company Profile

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.