Jefferies Group Comments on Timken Company (The)’s Q1 2018 Earnings (TKR)

Timken Company (The) (NYSE:TKR) – Equities researchers at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of Timken Company (The) in a note issued to investors on Wednesday. Jefferies Group analyst S. Volkmann expects that the industrial products company will earn $0.70 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $50.00 target price on the stock. Jefferies Group also issued estimates for Timken Company (The)’s Q2 2018 earnings at $0.85 EPS and Q4 2018 earnings at $0.80 EPS.

Other research analysts have also recently issued reports about the stock. Goldman Sachs Group, Inc. (The) cut shares of Timken Company (The) from a “conviction-buy” rating to a “buy” rating and reduced their price objective for the company from $55.00 to $51.00 in a report on Monday, August 7th. ValuEngine upgraded shares of Timken Company (The) from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Timken Company (The) from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Wednesday, July 26th. Finally, BidaskClub upgraded shares of Timken Company (The) from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $47.50.

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Shares of Timken Company (TKR) traded up 0.32% during midday trading on Monday, hitting $47.15. 137,789 shares of the stock were exchanged. The firm’s 50 day moving average is $48.74 and its 200-day moving average is $46.71. Timken Company has a 1-year low of $31.60 and a 1-year high of $53.10. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 23.40 and a beta of 1.41.

Timken Company (The) (NYSE:TKR) last issued its earnings results on Wednesday, October 25th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. The company had revenue of $771.40 million for the quarter, compared to analysts’ expectations of $758.91 million. Timken Company (The) had a net margin of 6.88% and a return on equity of 13.75%. Timken Company (The)’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Timken Company (The) by 15.0% during the second quarter. Vanguard Group Inc. now owns 7,048,216 shares of the industrial products company’s stock worth $325,981,000 after purchasing an additional 917,902 shares during the last quarter. BlackRock Inc. boosted its holdings in Timken Company (The) by 1.3% during the second quarter. BlackRock Inc. now owns 5,746,878 shares of the industrial products company’s stock worth $265,793,000 after purchasing an additional 72,454 shares during the last quarter. Boston Partners boosted its holdings in Timken Company (The) by 4.2% during the second quarter. Boston Partners now owns 3,022,904 shares of the industrial products company’s stock worth $139,810,000 after purchasing an additional 121,015 shares during the last quarter. Earnest Partners LLC boosted its holdings in Timken Company (The) by 15.0% during the second quarter. Earnest Partners LLC now owns 1,969,876 shares of the industrial products company’s stock worth $91,107,000 after purchasing an additional 257,073 shares during the last quarter. Finally, State Street Corp boosted its holdings in Timken Company (The) by 0.5% during the second quarter. State Street Corp now owns 1,922,313 shares of the industrial products company’s stock worth $88,912,000 after purchasing an additional 9,601 shares during the last quarter. Institutional investors and hedge funds own 79.59% of the company’s stock.

About Timken Company (The)

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.

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

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