Timken (TKR) Scheduled to Post Earnings on Tuesday

Timken (NYSE:TKR) is set to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.50 per share for the quarter. Timken has set its FY24 guidance at $5.80-6.20 EPS and its FY 2024 guidance at 5.800-6.200 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Timken (NYSE:TKR) last posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.15. Timken had a net margin of 8.26% and a return on equity of 19.57%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm posted $1.22 EPS. The firm’s revenue was up .9% compared to the same quarter last year. On average, analysts expect Timken to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Timken Stock Performance

Shares of TKR stock opened at $84.98 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.96 and a current ratio of 1.79. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 1.18 and a beta of 1.54. Timken has a one year low of $65.71 and a one year high of $95.08. The company’s 50-day simple moving average is $85.33 and its 200-day simple moving average is $79.49.

Timken Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Tuesday, February 20th were issued a $0.33 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.55%. Timken’s dividend payout ratio (DPR) is 24.18%.

Wall Street Analyst Weigh In

A number of brokerages have commented on TKR. Morgan Stanley initiated coverage on Timken in a research note on Monday, January 8th. They issued an “equal weight” rating and a $74.00 target price for the company. Evercore ISI downgraded Timken from an “outperform” rating to an “in-line” rating and set a $84.00 price objective for the company. in a research report on Tuesday, February 20th. Oppenheimer reaffirmed an “outperform” rating and set a $100.00 target price (up previously from $97.00) on shares of Timken in a research note on Thursday, March 21st. StockNews.com downgraded shares of Timken from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, The Goldman Sachs Group boosted their price target on shares of Timken from $78.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $85.90.

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.