NEWS

<p style="text-align:center;"> <img src="http://www.bearing.com.cn/membcentre/editor/attached/image/20180723/20180723111654_34488.jpg" alt="" /> </p> <p> Wall Street brokerages predict that Timken Co (NYSE:TKR) will report $1.08 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Timken’s earnings, with the lowest EPS estimate coming in at $1.05 and the highest estimate coming in at $1.09. Timken reported earnings per share of $0.68 in the same quarter last year, which would suggest a positive year over year growth rate of 58.8%. The business is scheduled to report its next quarterly earnings results before the market opens on Tuesday, July 31st. </p> On average, analysts expect that Timken will report full year earnings of $3.97 per share for the current year, with EPS estimates ranging from $3.95 to $4.01. For the next year, analysts forecast that the firm will post earnings of $4.54 per share, with EPS estimates ranging from $4.45 to $4.60. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Timken.<br /> Timken (NYSE:TKR) last posted its earnings results on Tuesday, May 1st. The industrial products company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.17. The firm had revenue of $883.00 million during the quarter, compared to the consensus estimate of $836.56 million. Timken had a return on equity of 16.55% and a net margin of 7.71%. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS.<br /> TKR has been the subject of a number of research reports. Zacks Investment Research upgraded Timken from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Saturday, March 24th. ValuEngine lowered Timken from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Vertical Research upgraded Timken from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Bank of America increased their price target on Timken from $50.00 to $51.00 and gave the company an “underperform” rating in a report on Tuesday, May 22nd. Finally, Stifel Nicolaus upgraded Timken from a “hold” rating to a “buy” rating and increased their price target for the company from $52.00 to $60.00 in a report on Monday, May 28th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $52.83.<br /> Shares of NYSE TKR traded down $0.30 during midday trading on Friday, reaching $45.05. 355,757 shares of the stock traded hands, compared to its average volume of 583,314. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.24 and a current ratio of 2.34. The company has a market capitalization of $3.50 billion, a P/E ratio of 17.13, a P/E/G ratio of 0.80 and a beta of 1.53. Timken has a one year low of $41.85 and a one year high of $55.65.<br /> In other Timken news, CFO Philip D. Fracassa sold 3,739 shares of the stock in a transaction on Tuesday, May 8th. The stock was sold at an average price of $47.71, for a total value of $178,387.69. Following the sale, the chief financial officer now owns 43,534 shares in the company, valued at $2,077,007.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ward J. Timken, Jr. sold 4,002 shares of the stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $49.10, for a total value of $196,498.20. Following the completion of the sale, the director now owns 269,902 shares in the company, valued at approximately $13,252,188.20. The disclosure for this sale can be found here. Corporate insiders own 11.15% of the company’s stock.<br /> A number of hedge funds have recently added to or reduced their stakes in TKR. Vaughan Nelson Investment Management L.P. purchased a new stake in Timken in the first quarter worth $40,486,000. Epoch Investment Partners Inc. purchased a new stake in Timken in the first quarter worth $24,615,000. Victory Capital Management Inc. increased its stake in Timken by 46.3% in the first quarter. Victory Capital Management Inc. now owns 1,218,249 shares of the industrial products company’s stock worth $55,552,000 after purchasing an additional 385,825 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in Timken by 75.0% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 852,536 shares of the industrial products company’s stock worth $38,877,000 after purchasing an additional 365,406 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Timken by 46.9% during the first quarter. Millennium Management LLC now owns 1,060,345 shares of the industrial products company’s stock valued at $48,352,000 after buying an additional 338,365 shares during the period. Institutional investors and hedge funds own 77.35% of the company’s stock.<br />