Headlines about Timken (NYSE:TKR) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Timken earned a news impact score of 0.06 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 43.5064853787533 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s analysis:
Timken (NYSE TKR) traded up $0.35 on Friday, hitting $52.20. 527,400 shares of the company traded hands, compared to its average volume of 491,091. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.59. Timken has a 1 year low of $41.78 and a 1 year high of $53.10. The firm has a market cap of $4,024.45, a PE ratio of 20.80, a P/E/G ratio of 1.47 and a beta of 1.50.
Timken (NYSE:TKR) last issued its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.68 by $0.03. The company had revenue of $771.40 million during the quarter, compared to analyst estimates of $758.91 million. Timken had a net margin of 6.88% and a return on equity of 13.75%. The firm’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. analysts forecast that Timken will post 2.62 earnings per share for the current fiscal year.
TKR has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Timken from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Thursday, September 28th. Longbow Research upgraded shares of Timken from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 2nd. Finally, Jefferies Group reiterated a “hold” rating and issued a $50.00 target price on shares of Timken in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Timken currently has a consensus rating of “Hold” and an average price target of $52.00.
In related news, insider Richard G. Kyle sold 9,242 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $49.75, for a total value of $459,789.50. Following the completion of the sale, the insider now owns 89,236 shares of the company’s stock, valued at approximately $4,439,491. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.08% of the stock is currently owned by insiders.
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Timken 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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