News stories about Timken (NYSE:TKR) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Timken earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 44.2168718319055 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several equities research analysts have issued reports on TKR shares. Zacks Investment Research cut shares of Timken from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Jefferies Group reissued a “hold” rating and issued a $50.00 price objective on shares of Timken in a research report on Thursday, October 26th. Finally, Longbow Research raised shares of Timken from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $52.00.
Shares of Timken (TKR) opened at $51.65 on Thursday. Timken has a twelve month low of $41.78 and a twelve month high of $53.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.59 and a quick ratio of 1.38. The company has a market cap of $4,010.00, a PE ratio of 20.58, a PEG ratio of 1.48 and a beta of 1.50.
Timken (NYSE:TKR) last posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.68 by $0.03. Timken had a net margin of 6.88% and a return on equity of 13.75%. The business had revenue of $771.40 million during the quarter, compared to analyst estimates of $758.91 million. During the same quarter in the previous year, the business posted $0.53 EPS. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. sell-side analysts expect that Timken will post 2.62 earnings per share for the current year.
In other news, insider Richard G. Kyle sold 9,242 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $4,439,491. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 11.08% of the company’s stock.
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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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