Timken (NYSE:TKR) is scheduled to be announcing its earnings results before the market opens on Wednesday, February 7th. Analysts expect the company to announce earnings of $0.66 per share for the quarter.
Timken (TKR) opened at $50.00 on Monday. The firm has a market cap of $3,880.85, a price-to-earnings ratio of 19.92, a P/E/G ratio of 1.36 and a beta of 1.44. Timken has a 52 week low of $41.78 and a 52 week high of $55.65. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.59.
In other Timken news, insider Richard G. Kyle sold 9,242 shares of Timken 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 transaction, the insider now directly owns 89,236 shares of the company’s stock, valued at approximately $4,439,491. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.08% of the company’s stock.
Several equities analysts recently weighed in on TKR shares. Jefferies Group raised shares of Timken from a “hold” rating to a “buy” rating in a research note on Thursday, January 18th. Longbow Research raised shares of Timken from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research cut shares of Timken from a “buy” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $54.00.
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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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