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 0.11 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.5630024655424 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.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
Shares of Timken (TKR) opened at $44.45 on Tuesday. Timken has a 52-week low of $41.78 and a 52-week high of $55.65. The firm has a market cap of $3,450.08, a P/E ratio of 17.30, a PEG ratio of 1.18 and a beta of 1.44. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.23 and a quick ratio of 1.13.
Timken (NYSE:TKR) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. Timken had a net margin of 6.77% and a return on equity of 14.55%. The firm had revenue of $778.00 million during the quarter, compared to analysts’ expectations of $767.98 million. During the same quarter in the prior year, the company earned $0.47 EPS. The company’s revenue was up 18.8% compared to the same quarter last year. research analysts expect that Timken will post 3.25 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th will be given a $0.27 dividend. The ex-dividend date is Friday, February 16th. This represents a $1.08 annualized dividend and a dividend yield of 2.43%. Timken’s payout ratio is presently 42.02%.
Several equities research analysts have recently weighed in on TKR shares. Jefferies Group reaffirmed a “hold” rating and issued a $50.00 price target on shares of Timken in a research report on Thursday, October 26th. Zacks Investment Research cut shares of Timken from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Longbow Research raised shares of Timken from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 2nd. Finally, Stifel Nicolaus lowered their price target on shares of Timken from $53.00 to $52.00 and set a “hold” rating for the company in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $52.25.
In other news, insider Richard G. Kyle sold 9,242 shares of the company’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 11.08% of the stock is currently owned by corporate insiders.
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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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