Timken Company (The) (TKR) Given Daily Media Sentiment Rating of 0.16
News stories about Timken Company (The) (NYSE:TKR) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Timken Company (The) earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 46.1648156495883 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Timken Company (The) (TKR) to Post FY2018 Earnings of $2.90 Per Share, Gabelli Forecasts (americanbankingnews.com)
- $762.25 Million in Sales Expected for Timken Company (The) (TKR) This Quarter (americanbankingnews.com)
- The Timken Co. : TKR-US: Dividend Analysis : August 22nd, 2017 (record date) : By the numbers : September 19, 2017 (finance.yahoo.com)
- Brokerages Expect Timken Company (The) (TKR) Will Post Earnings of $0.68 Per Share (americanbankingnews.com)
Shares of Timken Company (NYSE:TKR) opened at 48.60 on Friday. The stock has a market cap of $3.78 billion, a P/E ratio of 24.12 and a beta of 1.37. The firm’s 50-day moving average price is $44.68 and its 200 day moving average price is $45.64. Timken Company has a one year low of $31.60 and a one year high of $51.75.
Timken Company (The) (NYSE:TKR) last issued its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. The company had revenue of $750.60 million for the quarter, compared to analysts’ expectations of $716.50 million. Timken Company (The) had a return on equity of 12.73% and a net margin of 5.98%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Equities research analysts expect that Timken Company will post $2.57 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 22nd were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, August 18th. Timken Company (The)’s dividend payout ratio is presently 51.67%.
Several equities research analysts have weighed in on TKR shares. Zacks Investment Research downgraded Timken Company (The) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th. ValuEngine downgraded Timken Company (The) from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group LLC restated a “hold” rating and set a $45.00 price target on shares of Timken Company (The) in a report on Friday, July 14th. BidaskClub downgraded Timken Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Stifel Nicolaus restated a “hold” rating and set a $53.00 price target on shares of Timken Company (The) in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $46.83.
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Timken Company (The) 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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