Timken (TKR) Getting Somewhat Positive News Coverage, Report Finds
Media stories about Timken (NYSE:TKR) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Timken earned a news impact score of 0.08 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 45.5116921410724 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Timken (NYSE TKR) traded up $0.55 during mid-day trading on Thursday, reaching $49.35. 837,462 shares of the company traded hands, compared to its average volume of 783,489. Timken has a 12-month low of $38.90 and a 12-month high of $53.10. The company has a market cap of $3,830.00, a P/E ratio of 20.27, a P/E/G ratio of 1.61 and a beta of 1.50. The company has a quick ratio of 1.38, a current ratio of 2.59 and a debt-to-equity ratio of 0.66.
Timken (NYSE:TKR) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.03. The firm had revenue of $771.40 million during the quarter, compared to analysts’ expectations of $758.91 million. Timken had a net margin of 6.88% and a return on equity of 13.75%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 EPS. equities research analysts predict that Timken will post 2.62 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.19%. The ex-dividend date was Thursday, November 16th. Timken’s payout ratio is presently 43.03%.
TKR has been the subject of several analyst reports. ValuEngine downgraded shares of Timken from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Timken from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Jefferies Group reissued a “hold” rating and set a $50.00 price target on shares of Timken in a report on Thursday, October 26th. Finally, BidaskClub downgraded shares of Timken from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $52.00.
In other Timken news, insider Richard G. Kyle sold 9,242 shares of the firm’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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.08% of the company’s stock.
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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