Timken Company (The) (TKR) Receiving Somewhat Favorable Media Coverage, Analysis Finds
News stories about Timken Company (The) (NYSE:TKR) have trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Timken Company (The) earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 45.643572679311 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several research firms recently issued reports on TKR. Zacks Investment Research raised Timken Company (The) from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Wednesday, July 26th. BidaskClub upgraded shares of Timken Company (The) from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Jefferies Group LLC reiterated a “hold” rating and set a $45.00 target price on shares of Timken Company (The) in a report on Friday, July 14th. Stifel Nicolaus reiterated a “hold” rating and set a $53.00 target price on shares of Timken Company (The) in a report on Friday, June 30th. Finally, ValuEngine lowered shares of Timken Company (The) from a “buy” rating to a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $46.83.
Shares of Timken Company (TKR) opened at 45.15 on Monday. The stock’s 50 day moving average is $45.45 and its 200 day moving average is $45.52. The stock has a market capitalization of $3.51 billion, a PE ratio of 22.41 and a beta of 1.36. Timken Company has a 12 month low of $31.60 and a 12 month high of $51.75.
Timken Company (The) (NYSE:TKR) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The firm had revenue of $750.60 million for the quarter, compared to the consensus estimate of $716.50 million. Timken Company (The) had a net margin of 5.98% and a return on equity of 12.73%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the firm posted $0.55 earnings per share. Analysts anticipate that Timken Company will post $2.57 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 22nd were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, August 18th. Timken Company (The)’s dividend payout ratio is currently 51.67%.
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About Timken Company (The)
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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