Somewhat Positive News Coverage Somewhat Unlikely to Affect Timken Company (The) (TKR) Share Price
News stories about Timken Company (The) (NYSE:TKR) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Timken Company (The) earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.7416738192292 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- TimkenSteel to Present at Cowen Energy & Natural Resources Conference (prnewswire.com)
- Timken Co : Earnings Review and Free Research Report: Timken’s Quarterly Sales Jumped 17.3%; EPS Soared 58% (4-traders.com)
- The Timken Co. : TKR-US: Dividend Analysis : November 17th, 2017 (record date) : By the numbers : November 17, 2017 (finance.yahoo.com)
- Zacks: Analysts Anticipate Timken Company (The) (TKR) Will Post Quarterly Sales of $766.40 Million (americanbankingnews.com)
Several analysts have commented on the company. BidaskClub downgraded Timken Company (The) from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Zacks Investment Research raised Timken Company (The) from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Thursday, September 28th. Goldman Sachs Group, Inc. (The) downgraded Timken Company (The) from a “conviction-buy” rating to a “buy” rating and reduced their price objective for the company from $55.00 to $51.00 in a research note on Monday, August 7th. Jefferies Group LLC reaffirmed a “hold” rating and set a $50.00 price objective on shares of Timken Company (The) in a research note on Thursday, October 26th. Finally, ValuEngine raised Timken Company (The) from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Timken Company (The) has an average rating of “Hold” and an average price target of $52.00.
Timken Company (The) (NYSE:TKR) last issued its earnings results on Wednesday, October 25th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The business had revenue of $771.40 million during the quarter, compared to the consensus estimate of $758.91 million. Timken Company (The) had a return on equity of 13.75% and a net margin of 6.88%. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. analysts expect that Timken Company will post 2.62 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, November 16th. Timken Company (The)’s dividend payout ratio (DPR) is 43.03%.
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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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