Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Timken (TKR) Stock Price
Headlines about Timken (NYSE:TKR) have been trending somewhat positive on Friday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Timken earned a daily sentiment score of 0.02 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 41.2778276762267 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Timken (NYSE TKR) traded down $0.05 during mid-day trading on Friday, reaching $47.45. The company’s stock had a trading volume of 1,199,539 shares, compared to its average volume of 779,324. The company has a market cap of $3,779.95, a PE ratio of 20.21, a PEG ratio of 1.61 and a beta of 1.49. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.59. Timken has a 52-week low of $39.25 and a 52-week high of $53.10.
Timken (NYSE:TKR) last released its earnings results on Wednesday, October 25th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ 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 return on equity of 13.75% and a net margin of 6.88%. The company’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. equities analysts expect that Timken will post 2.62 earnings per share for the current year.
A number of equities analysts have issued reports on the company. BidaskClub cut Timken from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Zacks Investment Research upgraded Timken from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Thursday, September 28th. Jefferies Group reiterated a “hold” rating and set a $50.00 target price on shares of Timken in a report on Thursday, October 26th. Finally, ValuEngine cut Timken from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $52.00.
In other news, insider Richard G. Kyle sold 9,242 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $49.75, for a total value of $459,789.50. Following the completion of the transaction, the insider now owns 89,236 shares in the company, valued at approximately $4,439,491. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.08% of the stock is owned by company insiders.
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Timken 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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