The Timken (TKR) Earns Daily News Impact Rating of 0.12

The Timken (TKR) Earns Daily News Impact Rating of 0.12

Here are some of the media headlines that may have impacted AlphaOne’s rankings:

News headlines about Timken (NYSE:TKR) have been trending somewhat positive this week, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Timken earned a news sentiment score of 0.12 on AlphaOne’s scale. AlphaOne also gave press coverage about the industrial products company an impact score of 69 out of 100, indicating that recent press coverage is likely to have an effect on the stock’s share price in the next few days.

Several research analysts have recently weighed in on TKR shares. Jefferies Group LLC restated a “hold” rating and issued a $45.00 price target on shares of Timken in a research note on Tuesday, April 18th. Zacks Investment Research raised Timken from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Saturday, April 29th. Stifel Nicolaus raised their price objective on Timken from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Finally, TheStreet raised Timken from a “c” rating to a “b-” rating in a research note on Thursday, February 9th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $45.71. Shares of Timken (TKR) opened at 46.45 on Monday. The firm’s 50-day moving average price is $46.83 and its 200 day moving average price is $43.69. The company has a market cap of $3.62 billion, a PE ratio of 29.53 and a beta of 1.39. Timken has a 12 month low of $28.72 and a 12 month high of $51.75.

Timken (NYSE:TKR) last posted its earnings results on Wednesday, April 26th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.12. The firm had revenue of $703.80 million during the quarter, compared to analyst estimates of $649.70 million. Timken had a net margin of 5.72% and a return on equity of 11.56%. Timken’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 EPS. Equities research analysts anticipate that Timken will post $2.45 earnings per share for the current fiscal year. The business also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Friday, May 19th were paid a $0.27 dividend. This is a positive change from Timken’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Wednesday, May 17th. Timken’s dividend payout ratio is currently 54.17%.

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 TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TKR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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