Timken Company (The) (NYSE:TKR) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.58-$2.63 for the period, compared to the Thomson Reuters consensus estimate of $2.55.
A number of analysts recently weighed in on the stock. BidaskClub downgraded shares of Timken Company (The) from a sell rating to a strong sell rating in a research note on Friday, August 18th. Jefferies Group LLC reiterated a hold rating and set a $45.00 price objective on shares of Timken Company (The) in a research note on Friday, July 14th. Zacks Investment Research upgraded shares of Timken Company (The) from a hold rating to a buy rating and set a $55.00 target price for the company in a research note on Wednesday, July 26th. ValuEngine raised shares of Timken Company (The) from a hold rating to a buy rating in a report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) cut shares of Timken Company (The) from a conviction-buy rating to a buy rating and decreased their price target for the stock from $55.00 to $51.00 in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Timken Company (The) presently has a consensus rating of Hold and an average target price of $49.60.
Timken Company (NYSE TKR) traded up $0.45 on Friday, reaching $46.65. 489,700 shares of the company’s stock were exchanged, compared to its average volume of 794,289. Timken Company has a one year low of $37.80 and a one year high of $53.10. The company has a quick ratio of 1.38, a current ratio of 2.59 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $3,585.91, a PE ratio of 19.17, a price-to-earnings-growth ratio of 1.53 and a beta of 1.46.
Timken Company (The) (NYSE:TKR) last announced its earnings results on Wednesday, October 25th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. Timken Company (The) had a net margin of 6.88% and a return on equity of 13.75%. The business had revenue of $771.40 million for the quarter, compared to analyst estimates of $758.91 million. During the same quarter last year, the business earned $0.53 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. analysts predict that Timken Company will post 2.62 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be given a $0.27 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.08 annualized dividend and a dividend yield of 2.32%. Timken Company (The)’s dividend payout ratio (DPR) is 43.03%.
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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