Timken (TKR) Earning Somewhat Favorable Media Coverage, Study Finds

Media stories about Timken (NYSE:TKR) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty 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 earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 43.5064853787533 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have impacted Accern Sentiment’s analysis:

Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Timken from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Thursday, September 28th. Longbow Research raised shares of Timken from a “neutral” rating to a “buy” rating in a report on Tuesday, January 2nd. Finally, Jefferies Group reaffirmed a “hold” rating and set a $50.00 target price on shares of Timken in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $52.00.

Timken (NYSE TKR) traded up $0.35 during trading on Friday, hitting $52.20. 527,400 shares of the stock were exchanged, compared to its average volume of 491,091. Timken has a fifty-two week low of $41.78 and a fifty-two week high of $53.10. The stock has a market capitalization of $4,024.45, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 1.47 and a beta of 1.50. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.59 and a quick ratio of 1.38.

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. Timken had a net margin of 6.88% and a return on equity of 13.75%. The business had revenue of $771.40 million during the quarter, compared to analyst estimates of $758.91 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. equities analysts expect that Timken will post 2.62 EPS for the current fiscal year.

In other news, insider Richard G. Kyle sold 9,242 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $49.75, for a total transaction of $459,789.50. Following the completion of the sale, the insider now owns 89,236 shares of the company’s stock, valued at $4,439,491. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 11.08% of the stock is owned by corporate insiders.

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About Timken

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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