Timken (TKR) Scheduled to Post Earnings on Tuesday
Resource from: https://www.fairfieldcurrent.com/2018/07/29/timken-tkr-scheduled-to-post-earnings-on-tuesday.html Likes:165
Jul 30,2018
Timken (NYSE:TKR) will be posting its quarterly earnings results before the market opens on Tuesday, July 31st. Analysts expect Timken to post earnings of $1.07 per share for the quarter.
Shares of Timken opened at $45.40 on Friday, MarketBeat reports. The stock has a market capitalization of $3.41 billion, a PE ratio of 17.26, a PEG ratio of 0.78 and a beta of 1.53. Timken has a one year low of $41.85 and a one year high of $55.65. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.24 and a current ratio of 2.34.A number of analysts have recently commented on the company. ValuEngine lowered Timken from a “sell” rating to a “strong sell” rating in a report on Monday, July 2nd. Stifel Nicolaus upgraded Timken from a “hold” rating to a “buy” rating and boosted their price target for the company from $52.00 to $60.00 in a report on Monday, May 28th. CL King assumed coverage on Timken in a report on Thursday, June 28th. They issued a “neutral” rating on the stock. KeyCorp upgraded Timken from a “sector weight” rating to an “overweight” rating and set a $54.00 price target on the stock in a report on Wednesday, June 27th. Finally, Bank of America boosted their price target on Timken from $50.00 to $51.00 and gave the company an “underperform” rating in a report on Tuesday, May 22nd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $52.83.
In related news, Director Frank C. Sullivan bought 2,000 shares of the stock in a transaction that occurred on Thursday, May 3rd. The shares were acquired at an average price of $44.85 per share, with a total value of $89,700.00. Following the completion of the transaction, the director now owns 46,932 shares in the company, valued at $2,104,900.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ward J. Timken, Jr. sold 4,002 shares of Timken stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $49.10, for a total value of $196,498.20. Following the completion of the sale, the director now directly owns 269,902 shares in the company, valued at approximately $13,252,188.20. The disclosure for this sale can be found here. Insiders own 11.15% of the company’s stock.
About Timken
The Timken Company engineers, manufactures, and markets bearings, transmissions, gearboxes, belts, chains, lubrication systems, couplings, industrial clutches and brakes, and related products worldwide. It operates through two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, lubrication devices, and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches and brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.
(https://www.fairfieldcurrent.com/2018/07/29/timken-tkr-scheduled-to-post-earnings-on-tuesday.html)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Previous Automotive Aftermarket of Schaeffler gives product packaging new optics
Next AB SKF (SKFRY) Upgraded at ValuEngine
Next AB SKF (SKFRY) Upgraded at ValuEngine
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
