The Timken Co (NYSE: TKR) has reported E.P.S. of $1.47 for its first fiscal quarter (ending March 31) versus $1.69 for the same period a year ago — a decline of -13%. Relative to the consensus estimate of $1.68, this was a shortfall of $-0.22. For the latest four quarters through March 31, E.P.S. were $5.29 compared to $5.65 a year ago — a decline of -6%.
Recent Price Action
The Timken Co (NYSE: TKR) stock closed at $89.22 on 4/30/24 after a large increase of 2.9%. Moreover, this advance was accompanied by exceptionally high trading volume at 298% of normal. The stock has been strong relative to the market over the last nine months and has risen 4.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TKR is expected to continue to be an important Value Builder.
Timken has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Timken has a neutral Appreciation Score of 51 but a good Power Rating of 71, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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