The Timken Co (NYSE: TKR) has reported E.P.S. of $1.37 for its second fiscal quarter (ending June 30) versus $1.74 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $4.92 compared to $5.96 a year ago.
Recent Price Action
The Timken Co (NYSE: TKR) stock closed at $86.95 on 7/31/24 after an increase of 1.6%. Moreover, unusually high trading volume at 177% of normal accompanied the advance. The stock has risen 4.1% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, TKR is expected to continue to be an important Value Builder.
Timken has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Timken has a neutral Appreciation Score of 56 but a good Power Rating of 71, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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