Share on StockTwits

Timken Co (NYSE:TKR) updated its FY14 earnings guidance on Thursday. The company provided earnings per share guidance of $2.40-2.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.54, Analyst Ratings reports.

Several analysts have recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of Timken from $75.00 to $60.00 in a research note on Monday, July 7th. On a related note, analysts at Zacks downgraded shares of Timken from a neutral rating to an underperform rating in a research note on Thursday, July 3rd. They now have a $47.70 price target on the stock. Finally, analysts at BB&T Corp. cut their price target on shares of Timken from $78.00 to $57.00 in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $61.46.

Timken Co (NYSE:TKR) opened at 46.50 on Thursday. Timken Co has a 1-year low of $35.9485 and a 1-year high of $49.96. The stock has a 50-day moving average of $48.14 and a 200-day moving average of $44.21. The company has a market cap of $4.243 billion and a P/E ratio of 16.24. Timken also was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 1,236,619 shares, a drop of 42.5% from the June 13th total of 2,151,733 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 1,065,145 shares, the short-interest ratio is currently 1.2 days.

Timken (NYSE:TKR) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.65 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.67 by $0.02. The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $800.10 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was down 30.0% on a year-over-year basis. On average, analysts predict that Timken Co will post $2.54 earnings per share for the current fiscal year.

The Timken Company (NYSE:TKR)develops, manufactures, markets and sells products for friction management and mechanical power transmission, alloy steels and steel components.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.