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Timken (NYSE:TKR) announced its earnings results on Thursday. The company reported $0.65 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.67 by $0.02, Analyst RN reports. The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $800.10 million.

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 company. The stock has a consensus rating of “Hold” and a consensus price target of $61.46.

Shares of Timken (NYSE:TKR) opened at 46.50 on Thursday. Timken has a 52-week low of $35.9485 and a 52-week high of $49.96. The stock’s 50-day moving average is $48.14 and its 200-day moving average is $44.21. The company has a market cap of $4.243 billion and a price-to-earnings ratio of 16.41. Timken also was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 1,236,619 shares, a decline of 42.5% from the June 13th total of 2,151,733 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 1,065,145 shares, the days-to-cover ratio is presently 1.2 days.

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

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