Timken Co (NYSE: TKR) kicked off on Tuesday, down -12.92% from the previous trading day, before settling in for the closing price of $83.37. Over the past 52 weeks, TKR has traded in a range of $70.15-$94.71.
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Annual sales at Industrials sector company grew by 6.21% over the past five years. While this was happening, its average annual earnings per share was recorded -14.66%. With a float of $63.10 million, this company’s outstanding shares have now reached $70.13 million.
Let’s look at the performance matrix of the company that is accounted for 19000 employees. In terms of profitability, gross margin is 30.89%, operating margin of 13.57%, and the pretax margin is 10.35%.
Timken Co (TKR) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Tools & Accessories Industry. The insider ownership of Timken Co is 10.04%, while institutional ownership is 84.95%. The most recent insider transaction that took place on Aug 15 ’24, was worth 1,668,000. In this transaction President and CEO of this company sold 20,000 shares at a rate of $83.40, taking the stock ownership to the 224,485 shares. Before that another transaction happened on Aug 15 ’24, when Company’s EVP & CFO sold 5,000 for $83.19, making the entire transaction worth $415,950. This insider now owns 95,541 shares in total.
Timken Co (TKR) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 1.37 earnings per share (EPS), higher than consensus estimate (set at 1.22) by 0.15. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.9 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -14.66% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.27% during the next five years compared to 7.18% growth over the previous five years of trading.
Timken Co (NYSE: TKR) Trading Performance Indicators
Take a look at Timken Co’s (TKR) current performance indicators. Last quarter, stock had a quick ratio of 1.64. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.11. Likewise, its price to free cash flow for the trailing twelve months is 15.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.87, a number that is poised to hit 1.25 in the next quarter and is forecasted to reach 6.91 in one year’s time.
Technical Analysis of Timken Co (TKR)
Timken Co (NYSE: TKR) saw its 5-day average volume 0.9 million, a positive change from its year-to-date volume of 0.48 million. As of the previous 9 days, the stock’s Stochastic %D was 6.37%. Additionally, its Average True Range was 2.34.
During the past 100 days, Timken Co’s (TKR) raw stochastic average was set at 1.41%, which indicates a significant decrease from 1.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.86% in the past 14 days, which was higher than the 33.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $82.75, while its 200-day Moving Average is $84.03. Nevertheless, the first resistance level for the watch stands at $78.09 in the near term. At $83.59, the stock is likely to face the second major resistance level. The third major resistance level sits at $86.46. If the price goes on to break the first support level at $69.72, it is likely to go to the next support level at $66.85. Assuming the price breaks the second support level, the third support level stands at $61.36.
Timken Co (NYSE: TKR) Key Stats
The company with the Market Capitalisation of 5.09 billion has total of 70,135K Shares Outstanding. Its annual sales at the moment are 4,769 M in contrast with the sum of 394,100 K annual income. Company’s last quarter sales were recorded 1,182 M and last quarter income was 96,200 K.
