The Timken Company (NYSE:TKR) is expected to report third quarter earnings results, before market open, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.90 per share.
Looking ahead, the full year income are expected at $ 3.77 per share on the revenues of $ 3363.63 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 3,714.00 million ~ $ 3,866.00 million, where as bottomline are predicted in a range of $ 4.25 ~ $ 4.65 per share
Click Here For More Historical Outlooks Of The Timken Company
Previous Quarter Performance
The Timken Company communicated income for the second quarter of $ 1.02 per share, from the revenue of $ 803.50 million. The quarterly earnings declined 19.69 percent while revenues declined 19.65 percent compared with the same quarter last year.
Wall street analysts are predicting, TKR to report 2Q20 income of $ 0.34 per share from revenue of $ 722.13 million. The bottom line results beat street analysts by $ 0.68 or 200.00 percent, at the same time, top line results outshined analysts by $ 81.37 million or 11.27 percent.
Stock Performance
Shares of The Timken Company traded low $ -1.78 or -3.05 percent on Wednesday, reaching $ 56.57 with volume of 726.20 thousand shares. The Timken Company has traded high as $ 57.63 and has cracked $ 55.98 on the downward trend
According to the previous trading day, closing price of $ 56.57, representing a 162.13 % increase from the 52 week low of $ 22.26 and a 5.61 % decrease over the 52 week high of $ 61.82.
The company has a market capital of $ 4.25 billion and is part of the Industrials sector and Tools & Accessories industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.28 per share on August 7, 2020. The dividend were payable on September 3, 2020 to holders of record as of the close of business on August 21, 2020 and ex-dividend date on August 20, 2020.
Conference Call
The Timken Company will be hosting a conference call at 11:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.timken.com
The Timken Company engineers, manufactures, and markets engineered bearings and power transmission products worldwide. It operates in two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, and lubrication devices and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches, brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.
