The Timken Company (NYSE:TKR) is expected to report second quarter earnings results, before market open, on Monday 3rd August 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.34 per share.
Looking ahead, the full year income are expected at $ 2.74 per share on the revenues of $ 3213.47 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 disclosed income for the first quarter of $ 1.11 per share, from the revenue of $ 923.40 million. The quarterly earnings down 17.78 percent while revenues lowered 5.18 percent compared with the same quarter last year.
According to street consensus, TKR was expected to report 1Q20 income of $ 1.07 per share from revenue of $ 917.84 million. The bottom line results beat street analysts by $ 0.04 or 3.74 percent, at the same time, top line results outshined analysts by $ 5.56 million or 0.61 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of The Timken Company
Stock Performance
According to the previous trading day, closing price of TKR was $ 45.66, representing a 105.12 % increase from the 52 week low of $ 22.26 and a 22.32 % decrease over the 52 week high of $ 58.78.
The company has a market capital of $ 3.43 billion and is part of the Industrials sector and Tools & Accessories industry.
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Recent Stock Dividend Announcement
On May 8, 2020, the board of directors authorized quarterly dividend of $ 0.28 per share to holders of record as of the close of business on May 22, 2020, with payment date of June 3, 2020 and ex-dividend date on May 21, 2020.
Conference Call
The Timken Company will be hosting a conference call at 10:00 AM eastern time on 3rd August 2020, to discuss its 2Q20 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.
