Timken Reports Fourth-Quarter and Full-Year 2016 Results, Provides 2017 Outlook

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Go back to Timken Reports Fourth-Quarter and Full-Year 2016 Results, Provides 2017 Outlook

Timken (TKR) PT Raised to $45 at Jefferies Following 2Q Results

February 13, 2017 8:23 AM EST

Jefferies analyst Stephen Volkmann reiterates Hold rating and raises price target on Timken Company (NYSE: TKR) to $45 (from $38), as the company reported 2016 fourth quarter EPS results above consensus estimates, driven by order trend and customer inquiry improvements.

Volkmann comments, "TKR reported 4Q EPS of... More

Timken (TKR) Tops Q4 EPS by 2c

February 9, 2017 6:52 AM EST

Timken (NYSE: TKR) reported Q4 EPS of $0.47, $0.02 better than the analyst estimate of $0.45. Revenue for the quarter came in at $655 million versus the consensus estimate of $645.69 million.

2017 Outlook

The company expects 2017 revenue to be relatively flat compared with 2016. This includes a negative currency impact of... More