|Bid||51.65 x 1000|
|Ask||51.74 x 800|
|Day's Range||50.50 - 51.83|
|52 Week Range||22.26 - 58.78|
|Beta (5Y Monthly)||1.78|
|PE Ratio (TTM)||12.33|
|Earnings Date||Oct 28, 2020 - Nov 02, 2020|
|Forward Dividend & Yield||1.12 (2.21%)|
|Ex-Dividend Date||May 21, 2020|
|1y Target Est||59.00|
Timken (TKR) reports better-than-expected second-quarter results on lower operating expenses on cost reduction actions despite weak demand amid the COVID-19 pandemic.
The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, today declared a quarterly cash dividend of 28 cents per share. The dividend is payable on Sept. 3, 2020, to shareholders of record as of Aug. 21, 2020.
Timken (TKR) delivered earnings and revenue surprises of 209.09% and 13.93%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?