The Timken Company (TKR) is seeing strong global demand as 2010 sales are expected to rise as much as 25% over 2009. TKR has attractive valuations, with a forward P/E of just 13.2.
Timken manufactures antifriction bearings and power transmission products and services as well as alloy steel and components.
Its friction management and power transmission services a variety of markets including aerospace, automotive, consumer, energy, heavy industry, power generation and rail.
Headquartered in Ohio, the company now has operations in 26 countries.
Analysts Raise Estimates:
Given the big guidance increase, not surprisingly, the analysts moved to raise estimates accordingly.
The 2010 Zacks Consensus jumped 69 cents to $2.64 per share in the last month as all 9 estimates moved higher.
More of the same is expected in 2011, as all 9 estimates have risen over the last 30 days as well, pushing the Zacks Consensus up to $3.09 from $2.44. This is earnings growth of 17%.
Is Timken a Value Stock?
Timken has the envious combination of both growth and value. It has a low P/E but earnings are growing. The company has a PEG ratio of just 0.4, which is well under the industry
Product Model | Inside Diameter | Outside Diameter | Thickness |
W685ZZ KOYO | 5 | 11 | 3 |
WML5010ZZ KOYO | 5 | 10 | 3 |