Timken (NYSE:TKR) Issues Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Timken (NYSE:TKR) announced its earnings results on Wednesday. The industrial products company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.08, Zacks reports. Timken had a net margin of 7.41% and a return on equity of 14.82%. Timken updated its FY 2025 guidance to 5.300-5.800 EPS.

Timken Stock Up 1.9 %

Timken stock traded up $1.51 during midday trading on Wednesday, reaching $80.42. The stock had a trading volume of 428,829 shares, compared to its average volume of 639,978. The company has a market capitalization of $5.64 billion, a P/E ratio of 16.68, a PEG ratio of 1.04 and a beta of 1.39. The company has a current ratio of 3.00, a quick ratio of 1.62 and a debt-to-equity ratio of 0.71. Timken has a 12 month low of $69.35 and a 12 month high of $94.71. The company has a fifty day moving average price of $75.20 and a two-hundred day moving average price of $79.39.

Timken Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Tuesday, November 19th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Tuesday, November 19th. Timken’s dividend payout ratio is currently 28.27%.

Analysts Set New Price Targets

TKR has been the topic of a number of recent analyst reports. DA Davidson cut their target price on Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Citigroup reduced their price objective on Timken from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Jefferies Financial Group upgraded Timken from a “hold” rating to a “buy” rating and raised their price objective for the stock from $80.00 to $95.00 in a research report on Friday, December 6th. Bank of America raised Timken from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $73.00 to $78.00 in a research note on Tuesday. Finally, Evercore ISI raised Timken from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $87.00 to $91.00 in a research note on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.09.

Insider Buying and Selling at Timken

In other news, Director Richard G. Kyle sold 30,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $76.59, for a total transaction of $2,297,700.00. Following the completion of the sale, the director now directly owns 194,485 shares in the company, valued at approximately $14,895,606.15. This represents a 13.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 8.70% of the company’s stock.

Timken Company Profile

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.