DA Davidson Has Bearish Forecast for Timken FY2025 Earnings

The Timken Company (NYSE:TKR) – Investment analysts at DA Davidson decreased their FY2025 earnings per share estimates for shares of Timken in a research note issued to investors on Wednesday, November 6th. DA Davidson analyst M. Shlisky now anticipates that the industrial products company will earn $6.47 per share for the year, down from their previous estimate of $7.24. DA Davidson has a “Buy” rating and a $99.00 price target on the stock. The consensus estimate for Timken’s current full-year earnings is $5.62 per share.

Timken (NYSE:TKR) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.15). The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. Timken had a net margin of 7.41% and a return on equity of 14.82%. Timken’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 EPS.

Other equities research analysts have also issued reports about the stock. Evercore ISI lowered their price target on shares of Timken from $94.00 to $87.00 and set an “in-line” rating for the company in a report on Monday, August 19th. KeyCorp lowered their target price on Timken from $104.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday. Oppenheimer dropped their target price on Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Citigroup started coverage on Timken in a report on Monday, October 14th. They issued a “neutral” rating and a $90.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $89.60.

Timken Stock Down 2.8 %

Shares of NYSE:TKR opened at $76.99 on Friday. The company has a 50 day moving average of $82.56 and a two-hundred day moving average of $83.82. Timken has a 52-week low of $70.15 and a 52-week high of $94.71. The company has a quick ratio of 1.64, a current ratio of 3.00 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.94 and a beta of 1.43.

Institutional Investors Weigh In On Timken

Institutional investors have recently made changes to their positions in the company. Fidelis Capital Partners LLC acquired a new position in Timken in the first quarter worth $26,000. Coastline Trust Co bought a new position in shares of Timken in the 3rd quarter worth about $29,000. Versant Capital Management Inc acquired a new position in shares of Timken in the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC grew its position in shares of Timken by 1,905.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company’s stock valued at $32,000 after buying an additional 343 shares during the last quarter. Finally, Livelsberger Financial Advisory acquired a new stake in Timken during the third quarter worth about $32,000. 89.08% of the stock is currently owned by institutional investors.

About Timken

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.