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

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

Timken Stock Performance

Shares of Timken stock traded up $1.77 on Wednesday, reaching $80.68. The stock had a trading volume of 307,431 shares, compared to its average volume of 633,307. Timken has a fifty-two week low of $69.35 and a fifty-two week high of $94.71. The stock has a market cap of $5.66 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 1.04 and a beta of 1.39. The business’s 50-day moving average price is $75.20 and its two-hundred day moving average price is $79.39. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.62 and a current ratio of 3.00.

Timken Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TKR. Jefferies Financial Group upgraded shares of Timken from a “hold” rating to a “buy” rating and increased their price target for the company from $80.00 to $95.00 in a report on Friday, December 6th. Citigroup dropped their price objective on shares of Timken from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. 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. Evercore ISI raised Timken from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $87.00 to $91.00 in a research note on Wednesday, November 13th. Finally, 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, November 6th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.09.

Insider Buying and Selling

In other news, Director Richard G. Kyle sold 30,000 shares of the firm’s stock in a transaction that occurred on 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 owns 194,485 shares of the company’s stock, valued at approximately $14,895,606.15. This trade represents a 13.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 8.70% of the stock is currently owned by insiders.

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.