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

Timken (NYSE:TKR) issued its quarterly earnings data on Wednesday. The industrial products company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates 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 2.2 %

NYSE TKR traded up $1.77 during mid-day trading on Wednesday, hitting $80.68. The company’s stock had a trading volume of 307,431 shares, compared to its average volume of 633,307. The company has a current ratio of 3.00, a quick ratio of 1.62 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.04 and a beta of 1.39. The company’s 50 day simple moving average is $75.20 and its 200 day simple moving average is $79.39. Timken has a twelve month low of $69.35 and a twelve month high of $94.71.

Timken Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th were paid a $0.34 dividend. 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 (DPR) is currently 28.27%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TKR. Citigroup cut their price objective on Timken from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Jefferies Financial Group upgraded shares of Timken from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $80.00 to $95.00 in a research note on Friday, December 6th. Morgan Stanley upgraded Timken from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $82.00 to $93.00 in a research report on Tuesday, December 17th. Oppenheimer reduced their target price on Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, DA Davidson cut their target price on shares of Timken from $103.00 to $99.00 and set a “buy” 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $91.09.

Insider Activity

In other Timken news, Director Richard G. Kyle sold 30,000 shares of Timken stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $76.59, for a total transaction of $2,297,700.00. Following the completion of the transaction, the director now owns 194,485 shares of the company’s stock, valued at $14,895,606.15. The trade was a 13.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.70% of the stock is currently owned by corporate 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.