Timken (NYSE:TKR) Announces Quarterly Earnings Results

Timken (NYSE:TKRGet Free Report) announced its quarterly earnings data on Wednesday. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Price Performance

TKR traded up $1.51 during trading on Wednesday, hitting $80.42. 428,829 shares of the stock traded hands, compared to its average volume of 639,978. Timken has a twelve month low of $69.35 and a twelve month high of $94.71. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 1.04 and a beta of 1.39. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.00 and a quick ratio of 1.62. The business has a 50 day moving average price of $75.20 and a 200 day moving average price of $79.39.

Timken Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Tuesday, November 19th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Tuesday, November 19th. Timken’s dividend payout ratio is presently 28.27%.

Wall Street Analysts Forecast Growth

TKR has been the topic of a number of research analyst reports. Evercore ISI upgraded Timken from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $87.00 to $91.00 in a research report on Wednesday, November 13th. KeyCorp reiterated a “sector weight” rating on shares of Timken in a research report on Friday, November 22nd. Bank of America upgraded Timken from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $73.00 to $78.00 in a research report on Tuesday. DA Davidson dropped their price target on Timken from $103.00 to $99.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group upgraded Timken from a “hold” rating to a “buy” rating and increased their target price for the company from $80.00 to $95.00 in a research note on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.09.

Check Out Our Latest Research Report on Timken

Insiders Place Their Bets

In other news, Director Richard G. Kyle sold 30,000 shares of the company’s 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 transaction, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.70% of the company’s stock.

Timken Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Timken (NYSE:TKR)

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