Zacks Research Comments on Timken’s Q4 Earnings (NYSE:TKR)

The Timken Company (NYSE:TKR) – Zacks Research decreased their Q4 2024 earnings per share (EPS) estimates for shares of Timken in a research report issued to clients and investors on Thursday, October 17th. Zacks Research analyst M. Das now anticipates that the industrial products company will earn $1.28 per share for the quarter, down from their prior forecast of $1.33. The consensus estimate for Timken’s current full-year earnings is $6.05 per share. Zacks Research also issued estimates for Timken’s Q1 2025 earnings at $1.82 EPS, Q2 2025 earnings at $1.70 EPS, FY2025 earnings at $6.56 EPS, Q1 2026 earnings at $1.86 EPS, Q2 2026 earnings at $1.80 EPS and FY2026 earnings at $7.04 EPS.

Several other research analysts have also recently commented on TKR. Citigroup initiated coverage on Timken in a research report on Monday, October 14th. They set a “neutral” rating and a $90.00 price target for the company. DA Davidson reiterated a “buy” rating and set a $103.00 price objective on shares of Timken in a research note on Tuesday, September 17th. Evercore ISI decreased their target price on shares of Timken from $94.00 to $87.00 and set an “in-line” rating for the company in a research note on Monday, August 19th. Finally, Raymond James began coverage on shares of Timken in a research report on Friday, June 28th. They set a “market perform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $91.70.

Timken Price Performance

Shares of NYSE TKR opened at $85.55 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.95 and a quick ratio of 1.64. The business has a 50-day moving average of $82.64 and a 200-day moving average of $84.13. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.89 and a beta of 1.43. Timken has a fifty-two week low of $65.71 and a fifty-two week high of $94.71.

Timken (NYSE:TKR) last announced its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.03. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. Timken had a net margin of 7.52% and a return on equity of 16.36%. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.01 earnings per share.

Timken Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th were issued a $0.34 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $1.36 annualized dividend and a yield of 1.59%. Timken’s dividend payout ratio is currently 27.87%.

Insiders Place Their Bets

In related news, CEO Richard G. Kyle sold 30,000 shares of Timken stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $80.46, for a total transaction of $2,413,800.00. Following the completion of the sale, the chief executive officer now directly owns 244,485 shares of the company’s stock, valued at approximately $19,671,263.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Timken

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Timken by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 6,515,972 shares of the industrial products company’s stock worth $569,691,000 after purchasing an additional 347,794 shares in the last quarter. Interval Partners LP acquired a new stake in Timken during the first quarter worth approximately $22,907,000. American Century Companies Inc. increased its stake in Timken by 4.8% during the 2nd quarter. American Century Companies Inc. now owns 2,817,294 shares of the industrial products company’s stock worth $225,750,000 after acquiring an additional 128,791 shares during the period. Kodai Capital Management LP acquired a new position in Timken in the 1st quarter valued at $9,130,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Timken by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,104,910 shares of the industrial products company’s stock valued at $168,667,000 after acquiring an additional 97,550 shares during the period. 89.08% of the stock is owned by institutional investors.

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.