Research Analysts Set Expectations for Timken Q4 Earnings

The Timken Company (NYSE:TKR) – Analysts at Zacks Research cut their Q4 2024 earnings per share (EPS) estimates for Timken in a research note issued on Thursday, October 17th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings of $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.

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

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

Timken Trading Down 0.2 %

TKR opened at $87.09 on Monday. The firm’s fifty day moving average is $82.64 and its two-hundred day moving average is $84.16. The firm has a market cap of $6.11 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.89 and a beta of 1.43. Timken has a twelve month low of $65.71 and a twelve month high of $94.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 2.95.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TKR. CWM LLC boosted its holdings in shares of Timken by 45.7% in the 1st quarter. CWM LLC now owns 1,297 shares of the industrial products company’s stock valued at $113,000 after buying an additional 407 shares during the last quarter. Global Assets Advisory LLC bought a new position in Timken during the first quarter worth about $1,989,000. Hennessy Advisors Inc. increased its position in Timken by 43.8% during the first quarter. Hennessy Advisors Inc. now owns 51,900 shares of the industrial products company’s stock worth $4,538,000 after buying an additional 15,800 shares during the last quarter. Baker Ellis Asset Management LLC bought a new stake in Timken in the first quarter valued at approximately $4,239,000. Finally, State of Michigan Retirement System raised its stake in Timken by 2.6% in the 1st quarter. State of Michigan Retirement System now owns 15,923 shares of the industrial products company’s stock valued at $1,392,000 after acquiring an additional 400 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Timken

In related news, CEO Richard G. Kyle sold 30,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $80.46, for a total value of $2,413,800.00. Following the completion of the transaction, the chief executive officer now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.70% of the stock is currently owned by insiders.

Timken Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th were issued a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.56%. Timken’s dividend payout ratio (DPR) is presently 27.87%.

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.