Equities Analysts Offer Predictions for Timken Q4 Earnings

The Timken Company (NYSE:TKR) – Zacks Research reduced their Q4 2024 earnings estimates for shares of Timken in a research note issued on Tuesday, November 19th. Zacks Research analyst M. Das now anticipates that the industrial products company will earn $0.99 per share for the quarter, down from their prior forecast of $1.28. The consensus estimate for Timken’s current full-year earnings is $5.61 per share.

A number of other equities research analysts have also weighed in on the stock. DA Davidson lowered their price target on shares of Timken from $103.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Citigroup assumed coverage on Timken in a report on Monday, October 14th. They issued a “neutral” rating and a $90.00 price target for the company. Oppenheimer dropped their price target on Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Evercore ISI raised shares of Timken from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $87.00 to $91.00 in a report on Wednesday, November 13th. Finally, KeyCorp reissued a “sector weight” rating on shares of Timken in a report on Friday. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Timken has an average rating of “Hold” and an average target price of $90.00.

Timken Price Performance

TKR stock opened at $75.96 on Friday. The stock has a 50-day simple moving average of $81.45 and a 200-day simple moving average of $82.85. The firm has a market cap of $5.33 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 1.12 and a beta of 1.43. 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 has a 1 year low of $71.57 and a 1 year high of $94.71.

Timken (NYSE:TKR) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.15). The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Timken had a net margin of 7.41% and a return on equity of 14.82%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 earnings per share.

Institutional Trading of Timken

A number of hedge funds have recently bought and sold shares of the company. Coastline Trust Co purchased a new position in Timken during the 3rd quarter worth approximately $29,000. Versant Capital Management Inc purchased a new position in shares of Timken during the second quarter valued at $30,000. EverSource Wealth Advisors LLC raised its position in Timken by 1,905.6% during the first quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company’s stock valued at $32,000 after buying an additional 343 shares during the period. Livelsberger Financial Advisory purchased a new stake in Timken in the 3rd quarter worth about $32,000. Finally, UMB Bank n.a. lifted its stake in Timken by 64.1% in the 3rd quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 168 shares in the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Richard G. Kyle sold 30,000 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 194,485 shares of the company’s stock, valued at $14,895,606.15. The trade was 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 available at this link. 8.70% of the stock is owned by company insiders.

Timken Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 19th will be paid a dividend of $0.34 per share. The ex-dividend date is Tuesday, November 19th. This represents a $1.36 annualized dividend and a yield of 1.79%. Timken’s dividend payout ratio is currently 28.27%.

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.