Timken (NYSE:TKR – Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 5.300-5.800 for the period, compared to the consensus earnings per share estimate of 6.290. The company issued revenue guidance of $4.4 billion-$4.5 billion, compared to the consensus revenue estimate of $4.7 billion.
Timken Stock Performance
NYSE:TKR traded down $0.37 during mid-day trading on Thursday, hitting $81.27. 1,006,043 shares of the stock were exchanged, compared to its average volume of 682,576. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 1.04 and a beta of 1.39. The firm’s 50-day simple moving average is $75.30 and its 200 day simple moving average is $79.41. 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 fifty-two week low of $69.35 and a fifty-two week high of $94.71.
Timken (NYSE:TKR – Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. Timken had a return on equity of 14.82% and a net margin of 7.41%. As a group, equities analysts anticipate that Timken will post 5.61 EPS for the current fiscal year.
Timken Dividend Announcement
Analysts Set New Price Targets
TKR has been the topic of several recent analyst reports. Morgan Stanley upgraded Timken from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $82.00 to $93.00 in a research note on Tuesday, December 17th. Oppenheimer cut 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. KeyCorp reissued a “sector weight” rating on shares of Timken in a research note on Friday, November 22nd. Evercore ISI raised Timken from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $87.00 to $91.00 in a research note on Wednesday, November 13th. Finally, Bank of America raised Timken from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $73.00 to $78.00 in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.09.
Read Our Latest Research Report on Timken
Insider Buying and Selling at Timken
In related news, Director Richard G. Kyle sold 30,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $76.59, for a total value of $2,297,700.00. Following the transaction, the director now directly owns 194,485 shares of the company’s stock, valued at approximately $14,895,606.15. The trade was a 13.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.70% of the stock is currently owned by company insiders.
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.
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