Timken (NYSE:TKR) Releases FY 2025 Earnings Guidance

Timken (NYSE:TKR - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 5.100-5.600 for the period, compared to the consensus estimate of 5.430. The company issued revenue guidance of $4.5 billion-$4.6 billion, compared to the consensus revenue estimate of $4.5 billion.

Timken Stock Up 3.5 %

Timken stock traded up $2.23 during midday trading on Friday, hitting $66.58. 576,975 shares of the company were exchanged, compared to its average volume of 555,890. The company has a market cap of $4.66 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. The company's fifty day moving average price is $68.90 and its 200-day moving average price is $74.64. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.61. Timken has a fifty-two week low of $56.20 and a fifty-two week high of $93.66.

Timken (NYSE:TKR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $1.40 EPS for the quarter, missing analysts' consensus estimates of $1.43 by ($0.03). The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. Timken had a return on equity of 13.93% and a net margin of 7.71%. The firm's revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the business posted $1.77 earnings per share. On average, research analysts predict that Timken will post 5.62 EPS for the current fiscal year.

Timken Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.10%. This is a boost from Timken's previous quarterly dividend of $0.34. Timken's dividend payout ratio (DPR) is presently 27.25%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. DA Davidson reaffirmed a "neutral" rating and set a $66.00 price target (down from $97.00) on shares of Timken in a research note on Monday, April 21st. Jefferies Financial Group reissued a "hold" rating and issued a $70.00 price target (down from $90.00) on shares of Timken in a report on Wednesday, April 2nd. Citigroup dropped their target price on shares of Timken from $95.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group decreased their price target on Timken from $85.00 to $75.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Finally, Evercore ISI boosted their target price on shares of Timken from $91.00 to $102.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $79.20.

Insider Activity at Timken

In other news, CFO Philip D. Fracassa sold 5,000 shares of the firm's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $81.50, for a total value of $407,500.00. Following the transaction, the chief financial officer now directly owns 90,541 shares in the company, valued at $7,379,091.50. This trade represents a 5.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.37% 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.