Timken (NYSE:TKR) Issues 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.

Wall Street Analyst Weigh In

TKR has been the subject of several research analyst reports. Loop Capital cut their price target on Timken from $85.00 to $65.00 and set a "hold" rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group lowered their price objective on shares of Timken from $85.00 to $75.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Jefferies Financial Group restated a "hold" rating and set a $70.00 target price (down from $90.00) on shares of Timken in a research report on Wednesday, April 2nd. DA Davidson boosted their price objective on Timken from $66.00 to $71.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Citigroup lowered their price objective on Timken from $95.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $79.70.

Timken Trading Up 1.4 %

TKR stock traded up $0.90 during trading on Monday, hitting $67.45. The company had a trading volume of 277,162 shares, compared to its average volume of 714,403. Timken has a 52-week low of $56.20 and a 52-week high of $93.66. The firm has a market capitalization of $4.72 billion, a P/E ratio of 13.52, a PEG ratio of 1.51 and a beta of 1.30. The company has a 50 day simple moving average of $68.90 and a 200-day simple moving average of $74.55. The company has a quick ratio of 1.61, a current ratio of 3.07 and a debt-to-equity ratio of 0.69.

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

Timken Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be issued a $0.35 dividend. This is a positive change from Timken's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 2.08%. Timken's payout ratio is currently 30.17%.

Insider Transactions at Timken

In related 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 completion of the transaction, the chief financial officer now owns 90,541 shares in the company, valued at $7,379,091.50. This trade represents a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.70% of the company's stock.

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.