DA Davidson Has Negative Outlook for Timken FY2025 Earnings

The Timken Company (NYSE:TKR - Free Report) - Equities research analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for Timken in a note issued to investors on Wednesday, November 6th. DA Davidson analyst M. Shlisky now anticipates that the industrial products company will post earnings of $6.47 per share for the year, down from their previous forecast of $7.24. DA Davidson currently has a "Buy" rating and a $99.00 price target on the stock. The consensus estimate for Timken's current full-year earnings is $5.62 per share.

Timken (NYSE:TKR - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by ($0.15). Timken had a return on equity of 14.82% and a net margin of 7.41%. The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the previous year, the business posted $1.55 EPS. The business's quarterly revenue was down 1.4% compared to the same quarter last year.

A number of other brokerages also recently issued reports on TKR. Citigroup initiated coverage on Timken in a research note on Monday, October 14th. They set a "neutral" rating and a $90.00 price objective for the company. Evercore ISI reduced their price target on shares of Timken from $94.00 to $87.00 and set an "in-line" rating on the stock in a report on Monday, August 19th. Oppenheimer cut their target price on shares of Timken from $102.00 to $97.00 and set an "outperform" rating for the company in a report on Wednesday. Finally, KeyCorp lowered their price objective on shares of Timken from $104.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $89.60.

Timken Stock Performance

Shares of NYSE:TKR traded up $0.03 during midday trading on Friday, hitting $77.03. The company had a trading volume of 263,060 shares, compared to its average volume of 483,055. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.94 and a beta of 1.43. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.00 and a quick ratio of 1.64. The company has a fifty day moving average of $82.56 and a two-hundred day moving average of $83.82. Timken has a 12-month low of $70.15 and a 12-month high of $94.71.

Hedge Funds Weigh In On Timken

A number of institutional investors have recently modified their holdings of TKR. Fidelis Capital Partners LLC bought a new stake in shares of Timken in the first quarter valued at about $26,000. Coastline Trust Co purchased a new stake in shares of Timken in the 3rd quarter worth approximately $29,000. Versant Capital Management Inc bought a new position in shares of Timken during the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC increased its holdings 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. Finally, Livelsberger Financial Advisory bought a new position in Timken in the third quarter worth approximately $32,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

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.