What is DA Davidson's Forecast for Timken FY2025 Earnings?

The Timken Company (NYSE:TKR - Free Report) - Equities research analysts at DA Davidson reduced their FY2025 earnings estimates for Timken in a research note issued to investors on Tuesday, October 29th. DA Davidson analyst M. Shlisky now expects that the industrial products company will post earnings of $7.24 per share for the year, down from their prior forecast of $7.27. DA Davidson currently has a "Buy" rating and a $103.00 target price on the stock. The consensus estimate for Timken's current full-year earnings is $6.05 per share.

Timken (NYSE:TKR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.60 by $0.03. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. Timken had a net margin of 7.52% and a return on equity of 16.36%. The business's revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.01 earnings per share.

A number of other analysts also recently commented on the stock. Citigroup initiated coverage on shares of Timken in a report on Monday, October 14th. They set a "neutral" rating and a $90.00 price objective on the stock. Evercore ISI decreased their price objective 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. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Timken presently has a consensus rating of "Hold" and a consensus target price of $91.70.

Timken Price Performance

TKR stock traded down $1.29 during trading on Thursday, reaching $83.00. 380,720 shares of the company were exchanged, compared to its average volume of 466,428. The company has a market cap of $5.82 billion, a P/E ratio of 17.01, a PEG ratio of 1.92 and a beta of 1.43. Timken has a 52-week low of $65.71 and a 52-week high of $94.71. The stock's 50 day moving average price is $83.04 and its 200 day moving average price is $84.02. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 2.95.

Timken Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Tuesday, August 20th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Tuesday, August 20th. Timken's payout ratio is 27.87%.

Insider Activity at Timken

In related news, CEO Richard G. Kyle sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $80.46, for a total transaction of $2,413,800.00. Following the completion of the transaction, the chief executive officer now owns 244,485 shares of the company's stock, valued at approximately $19,671,263.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.70% of the company's stock.

Hedge Funds Weigh In On Timken

Several institutional investors and hedge funds have recently bought and sold shares of TKR. State of Michigan Retirement System increased its position in Timken by 2.6% during the first quarter. State of Michigan Retirement System now owns 15,923 shares of the industrial products company's stock worth $1,392,000 after purchasing an additional 400 shares during the last quarter. Norden Group LLC acquired a new stake in shares of Timken in the first quarter worth $1,341,000. Van ECK Associates Corp increased its position in shares of Timken by 36.5% in the first quarter. Van ECK Associates Corp now owns 21,867 shares of the industrial products company's stock worth $1,912,000 after acquiring an additional 5,849 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of Timken in the first quarter worth $531,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Timken by 6.4% in the first quarter. Janney Montgomery Scott LLC now owns 106,932 shares of the industrial products company's stock worth $9,349,000 after acquiring an additional 6,398 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company's stock.

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.