Timken (NYSE:TKR) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Timken (NYSE:TKR - Get Free Report) released its quarterly earnings data on Wednesday. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.08, Zacks reports. Timken had a return on equity of 13.93% and a net margin of 7.71%. Timken updated its FY 2025 guidance to 5.300-5.800 EPS.

Timken Price Performance

Shares of TKR stock traded up $0.61 on Friday, hitting $81.89. 836,765 shares of the stock traded hands, compared to its average volume of 655,201. Timken has a 52 week low of $69.35 and a 52 week high of $94.71. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.62. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 1.21 and a beta of 1.39. The firm has a 50 day simple moving average of $75.48 and a two-hundred day simple moving average of $79.38.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TKR shares. KeyCorp reiterated a "sector weight" rating on shares of Timken in a report on Friday, November 22nd. Evercore ISI upgraded shares of Timken from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $87.00 to $91.00 in a research note on Wednesday, November 13th. Bank of America raised Timken from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $73.00 to $78.00 in a report on Tuesday, February 4th. Morgan Stanley raised Timken from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $82.00 to $93.00 in a report on Tuesday, December 17th. Finally, Jefferies Financial Group upgraded Timken from a "hold" rating to a "buy" rating and boosted their price target for the company from $80.00 to $95.00 in a research note on Friday, December 6th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Timken currently has an average rating of "Moderate Buy" and an average price target of $91.50.

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.