Timken (NYSE:TKR – Get Free Report) issued its earnings results on Wednesday. The industrial products company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.08, Zacks reports. Timken had a return on equity of 14.82% and a net margin of 7.41%. Timken updated its FY 2025 guidance to 5.300-5.800 EPS.
Timken Price Performance
NYSE:TKR traded up $0.01 during trading hours on Friday, reaching $81.29. 52,497 shares of the company’s stock were exchanged, compared to its average volume of 665,038. The company has a quick ratio of 1.62, a current ratio of 3.00 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $5.70 billion, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 1.04 and a beta of 1.39. Timken has a 12 month low of $69.35 and a 12 month high of $94.71. The business’s 50-day simple moving average is $75.39 and its two-hundred day simple moving average is $79.42.
Analyst Ratings Changes
A number of research analysts have recently commented on TKR shares. Morgan Stanley raised shares of Timken from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $82.00 to $93.00 in a research report on Tuesday, December 17th. KeyCorp reissued a “sector weight” rating on shares of Timken in a research report on Friday, November 22nd. Jefferies Financial Group raised shares of Timken from a “hold” rating to a “buy” rating and lifted their price target for the company from $80.00 to $95.00 in a report on Friday, December 6th. Citigroup lowered their price objective on Timken from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, Bank of America raised Timken from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $73.00 to $78.00 in a report on Tuesday. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Timken presently has a consensus rating of “Moderate Buy” and a consensus target price 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.
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