What is Zacks Research’s Estimate for Timken Q4 Earnings?

The Timken Company (NYSE:TKR) – Investment analysts at Zacks Research dropped their Q4 2024 earnings per share estimates for shares of Timken in a report issued on Tuesday, November 19th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings per share of $0.99 for the quarter, down from their previous estimate of $1.28. The consensus estimate for Timken’s current full-year earnings is $5.61 per share.

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

Other research analysts have also recently issued reports about the company. Citigroup assumed coverage on Timken in a research note on Monday, October 14th. They issued a “neutral” rating and a $90.00 price objective for the company. Evercore ISI raised shares of Timken from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $87.00 to $91.00 in a research report on Wednesday, November 13th. Oppenheimer dropped their price objective on shares of Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. DA Davidson reduced their target price on shares of Timken from $103.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Timken in a report on Friday. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $90.00.

Timken Stock Performance

TKR opened at $75.96 on Friday. The firm’s 50-day moving average price is $81.45 and its 200-day moving average price is $82.90. The company has a market cap of $5.33 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 1.09 and a beta of 1.43. The company has a quick ratio of 1.62, a current ratio of 3.00 and a debt-to-equity ratio of 0.71. Timken has a 52-week low of $71.57 and a 52-week high of $94.71.

Timken Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Tuesday, November 19th. Timken’s dividend payout ratio (DPR) is currently 28.27%.

Insider Buying and Selling at Timken

In other Timken news, Director Richard G. Kyle sold 30,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $76.59, for a total transaction of $2,297,700.00. Following the completion of the sale, the director now owns 194,485 shares of the company’s stock, valued at $14,895,606.15. This trade represents a 13.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Timken

A number of hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC purchased a new position in shares of Timken in the second quarter valued at approximately $4,363,000. Comerica Bank boosted its position in Timken by 13.8% in the 1st quarter. Comerica Bank now owns 58,945 shares of the industrial products company’s stock valued at $5,154,000 after buying an additional 7,160 shares during the period. Vanguard Group Inc. grew its stake in shares of Timken by 5.6% in the first quarter. Vanguard Group Inc. now owns 6,515,972 shares of the industrial products company’s stock worth $569,691,000 after acquiring an additional 347,794 shares in the last quarter. American Century Companies Inc. increased its position in shares of Timken by 4.8% during the second quarter. American Century Companies Inc. now owns 2,817,294 shares of the industrial products company’s stock worth $225,750,000 after acquiring an additional 128,791 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of Timken by 102.5% in the second quarter. Hsbc Holdings PLC now owns 12,186 shares of the industrial products company’s stock valued at $979,000 after acquiring an additional 6,167 shares in the last quarter. Hedge funds and other institutional investors own 89.08% 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.