Media coverage about Timkensteel (NYSE:TMST) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Timkensteel earned a news impact score of 0.17 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 47.2094526565504 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Timkensteel (TMST) traded down $0.46 during midday trading on Tuesday, reaching $15.83. The company’s stock had a trading volume of 39,854 shares, compared to its average volume of 685,111. The firm has a market capitalization of $648.40, a P/E ratio of -16.19 and a beta of 2.21. The company has a current ratio of 1.98, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. Timkensteel has a 1 year low of $12.48 and a 1 year high of $23.00.
Timkensteel (NYSE:TMST) last announced its quarterly earnings results on Thursday, January 25th. The basic materials company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.43). The business had revenue of $341.40 million for the quarter, compared to analyst estimates of $345.00 million. Timkensteel had a negative return on equity of 7.56% and a negative net margin of 3.33%. Timkensteel’s quarterly revenue was up 59.0% compared to the same quarter last year. During the same period last year, the firm earned ($1.52) EPS. equities analysts forecast that Timkensteel will post 0.52 EPS for the current fiscal year.
TMST has been the subject of several research reports. Zacks Investment Research raised Timkensteel from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday, November 2nd. Jefferies Group reissued a “hold” rating and issued a $18.00 target price on shares of Timkensteel in a research note on Sunday, October 29th. KeyCorp upgraded Timkensteel from a “sector weight” rating to an “overweight” rating and set a $17.00 price target on the stock in a research report on Monday. BidaskClub lowered Timkensteel from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Finally, ValuEngine lowered Timkensteel from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $18.20.
In other news, insider Tina M. Beskid sold 2,548 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $13.68, for a total transaction of $34,856.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 8.10% of the company’s stock.
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Timkensteel Company Profile
TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel. The Company’s portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. In addition, the Company supplies machining and thermal treatment services, as well as manage raw material recycling programs, which are used as a feeder system for its melt operations.
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