Timkensteel Corp (NYSE:TMST) – Research analysts at Jefferies Group lowered their Q1 2018 earnings estimates for Timkensteel in a report released on Friday, April 6th. Jefferies Group analyst S. Rosenfeld now anticipates that the basic materials company will post earnings of $0.07 per share for the quarter, down from their previous forecast of $0.10. Jefferies Group also issued estimates for Timkensteel’s Q2 2018 earnings at $0.19 EPS and FY2019 earnings at $1.71 EPS.
A number of other equities research analysts have also weighed in on the stock. KeyCorp raised shares of Timkensteel from a “sector weight” rating to an “overweight” rating and set a $17.00 target price on the stock in a research note on Monday, February 12th. Zacks Investment Research raised shares of Timkensteel from a “sell” rating to a “hold” rating in a research note on Thursday, March 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $18.60.
Shares of Timkensteel stock opened at $14.96 on Monday. The firm has a market capitalization of $663.58, a price-to-earnings ratio of -14.96 and a beta of 2.04. Timkensteel has a 12-month low of $12.48 and a 12-month high of $20.24. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.90 and a current ratio of 1.98.
Timkensteel (NYSE:TMST) last announced its quarterly earnings results on Thursday, January 25th. The basic materials company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.43). The firm had revenue of $341.40 million during the quarter, compared to the consensus estimate of $345.00 million. Timkensteel had a negative return on equity of 7.56% and a negative net margin of 3.33%. Timkensteel’s revenue was up 59.0% on a year-over-year basis. During the same period last year, the business earned ($1.52) EPS.
Several institutional investors and hedge funds have recently made changes to their positions in TMST. Pinebridge Investments L.P. boosted its stake in Timkensteel by 6.4% during the fourth quarter. Pinebridge Investments L.P. now owns 59,369 shares of the basic materials company’s stock worth $902,000 after acquiring an additional 3,586 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Timkensteel by 58.7% during the third quarter. Municipal Employees Retirement System of Michigan now owns 14,650 shares of the basic materials company’s stock worth $242,000 after acquiring an additional 5,420 shares in the last quarter. White Pine Capital LLC boosted its stake in Timkensteel by 8.6% during the fourth quarter. White Pine Capital LLC now owns 69,757 shares of the basic materials company’s stock worth $1,060,000 after acquiring an additional 5,550 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Timkensteel by 53.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 16,648 shares of the basic materials company’s stock worth $253,000 after acquiring an additional 5,800 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in Timkensteel by 48.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 19,144 shares of the basic materials company’s stock worth $291,000 after acquiring an additional 6,272 shares in the last quarter. 75.03% of the stock is currently owned by hedge funds and other institutional investors.
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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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