Press coverage about TimkenSteel (NYSE:TMST) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TimkenSteel earned a news impact score of 0.10 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 46.5908806456671 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
Several research firms have weighed in on TMST. Zacks Investment Research cut TimkenSteel from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. KeyCorp set a $19.00 price objective on TimkenSteel and gave the company a “buy” rating in a research report on Friday, March 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $18.60.
TimkenSteel stock opened at $16.24 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 0.90 and a debt-to-equity ratio of 0.29. TimkenSteel has a fifty-two week low of $12.48 and a fifty-two week high of $20.24. The company has a market cap of $699.60, a price-to-earnings ratio of -15.92 and a beta of 2.04.
TimkenSteel (NYSE:TMST) last issued its quarterly earnings results on Thursday, January 25th. The basic materials company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.43). TimkenSteel had a negative return on equity of 7.56% and a negative net margin of 3.33%. The company had revenue of $341.40 million during the quarter, compared to the consensus estimate of $345.00 million. During the same period in the prior year, the firm earned ($1.52) earnings per share. The business’s revenue for the quarter was up 59.0% compared to the same quarter last year. analysts forecast that TimkenSteel will post 0.53 earnings per share for the current year.
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TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide. It offers carbon, micro-alloy, and alloy steel ingots, bars, tubes, and billets; and precision components, as well as thermal treatment and machining services. The company's products are used in oil country drill pipes; bits and collars; gears; hubs; axles; crankshafts and connecting rods; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts; anti-friction bearings; and other applications.
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