Timkensteel Corp (NYSE:TMST) – Stock analysts at Jefferies Group upped their FY2018 earnings per share (EPS) estimates for Timkensteel in a research report issued on Tuesday. Jefferies Group analyst S. Rosenfeld now expects that the basic materials company will post earnings of $1.66 per share for the year, up from their previous estimate of $1.60. Jefferies Group currently has a “Hold” rating and a $18.00 target price on the stock.

Timkensteel (NYSE:TMST) last released its earnings results on Thursday, October 26th. The basic materials company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.05). The company had revenue of $339.10 million during the quarter, compared to analysts’ expectations of $351.50 million. Timkensteel had a negative return on equity of 3.98% and a negative net margin of 1.74%. The company’s revenue was up 58.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.38) earnings per share.

TMST has been the topic of a number of other reports. Zacks Investment Research downgraded Timkensteel from a “hold” rating to a “sell” rating in a report on Friday, January 5th. JPMorgan Chase & Co. initiated coverage on Timkensteel in a report on Wednesday, October 4th. They set a “neutral” rating and a $17.00 price target on the stock. KeyCorp downgraded Timkensteel from a “sector weight” rating to an “underweight” rating and set a $12.00 price target on the stock. in a report on Wednesday, December 6th. BidaskClub downgraded Timkensteel from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 13th. Finally, ValuEngine downgraded Timkensteel from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.20.

Shares of Timkensteel (NYSE TMST) traded up $0.15 during trading hours on Wednesday, hitting $17.11. The stock had a trading volume of 397,600 shares, compared to its average volume of 498,000. The company has a market capitalization of $777.28, a P/E ratio of -10.12 and a beta of 2.11. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.05 and a current ratio of 2.21. Timkensteel has a 1 year low of $12.48 and a 1 year high of $23.00.

In other Timkensteel news, insider Tina M. Beskid sold 2,548 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $13.68, for a total value of $34,856.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 8.10% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in TMST. Trexquant Investment LP purchased a new stake in shares of Timkensteel during the third quarter worth about $179,000. BNP Paribas Arbitrage SA grew its holdings in Timkensteel by 52.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,654 shares of the basic materials company’s stock valued at $194,000 after buying an additional 4,327 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Timkensteel during the 3rd quarter valued at approximately $212,000. Dynamic Technology Lab Private Ltd purchased a new position in Timkensteel during the 3rd quarter valued at approximately $223,000. Finally, Municipal Employees Retirement System of Michigan grew its holdings in Timkensteel by 58.7% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 14,650 shares of the basic materials company’s stock valued at $242,000 after buying an additional 5,420 shares in the last quarter. Hedge funds and other institutional investors own 72.62% of the company’s stock.

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About Timkensteel

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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