Analysts expect that Timkensteel Corp (NYSE:TMST) will post ($0.04) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Timkensteel’s earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at ($0.03). Timkensteel posted earnings of ($0.13) per share during the same quarter last year, which would indicate a positive year over year growth rate of 69.2%. The company is scheduled to announce its next quarterly earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Timkensteel will report full year earnings of $0.28 per share for the current year, with EPS estimates ranging from $0.20 to $0.34. For the next year, analysts anticipate that the company will post earnings of $1.45 per share, with EPS estimates ranging from $0.99 to $2.27. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Timkensteel.

Timkensteel (NYSE:TMST) last issued its earnings results on Thursday, July 26th. The basic materials company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.11). The company had revenue of $413.50 million during the quarter, compared to analysts’ expectations of $419.33 million. Timkensteel had a negative return on equity of 5.79% and a negative net margin of 2.29%. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.03) EPS.

A number of analysts have issued reports on TMST shares. ValuEngine upgraded shares of Timkensteel from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Zacks Investment Research cut shares of Timkensteel from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Jefferies Financial Group restated a “hold” rating and issued a $17.00 price target on shares of Timkensteel in a report on Friday, July 27th. Finally, KeyCorp upped their price target on shares of Timkensteel from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, June 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $17.50.

Shares of TMST stock traded down $0.52 on Tuesday, hitting $14.51. 380,572 shares of the stock traded hands, compared to its average volume of 233,572. The company has a market capitalization of $646.93 million, a price-to-earnings ratio of -14.51 and a beta of 1.88. Timkensteel has a 52 week low of $12.54 and a 52 week high of $20.24. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.19 and a quick ratio of 0.95.

Several hedge funds and other institutional investors have recently bought and sold shares of TMST. Millennium Management LLC lifted its stake in Timkensteel by 126.9% in the first quarter. Millennium Management LLC now owns 606,439 shares of the basic materials company’s stock worth $9,212,000 after acquiring an additional 339,168 shares during the last quarter. BlackRock Inc. raised its holdings in Timkensteel by 5.8% during the second quarter. BlackRock Inc. now owns 5,593,687 shares of the basic materials company’s stock worth $91,454,000 after purchasing an additional 305,082 shares in the last quarter. Penn Capital Management Co. Inc. acquired a new stake in Timkensteel during the second quarter worth approximately $3,033,000. Dimensional Fund Advisors LP raised its holdings in Timkensteel by 5.0% during the first quarter. Dimensional Fund Advisors LP now owns 3,576,561 shares of the basic materials company’s stock worth $54,328,000 after purchasing an additional 169,474 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in shares of Timkensteel by 30.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 699,716 shares of the basic materials company’s stock valued at $10,629,000 after acquiring an additional 163,585 shares during the period. 75.22% of the stock is owned by institutional investors and hedge funds.

Timkensteel Company Profile

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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Earnings History and Estimates for Timkensteel (NYSE:TMST)

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