Timkensteel Corp (NYSE:TMST) – Investment analysts at KeyCorp upped their FY2018 earnings per share estimates for shares of Timkensteel in a research report issued on Sunday. KeyCorp analyst P. Gibbs now forecasts that the basic materials company will post earnings of $0.30 per share for the year, up from their prior estimate of $0.25. KeyCorp has a “Overweight” rating and a $17.00 price target on the stock. KeyCorp also issued estimates for Timkensteel’s FY2019 earnings at $0.97 EPS.

Timkensteel (NYSE:TMST) last announced its 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 company had revenue of $341.40 million during the quarter, compared to analysts’ expectations of $345.00 million. Timkensteel had a negative net margin of 3.33% and a negative return on equity of 7.56%. The company’s revenue for the quarter was up 59.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.52) earnings per share.

A number of other brokerages also recently weighed in on TMST. Zacks Investment Research downgraded shares of Timkensteel from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Jefferies Group reaffirmed a “hold” rating and issued a $18.00 target price on shares of Timkensteel in a research note on Sunday, October 29th. BidaskClub downgraded shares of Timkensteel from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Finally, ValuEngine downgraded shares of Timkensteel from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Three 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. Timkensteel has a consensus rating of “Hold” and an average price target of $18.20.

Shares of Timkensteel (NYSE:TMST) traded up $0.18 on Wednesday, reaching $16.07. 28,554 shares of the company were exchanged, compared to its average volume of 675,309. 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.

Several hedge funds have recently bought and sold shares of TMST. First Dallas Securities Inc. bought a new position in shares of Timkensteel in the fourth quarter worth approximately $125,000. Acadian Asset Management LLC bought a new position in shares of Timkensteel in the fourth quarter worth approximately $137,000. Trexquant Investment LP bought a new position in shares of Timkensteel in the third quarter worth approximately $179,000. Teacher Retirement System of Texas bought a new position in shares of Timkensteel in the fourth quarter worth approximately $195,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Timkensteel in the third quarter worth approximately $212,000. 71.77% of the stock is currently owned by hedge funds and other institutional investors.

In other Timkensteel news, insider Tina M. Beskid sold 2,548 shares of Timkensteel stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $13.68, for a total transaction of $34,856.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 8.10% 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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