Analysts predict that Timken Steel Corporation (NYSE:TMST) will announce earnings per share (EPS) of ($0.08) for the current quarter, Zacks reports. Two analysts have made estimates for Timken Steel Corporation’s earnings. The lowest EPS estimate is ($0.12) and the highest is ($0.06). Timken Steel Corporation reported earnings of ($0.38) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 78.9%. The firm is scheduled to announce its next quarterly earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Timken Steel Corporation will report full-year earnings of ($0.54) per share for the current fiscal year, with EPS estimates ranging from ($0.68) to ($0.42). For the next year, analysts forecast that the company will post earnings of $0.83 per share, with EPS estimates ranging from $0.40 to $1.23. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Timken Steel Corporation.

Several research firms have recently issued reports on TMST. BidaskClub raised Timken Steel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine upgraded shares of Timken Steel Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Timken Steel Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Cowen and Company set a $23.00 target price on shares of Timken Steel Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, TheStreet lowered shares of Timken Steel Corporation from a “c-” rating to a “d+” rating in a report on Tuesday, June 6th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.83.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TMST. BlackRock Inc. increased its stake in shares of Timken Steel Corporation by 51,982.7% in the first quarter. BlackRock Inc. now owns 4,911,398 shares of the basic materials company’s stock valued at $92,873,000 after buying an additional 4,901,968 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Timken Steel Corporation by 30.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,016,049 shares of the basic materials company’s stock worth $57,032,000 after acquiring an additional 699,127 shares during the period. Gamco Investors INC. ET AL lifted its stake in shares of Timken Steel Corporation by 100.1% in the second quarter. Gamco Investors INC. ET AL now owns 1,115,452 shares of the basic materials company’s stock worth $17,144,000 after acquiring an additional 557,976 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Timken Steel Corporation by 115.2% in the first quarter. Bank of New York Mellon Corp now owns 1,039,610 shares of the basic materials company’s stock worth $19,659,000 after acquiring an additional 556,559 shares during the period. Finally, State Street Corp lifted its stake in shares of Timken Steel Corporation by 22.0% in the second quarter. State Street Corp now owns 1,933,464 shares of the basic materials company’s stock worth $29,719,000 after acquiring an additional 348,031 shares during the period. Hedge funds and other institutional investors own 75.61% of the company’s stock.

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Shares of Timken Steel Corporation (TMST) traded down 0.70% during midday trading on Tuesday, hitting $17.03. The company had a trading volume of 317,837 shares. Timken Steel Corporation has a one year low of $9.39 and a one year high of $23.00. The stock’s market capitalization is $756.54 million. The stock’s 50-day moving average price is $15.04 and its 200-day moving average price is $15.33.

About Timken Steel Corporation

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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