Equities research analysts predict that Timken Steel Corporation (NYSE:TMST) will post sales of $350.44 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Timken Steel Corporation’s earnings, with the highest sales estimate coming in at $351.83 million and the lowest estimate coming in at $348.00 million. Timken Steel Corporation posted sales of $213.80 million during the same quarter last year, which would indicate a positive year over year growth rate of 63.9%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, October 26th.

On average, analysts expect that Timken Steel Corporation will report full year sales of $350.44 million for the current fiscal year, with estimates ranging from $1.31 billion to $1.33 billion. For the next year, analysts forecast that the firm will post sales of $1.42 billion per share, with estimates ranging from $1.36 billion to $1.45 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Timken Steel Corporation.

Several research analysts have weighed in on TMST shares. BidaskClub lowered shares of Timken Steel Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Zacks Investment Research lowered shares of Timken Steel Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. J P Morgan Chase & Co started coverage on shares of Timken Steel Corporation in a research report on Wednesday, October 4th. They set a “neutral” rating and a $17.00 target price on the stock. ValuEngine upgraded shares of Timken Steel Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Cowen and Company restated a “buy” rating on shares of Timken Steel Corporation in a research report on Friday, September 1st. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $19.00.

Timken Steel Corporation (NYSE TMST) opened at 17.58 on Tuesday. The stock’s market capitalization is $780.97 million. Timken Steel Corporation has a 52 week low of $9.39 and a 52 week high of $23.00. The company has a 50-day moving average of $16.04 and a 200-day moving average of $15.20.

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Several hedge funds and other institutional investors have recently made changes to their positions in the business. Arizona State Retirement System lifted its holdings in shares of Timken Steel Corporation by 0.5% in the second quarter. Arizona State Retirement System now owns 20,400 shares of the basic materials company’s stock valued at $314,000 after purchasing an additional 100 shares in the last quarter. Texas Permanent School Fund lifted its holdings in shares of Timken Steel Corporation by 1.2% in the second quarter. Texas Permanent School Fund now owns 28,510 shares of the basic materials company’s stock valued at $438,000 after purchasing an additional 335 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Timken Steel Corporation by 3.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,230 shares of the basic materials company’s stock valued at $142,000 after purchasing an additional 340 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Timken Steel Corporation by 0.7% in the second quarter. Teachers Advisors LLC now owns 71,166 shares of the basic materials company’s stock valued at $1,094,000 after purchasing an additional 461 shares in the last quarter. Finally, Mason Street Advisors LLC lifted its holdings in shares of Timken Steel Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,100 shares of the basic materials company’s stock valued at $172,000 after purchasing an additional 596 shares in the last quarter. 75.59% of the stock is currently owned by institutional investors.

Timken Steel Corporation Company Profile

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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