Wall Street analysts expect Timken Steel Corporation (NYSE:TMST) to report $338.10 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Timken Steel’s earnings. The lowest sales estimate is $324.30 million and the highest is $346.99 million. Timken Steel reported sales of $214.70 million during the same quarter last year, which indicates a positive year-over-year growth rate of 57.5%. The firm is expected to report its next quarterly earnings results on Thursday, February 15th.

On average, analysts expect that Timken Steel will report full-year sales of $338.10 million for the current fiscal year, with estimates ranging from $1.32 billion to $1.36 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.43 billion per share, with estimates ranging from $1.37 billion to $1.49 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Timken Steel.

Timken Steel (NYSE:TMST) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.05). The business had revenue of $339.10 million for the quarter, compared to analyst estimates of $351.50 million. Timken Steel had a negative return on equity of 12.92% and a negative net margin of 6.39%. The company’s revenue for the quarter was up 58.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.38) EPS.

A number of equities research analysts have recently commented on the company. Jefferies Group reaffirmed a “hold” rating and set a $19.00 price target on shares of Timken Steel in a research report on Thursday, October 19th. Zacks Investment Research lowered Timken Steel from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. BidaskClub raised Timken Steel from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 21st. Cowen restated a “buy” rating on shares of Timken Steel in a research note on Friday, September 1st. Finally, ValuEngine downgraded Timken Steel from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Timken Steel presently has an average rating of “Hold” and a consensus price target of $18.50.

Timken Steel (NYSE:TMST) traded down $0.10 during midday trading on Friday, hitting $15.00. The stock had a trading volume of 253,617 shares, compared to its average volume of 266,076. The company has a current ratio of 2.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.28. Timken Steel has a 52 week low of $12.48 and a 52 week high of $23.00.

In other news, insider Tina M. Beskid sold 2,548 shares of Timken Steel stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $13.68, for a total transaction of $34,856.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Northern Trust Corp lifted its holdings in Timken Steel by 1.9% during the 2nd quarter. Northern Trust Corp now owns 928,001 shares of the basic materials company’s stock worth $14,263,000 after purchasing an additional 16,961 shares during the last quarter. Aperio Group LLC lifted its holdings in Timken Steel by 31.0% during the 2nd quarter. Aperio Group LLC now owns 25,156 shares of the basic materials company’s stock worth $387,000 after purchasing an additional 5,954 shares during the last quarter. Teton Advisors Inc. lifted its holdings in Timken Steel by 7.6% during the 3rd quarter. Teton Advisors Inc. now owns 141,799 shares of the basic materials company’s stock worth $2,340,000 after purchasing an additional 10,000 shares during the last quarter. Citigroup Inc. lifted its holdings in Timken Steel by 36.5% during the 2nd quarter. Citigroup Inc. now owns 45,755 shares of the basic materials company’s stock worth $703,000 after purchasing an additional 12,239 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Timken Steel by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,332,660 shares of the basic materials company’s stock worth $51,223,000 after purchasing an additional 77,821 shares during the last quarter. Institutional investors own 74.34% of the company’s stock.

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Timken Steel 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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