Timken Steel Corporation (TMST) Receives Consensus Rating of “Hold” from Brokerages
Shares of Timken Steel Corporation (NYSE:TMST) have earned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $15.67.
A number of research firms have commented on TMST. ValuEngine downgraded shares of Timken Steel from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. BidaskClub raised shares of Timken Steel from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Cowen reissued a “buy” rating on shares of Timken Steel in a report on Friday, September 1st. Jefferies Group reissued a “hold” rating and set a $18.00 price target on shares of Timken Steel in a report on Sunday, October 29th. Finally, KeyCorp downgraded shares of Timken Steel from a “sector weight” rating to an “underweight” rating and set a $12.00 price target for the company. in a report on Wednesday, December 6th.
In other news, insider Tina M. Beskid sold 2,548 shares of the business’s stock in a transaction on Friday, November 17th. The shares were 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 at the SEC website. Insiders own 8.10% of the company’s stock.
Timken Steel (TMST) traded up $0.04 during trading on Thursday, reaching $13.58. 257,500 shares of the company’s stock were exchanged, compared to its average volume of 505,340. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.21 and a quick ratio of 1.05. Timken Steel has a 1 year low of $12.48 and a 1 year high of $23.00.
Timken Steel (NYSE:TMST) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.05). The business had revenue of $339.10 million during 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 business’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 firm earned ($0.38) EPS. analysts anticipate that Timken Steel will post -0.56 earnings per share for the current fiscal year.
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About Timken Steel
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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