Timkensteel (NYSE:TMST) posted its quarterly earnings data on Thursday. The basic materials company reported ($0.77) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.34) by ($0.43), Briefing.com reports. Timkensteel had a negative return on equity of 7.45% and a negative net margin of 3.33%. The company had revenue of $341.40 million for the quarter, compared to analyst estimates of $345.00 million. During the same quarter in the prior year, the company posted ($1.52) earnings per share. The business’s revenue was up 59.0% on a year-over-year basis.
Timkensteel (NYSE TMST) traded down $1.80 during midday trading on Friday, reaching $17.10. 1,800,235 shares of the company’s stock were exchanged, compared to its average volume of 574,043. The firm has a market capitalization of $839.95, a PE ratio of -17.27 and a beta of 2.25. Timkensteel has a 52 week low of $12.48 and a 52 week high of $23.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.21 and a quick ratio of 1.05.
A number of research firms have recently issued reports on TMST. BidaskClub raised shares of Timkensteel from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Timkensteel from a “hold” rating to a “sell” rating in a report on Saturday, January 20th. Jefferies Group reissued a “hold” rating and issued a $19.00 price objective on shares of Timkensteel in a report on Thursday, October 19th. ValuEngine lowered shares of Timkensteel from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Finally, KeyCorp lowered shares of Timkensteel from a “sector weight” rating to an “underweight” rating and set a $12.00 price objective for the company. in a report on Wednesday, December 6th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $17.20.
Timkensteel 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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