Equities research analysts predict that Timkensteel Corp (NYSE:TMST) will announce earnings per share (EPS) of $0.13 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Timkensteel’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.21. Timkensteel posted earnings per share of ($0.77) during the same quarter last year, which suggests a positive year-over-year growth rate of 116.9%. The firm is expected to issue its next earnings results on Thursday, January 24th.

According to Zacks, analysts expect that Timkensteel will report full-year earnings of $0.21 per share for the current fiscal year, with EPS estimates ranging from $0.10 to $0.27. For the next year, analysts anticipate that the firm will report earnings of $1.23 per share, with EPS estimates ranging from $0.43 to $2.15. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Timkensteel.

Timkensteel (NYSE:TMST) last announced its quarterly earnings data on Thursday, October 25th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.09. The company had revenue of $409.90 million for the quarter, compared to analysts’ expectations of $422.82 million. Timkensteel had a negative net margin of 1.71% and a negative return on equity of 4.55%.

Several equities research analysts have commented on the stock. Jefferies Financial Group restated a “hold” rating and set a $17.00 target price on shares of Timkensteel in a research report on Friday, July 27th. Zacks Investment Research lowered shares of Timkensteel from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Finally, ValuEngine lowered shares of Timkensteel from a “hold” rating to a “sell” rating in a research report on Monday, July 30th.

Shares of TMST opened at $11.55 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 2.53. The firm has a market capitalization of $502.92 million, a price-to-earnings ratio of -11.55 and a beta of 1.98. Timkensteel has a 1 year low of $10.84 and a 1 year high of $20.24.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Luminus Management LLC boosted its position in shares of Timkensteel by 120.1% during the 3rd quarter. Luminus Management LLC now owns 2,160,960 shares of the basic materials company’s stock worth $32,133,000 after purchasing an additional 1,179,252 shares in the last quarter. MetLife Investment Advisors LLC boosted its position in shares of Timkensteel by 67.4% during the 3rd quarter. MetLife Investment Advisors LLC now owns 31,178 shares of the basic materials company’s stock worth $464,000 after purchasing an additional 12,549 shares in the last quarter. LPL Financial LLC boosted its position in shares of Timkensteel by 13.1% during the 3rd quarter. LPL Financial LLC now owns 51,169 shares of the basic materials company’s stock worth $761,000 after purchasing an additional 5,933 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Timkensteel by 3.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 196,294 shares of the basic materials company’s stock worth $2,919,000 after purchasing an additional 7,033 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Timkensteel during the 3rd quarter worth $283,000. Institutional investors own 75.27% of the company’s stock.

Timkensteel Company Profile

TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide. It offers carbon, micro-alloy, and alloy steel ingots, bars, tubes, and billets; and precision components, as well as thermal treatment and machining services. The company's products are used in oil country drill pipes; bits and collars; gears; hubs; axles; crankshafts and connecting rods; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts; anti-friction bearings; and other applications.

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Earnings History and Estimates for Timkensteel (NYSE:TMST)

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