Analysts expect Timkensteel Corp (NYSE:TMST) to report $422.80 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Timkensteel’s earnings, with the lowest sales estimate coming in at $419.00 million and the highest estimate coming in at $426.60 million. Timkensteel posted sales of $339.30 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 24.6%. The firm is expected to report its next earnings results on Monday, July 30th.

According to Zacks, analysts expect that Timkensteel will report full year sales of $1.62 billion for the current fiscal year, with estimates ranging from $1.52 billion to $1.67 billion. For the next year, analysts expect that the business will post sales of $1.74 billion per share, with estimates ranging from $1.55 billion to $1.86 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Timkensteel.
Timkensteel (NYSE:TMST) last posted its earnings results on Thursday, April 26th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.12). The firm had revenue of $380.80 million for the quarter, compared to the consensus estimate of $372.50 million. Timkensteel had a negative return on equity of 7.08% and a negative net margin of 2.92%. The business’s revenue was up 23.1% on a year-over-year basis. During the same period last year, the company posted ($0.12) EPS.
A number of analysts recently weighed in on TMST shares. ValuEngine raised shares of Timkensteel from a “sell” rating to a “hold” rating in a report on Tuesday, May 1st. KeyCorp set a $19.00 target price on shares of Timkensteel and gave the stock a “buy” rating in a report on Friday, March 16th. Finally, Zacks Investment Research raised shares of Timkensteel from a “sell” rating to a “hold” rating in a report on Thursday, March 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Timkensteel currently has a consensus rating of “Hold” and an average price target of $18.60.
Timkensteel traded down $0.05, reaching $18.02, during midday trading on Friday, MarketBeat.com reports. 282,000 shares of the stock were exchanged, compared to its average volume of 448,047. The company has a current ratio of 2.08, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $793.51 million, a PE ratio of -17.83 and a beta of 2.03. Timkensteel has a 52 week low of $12.54 and a 52 week high of $20.24.
In other news, VP Tina M. Beskid sold 2,361 shares of the stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $17.33, for a total value of $40,916.13. Following the transaction, the vice president now owns 20,303 shares of the company’s stock, valued at approximately $351,850.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.20% of the company’s stock.
Several large investors have recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of Timkensteel by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 299,991 shares of the basic materials company’s stock worth $4,557,000 after buying an additional 7,786 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Timkensteel by 26.9% in the 1st quarter. Legal & General Group Plc now owns 94,189 shares of the basic materials company’s stock worth $1,416,000 after buying an additional 19,989 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Timkensteel by 126.9% in the 1st quarter. Millennium Management LLC now owns 606,439 shares of the basic materials company’s stock worth $9,212,000 after buying an additional 339,168 shares during the last quarter. Barclays PLC increased its holdings in shares of Timkensteel by 63.2% in the 1st quarter. Barclays PLC now owns 12,226 shares of the basic materials company’s stock worth $186,000 after buying an additional 4,734 shares during the last quarter. Finally, A.R.T. Advisors LLC bought a new position in shares of Timkensteel in the 1st quarter worth $211,000. 75.84% of the stock is currently owned by hedge funds and other institutional investors.