FY2019 EPS Estimates for Timkensteel Corp Cut by G.Research (NYSE:TMST)

Share on StockTwits

Timkensteel Corp (NYSE:TMST) – Research analysts at G.Research reduced their FY2019 EPS estimates for shares of Timkensteel in a research note issued to investors on Monday, October 14th. G.Research analyst J. Bergner now anticipates that the basic materials company will earn ($0.50) per share for the year, down from their previous estimate of ($0.20). G.Research has a “Buy” rating on the stock. G.Research also issued estimates for Timkensteel’s FY2020 earnings at $0.25 EPS, FY2021 earnings at $0.60 EPS, FY2022 earnings at $0.75 EPS and FY2023 earnings at $1.00 EPS.

Timkensteel (NYSE:TMST) last released its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.45. Timkensteel had a negative net margin of 2.52% and a positive return on equity of 0.99%. The business had revenue of $336.70 million during the quarter, compared to analysts’ expectations of $368.67 million. During the same quarter in the previous year, the company earned $0.19 EPS. The business’s quarterly revenue was down 18.6% compared to the same quarter last year.

A number of other equities analysts have also recently commented on the stock. Gabelli reissued a “buy” rating on shares of Timkensteel in a research note on Tuesday, August 6th. ValuEngine raised shares of Timkensteel from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Cowen reaffirmed a “market perform” rating and issued a $7.50 price objective (down previously from $8.25) on shares of Timkensteel in a research note on Tuesday, August 6th. Finally, Zacks Investment Research cut shares of Timkensteel from a “hold” rating to a “sell” rating in a research note on Saturday, July 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $9.25.

TMST stock opened at $5.77 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.11 and a quick ratio of 1.15. Timkensteel has a one year low of $4.86 and a one year high of $14.58. The stock has a market cap of $261.28 million, a PE ratio of 52.45 and a beta of 2.46. The firm has a 50 day simple moving average of $6.15 and a two-hundred day simple moving average of $7.70.

In other Timkensteel news, insider Kristopher R. Westbrooks acquired 7,350 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $6.65 per share, with a total value of $48,877.50. Following the purchase, the insider now owns 36,750 shares of the company’s stock, valued at $244,387.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ward J. Timken, Jr. acquired 15,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average cost of $4.94 per share, with a total value of $74,100.00. Following the purchase, the chief executive officer now directly owns 197,712 shares in the company, valued at approximately $976,697.28. The disclosure for this purchase can be found here. Insiders bought a total of 63,600 shares of company stock valued at $372,140 in the last ninety days. 8.70% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Timkensteel by 2.2% during the 2nd quarter. BlackRock Inc. now owns 6,155,898 shares of the basic materials company’s stock valued at $50,048,000 after buying an additional 132,438 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in Timkensteel by 12.0% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 539,453 shares of the basic materials company’s stock worth $4,386,000 after purchasing an additional 57,967 shares in the last quarter. Morgan Stanley raised its holdings in Timkensteel by 205.3% in the 2nd quarter. Morgan Stanley now owns 533,845 shares of the basic materials company’s stock worth $4,340,000 after purchasing an additional 358,960 shares in the last quarter. Northern Trust Corp raised its holdings in Timkensteel by 3.3% in the 2nd quarter. Northern Trust Corp now owns 504,762 shares of the basic materials company’s stock worth $4,103,000 after purchasing an additional 16,078 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Timkensteel by 24.4% in the 2nd quarter. Invesco Ltd. now owns 412,116 shares of the basic materials company’s stock worth $3,351,000 after purchasing an additional 80,741 shares in the last quarter. 70.48% of the stock is owned by institutional investors and hedge funds.

Timkensteel Company Profile

TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide. The company offers carbon, micro-alloy, and alloy steel ingots, bars, tubes, and billets; and precision steel components, as well as supplies machining and thermal treatment services. It also manages raw material recycling programs.

See Also: What is a capital gain?

Earnings History and Estimates for Timkensteel (NYSE:TMST)

Receive News & Ratings for Timkensteel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Timkensteel and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Toyota Motor  Given Daily Media Sentiment Score of 0.70
Toyota Motor Given Daily Media Sentiment Score of 0.70
Walt Disney  Given Daily News Sentiment Score of 0.50
Walt Disney Given Daily News Sentiment Score of 0.50
Clearwater Capital Advisors LLC Sells 47 Shares of SPDR S&P 500 ETF Trust
Clearwater Capital Advisors LLC Sells 47 Shares of SPDR S&P 500 ETF Trust
Clearwater Capital Advisors LLC Has $2.31 Million Stake in iShares Edge MSCI Min Vol USA ETF
Clearwater Capital Advisors LLC Has $2.31 Million Stake in iShares Edge MSCI Min Vol USA ETF
Citizens Financial Group Inc RI Sells 100 Shares of SPDR Gold Shares
Citizens Financial Group Inc RI Sells 100 Shares of SPDR Gold Shares
Johnson Matthey  Upgraded to “Hold” at ValuEngine
Johnson Matthey Upgraded to “Hold” at ValuEngine


© 2006-2019 Ticker Report