Timkensteel (NYSE:TMST) issued its earnings results on Thursday, July 26th. The basic materials company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.11), Morningstar.com reports. Timkensteel had a negative return on equity of 5.79% and a negative net margin of 2.29%. The firm had revenue of $413.50 million during the quarter, compared to the consensus estimate of $419.33 million. During the same quarter in the prior year, the business posted ($0.03) EPS. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. 

NYSE:TMST opened at $13.49 on Friday. The firm has a market capitalization of $609.92 million, a P/E ratio of -13.49 and a beta of 1.89. Timkensteel has a twelve month low of $12.54 and a twelve month high of $20.24. The company has a current ratio of 2.19, a quick ratio of 0.95 and a debt-to-equity ratio of 0.39. 

TMST has been the topic of several recent analyst reports. ValuEngine cut shares of Timkensteel from a “buy” rating to a “hold” rating in a report on Wednesday, May 23rd. Jefferies Financial Group restated a “hold” rating and issued a $18.00 target price on shares of Timkensteel in a report on Friday, July 13th. KeyCorp raised their target price on shares of Timkensteel from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, June 14th. Finally, Zacks Investment Research cut shares of Timkensteel from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $17.50.

Large investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC bought a new stake in shares of Timkensteel during the 2nd quarter valued at $150,000. Barclays PLC boosted its holdings in shares of Timkensteel by 63.2% during the 1st quarter. Barclays PLC now owns 12,226 shares of the basic materials company’s stock valued at $186,000 after buying an additional 4,734 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Timkensteel during the 4th quarter valued at $195,000. A.R.T. Advisors LLC bought a new stake in shares of Timkensteel during the 1st quarter valued at $211,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Timkensteel by 148.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 15,061 shares of the basic materials company’s stock valued at $246,000 after buying an additional 8,996 shares in the last quarter. Institutional investors and hedge funds own 76.09% of the company’s stock. 

About Timkensteel

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.