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TimkenSteel Co. (NYSE:TMST - Get Rating) - Stock analysts at KeyCorp boosted their Q3 2022 earnings per share (EPS) estimates for shares of TimkenSteel in a report released on Tuesday, September 20th. KeyCorp analyst P. Gibbs now expects that the basic materials company will post earnings per share of $0.42 for the quarter, up from their prior forecast of $0.41. KeyCorp currently has a "Overweight" rating and a $24.00 target price on the stock. The consensus estimate for TimkenSteel's current full-year earnings is $3.25 per share. KeyCorp also issued estimates for TimkenSteel's Q4 2022 earnings at $0.32 EPS, FY2022 earnings at $2.95 EPS and FY2023 earnings at $1.35 EPS.
Separately, StockNews.com cut TimkenSteel from a "buy" rating to a "hold" rating in a report on Monday, August 8th.TimkenSteel Stock Performance
Shares of TMST opened at $14.85 on Thursday. The stock has a 50-day moving average of $16.80 and a two-hundred day moving average of $19.49. TimkenSteel has a one year low of $12.46 and a one year high of $26.23. The stock has a market cap of $686.37 million, a P/E ratio of 3.60 and a beta of 1.81.
TimkenSteel (NYSE:TMST - Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The basic materials company reported $1.29 EPS for the quarter, missing analysts' consensus estimates of $1.33 by ($0.04). TimkenSteel had a return on equity of 30.97% and a net margin of 15.09%. The firm had revenue of $415.70 million for the quarter, compared to analyst estimates of $413.30 million. Hedge Funds Weigh In On TimkenSteel
Several institutional investors and hedge funds have recently modified their holdings of TMST. HighTower Advisors LLC lifted its holdings in shares of TimkenSteel by 30.1% in the 4th quarter. HighTower Advisors LLC now owns 59,553 shares of the basic materials company's stock valued at $984,000 after buying an additional 13,790 shares during the period. Rhumbline Advisers increased its stake in shares of TimkenSteel by 0.9% in the 4th quarter. Rhumbline Advisers now owns 123,295 shares of the basic materials company's stock valued at $2,034,000 after purchasing an additional 1,062 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of TimkenSteel by 43.2% in the 4th quarter. Renaissance Technologies LLC now owns 411,565 shares of the basic materials company's stock valued at $6,791,000 after purchasing an additional 124,119 shares in the last quarter. Invesco Ltd. increased its stake in shares of TimkenSteel by 42.0% in the 4th quarter. Invesco Ltd. now owns 1,104,236 shares of the basic materials company's stock valued at $18,220,000 after purchasing an additional 326,697 shares in the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of TimkenSteel by 13.2% in the 4th quarter. GSA Capital Partners LLP now owns 17,759 shares of the basic materials company's stock valued at $293,000 after purchasing an additional 2,076 shares in the last quarter. Institutional investors and hedge funds own 80.61% of the company's stock. About TimkenSteel (Get Rating)
TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. It offers carbon, micro-alloy, and alloy steel ingots, bars, tubes, and billets, as well as supplies machining and thermal treatment services. The company's products are used in gears; hubs; axles; crankshafts and connecting rods; oil country drill pipes; bits and collars; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts; anti-friction bearings; and other applications.Featured ArticlesGet a free copy of the StockNews.com research report on TimkenSteel (TMST)The Worst May be Over for Target, But is the Stock Safe to Buy?Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?Two Fun Stocks The Insiders Are Buying Novavax Remains a Risk-On Stock in a Risk-Off MarketGeneral Mills: Superior Returns With Less Volatility
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