Zacks: Analysts Expect TimkenSteel (TMST) Will Post Quarterly Sales of $422.80 Million
Resource from: https://macondaily.com/2018/06/03/zacks-analysts-expect-timkensteel-tmst-will-post-quarterly-sales-of-422-80-million-updated-updated-updated.html Likes:115
Jun 04,2018
On average, analysts expect that TimkenSteel will report full year sales of $1.56 billion for the current fiscal year, with estimates ranging from $1.40 billion to $1.67 billion. For the next year, analysts forecast that the firm will post sales of $1.73 billion per share, with estimates ranging from $1.55 billion to $1.86 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for TimkenSteel.
TimkenSteel (NYSE:TMST) last issued its quarterly earnings data on Thursday, April 26th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.12). TimkenSteel had a negative return on equity of 7.08% and a negative net margin of 2.92%. The business had revenue of $380.80 million during the quarter, compared to analysts’ expectations of $372.50 million. During the same quarter last year, the business posted ($0.12) EPS. The company’s quarterly revenue was up 23.1% on a year-over-year basis.
A number of research firms recently commented on TMST. KeyCorp raised TimkenSteel from a “sector weight” rating to an “overweight” rating and set a $17.00 target price on the stock in a research note on Monday, February 12th. Zacks Investment Research raised TimkenSteel from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. Finally, ValuEngine raised TimkenSteel from a “sell” rating to a “hold” rating in a research note on Tuesday, May 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.60.
In other news, VP Tina M. Beskid sold 2,361 shares of the firm’s stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $17.33, for a total transaction of $40,916.13. Following the transaction, the vice president now directly owns 20,303 shares of the company’s stock, valued at $351,850.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.20% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew its stake in shares of TimkenSteel by 381.1% during the third quarter. Wells Fargo & Company MN now owns 167,385 shares of the basic materials company’s stock valued at $2,762,000 after buying an additional 132,592 shares during the last quarter. OppenheimerFunds Inc. grew its stake in shares of TimkenSteel by 13.6% during the fourth quarter. OppenheimerFunds Inc. now owns 58,733 shares of the basic materials company’s stock valued at $892,000 after buying an additional 7,032 shares during the last quarter. Royce & Associates LP grew its stake in shares of TimkenSteel by 30.7% during the fourth quarter. Royce & Associates LP now owns 1,488,988 shares of the basic materials company’s stock valued at $22,618,000 after buying an additional 349,687 shares during the last quarter. Barings LLC bought a new position in shares of TimkenSteel during the fourth quarter valued at about $769,000. Finally, Spark Investment Management LLC bought a new position in shares of TimkenSteel during the fourth quarter valued at about $429,000. 74.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TMST stock traded down $0.26 on Friday, reaching $17.48. The company’s stock had a trading volume of 15,895 shares, compared to its average volume of 386,625. The company has a market capitalization of $779.26 million, a PE ratio of -17.48 and a beta of 2.02. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 2.08. TimkenSteel has a 12-month low of $17.43 and a 12-month high of $18.03.
(https://macondaily.com/2018/06/03/zacks-analysts-expect-timkensteel-tmst-will-post-quarterly-sales-of-422-80-million-updated-updated-updated.html)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Previous NSK develops collapsible steering column with resin pin breakaway
Next AB SKF (SKFRY) Lowered to Sell at Zacks Investment Research
Next AB SKF (SKFRY) Lowered to Sell at Zacks Investment Research
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
