Research Analysts Set Expectations for TimkenSteel Co.’s Q1 2022 Earnings (NYSE:TMST)

TimkenSteel Co. (NYSE:TMSTGet Rating) – Equities research analysts at KeyCorp increased their Q1 2022 earnings per share (EPS) estimates for shares of TimkenSteel in a research note issued on Tuesday, April 19th. KeyCorp analyst P. Gibbs now anticipates that the basic materials company will post earnings per share of $0.81 for the quarter, up from their previous estimate of $0.80. KeyCorp currently has a “Overweight” rating and a $27.00 price objective on the stock. KeyCorp also issued estimates for TimkenSteel’s Q2 2022 earnings at $1.39 EPS and FY2022 earnings at $3.80 EPS.

A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of TimkenSteel from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a research note on Wednesday, March 2nd. StockNews.com raised TimkenSteel from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 8th.

Shares of NYSE TMST opened at $24.44 on Thursday. The company’s 50 day moving average price is $20.09 and its 200-day moving average price is $16.69. TimkenSteel has a 52-week low of $10.59 and a 52-week high of $24.99. The company has a market capitalization of $1.13 billion, a P/E ratio of 7.66 and a beta of 1.86.

TimkenSteel (NYSE:TMSTGet Rating) last announced its earnings results on Thursday, February 24th. The basic materials company reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.20. The business had revenue of $338.30 million for the quarter, compared to analysts’ expectations of $315.50 million. TimkenSteel had a return on equity of 29.15% and a net margin of 13.33%. The firm’s revenue was up 60.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 earnings per share.

A number of institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its position in shares of TimkenSteel by 2.9% during the fourth quarter. California State Teachers Retirement System now owns 25,258 shares of the basic materials company’s stock worth $417,000 after purchasing an additional 718 shares during the period. Maryland State Retirement & Pension System increased its stake in TimkenSteel by 6.8% during the 4th quarter. Maryland State Retirement & Pension System now owns 16,297 shares of the basic materials company’s stock valued at $269,000 after purchasing an additional 1,033 shares in the last quarter. Rhumbline Advisers raised its holdings in TimkenSteel by 0.9% during the fourth quarter. Rhumbline Advisers now owns 123,295 shares of the basic materials company’s stock worth $2,034,000 after buying an additional 1,062 shares during the last quarter. Comerica Bank lifted its stake in shares of TimkenSteel by 3.1% in the third quarter. Comerica Bank now owns 37,241 shares of the basic materials company’s stock valued at $480,000 after buying an additional 1,118 shares in the last quarter. Finally, Guggenheim Capital LLC grew its holdings in shares of TimkenSteel by 7.0% during the fourth quarter. Guggenheim Capital LLC now owns 18,702 shares of the basic materials company’s stock valued at $309,000 after buying an additional 1,229 shares during the last quarter. 77.41% of the stock is owned by institutional investors and hedge funds.

TimkenSteel Company Profile (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.

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Earnings History and Estimates for TimkenSteel (NYSE:TMST)

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