Timken Steel Corporation (TMST) Scheduled to Post Quarterly Earnings on Monday

Timken Steel Corporation (NYSE:TMST) is scheduled to be announcing its earnings results after the market closes on Monday, July 31st. Analysts expect the company to announce earnings of $0.01 per share for the quarter.

Timken Steel Corporation (NYSE:TMST) last issued its quarterly earnings data on Thursday, April 27th. The basic materials company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.10) by $0.02. The company had revenue of $309.40 million for the quarter, compared to analysts’ expectations of $308.78 million. Timken Steel Corporation had a negative return on equity of 15.69% and a negative net margin of 10.34%. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.31) EPS. On average, analysts expect Timken Steel Corporation to post $-0.71 EPS for the current fiscal year and $0.42 EPS for the next fiscal year.

Shares of Timken Steel Corporation (TMST) opened at 15.72 on Friday. The stock’s 50 day moving average is $14.87 and its 200 day moving average is $16.23. Timken Steel Corporation has a 12 month low of $8.36 and a 12 month high of $23.00. The stock’s market cap is $697.54 million.

Several equities analysts have recently commented on TMST shares. Macquarie upgraded Timken Steel Corporation from an “underperform” rating to a “neutral” rating in a research note on Monday, April 3rd. Cowen and Company reduced their target price on Timken Steel Corporation from $28.00 to $23.00 and set an “outperform” rating for the company in a research note on Tuesday, April 18th. Jefferies Group LLC reduced their target price on Timken Steel Corporation from $18.00 to $16.50 and set a “hold” rating for the company in a research note on Wednesday, April 19th. Zacks Investment Research upgraded Timken Steel Corporation from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Tuesday, April 25th. Finally, ValuEngine upgraded Timken Steel Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, May 26th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $19.17.

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About Timken Steel Corporation

TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel. The Company’s portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. In addition, the Company supplies machining and thermal treatment services, as well as manage raw material recycling programs, which are used as a feeder system for its melt operations.