TimkenSteel Co. to Post Q4 2022 Earnings of ($0.24) Per Share, KeyCorp Forecasts (NYSE:TMST)

TimkenSteel Co. (NYSE:TMSTGet Rating) – KeyCorp cut their Q4 2022 earnings estimates for shares of TimkenSteel in a research report issued on Monday, November 21st. KeyCorp analyst P. Gibbs now expects that the basic materials company will earn ($0.24) per share for the quarter, down from their prior forecast of ($0.06). The consensus estimate for TimkenSteel’s current full-year earnings is $2.08 per share. KeyCorp also issued estimates for TimkenSteel’s FY2023 earnings at $1.55 EPS.

Separately, StockNews.com assumed coverage on TimkenSteel in a research note on Wednesday, October 12th. They set a “hold” rating for the company.

TimkenSteel Price Performance

Shares of TMST opened at $18.77 on Thursday. The business has a 50-day moving average of $16.89 and a 200-day moving average of $18.13. TimkenSteel has a 1 year low of $12.67 and a 1 year high of $26.23. The company has a market capitalization of $834.70 million, a price-to-earnings ratio of 6.47 and a beta of 1.74.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank increased its stake in TimkenSteel by 8.2% in the first quarter. Comerica Bank now owns 37,100 shares of the basic materials company’s stock valued at $907,000 after purchasing an additional 2,815 shares in the last quarter. Versor Investments LP boosted its holdings in TimkenSteel by 61.9% in the first quarter. Versor Investments LP now owns 21,600 shares of the basic materials company’s stock worth $473,000 after acquiring an additional 8,262 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in TimkenSteel in the first quarter valued at approximately $442,000. Victory Capital Management Inc. raised its position in shares of TimkenSteel by 15.1% during the first quarter. Victory Capital Management Inc. now owns 25,795 shares of the basic materials company’s stock worth $541,000 after purchasing an additional 3,388 shares during the period. Finally, Advisor Group Holdings Inc. lifted its holdings in shares of TimkenSteel by 670.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 66,144 shares of the basic materials company’s stock worth $1,447,000 after purchasing an additional 57,556 shares in the last quarter. 80.61% of the stock is owned by institutional investors.

TimkenSteel Company Profile

(Get Rating)

TimkenSteel Corp. engages in the manufacture of alloy, carbon and micro-alloy steel products. The firm’s products includes special bar quality steel, seamless mechanical tubing, gears, grades of steel, jumbo bloom vertical caster, TimkenSteel ultrapremium technology, and TimkenSteel endurance steels.

Featured Stories

Earnings History and Estimates for TimkenSteel (NYSE:TMST)

Receive News & Ratings for TimkenSteel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TimkenSteel and related companies with MarketBeat.com's FREE daily email newsletter.