TIMKENSTEEL (TMST) ISSUES QUARTERLY REVENUE RESULTS

Release Time：17 May,2018

<p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180517/20180517115830_39718.jpg" alt="" /> </p> <p> Shares of NYSE TMST traded up $0.38 during mid-day trading on Thursday, reaching $17.15. The company’s stock had a trading volume of 433,588 shares, compared to its average volume of 501,877. The firm has a market cap of $729.40, a price-to-earnings ratio of -17.15 and a beta of 2.04. The company has a quick ratio of 0.90, a current ratio of 1.98 and a debt-to-equity ratio of 0.29. TimkenSteel has a 52 week low of $12.48 and a 52 week high of $20.24. </p> <br /> TimkenSteel (NYSE:TMST) released its quarterly earnings results on Thursday. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.12), Briefing.com reports. TimkenSteel had a negative net margin of 3.33% and a negative return on equity of 7.56%. The company had revenue of $380.80 million for the quarter, compared to the consensus estimate of $372.50 million. During the same period in the prior year, the firm posted ($0.12) EPS. The business’s revenue for the quarter was up 23.1% on a year-over-year basis.<br /> <br /> Several analysts have issued reports on TMST shares. Zacks Investment Research lowered TimkenSteel from a “hold” rating to a “sell” rating in a report on Friday, January 5th. KeyCorp set a $19.00 price target on TimkenSteel and gave the company a “buy” rating in a report on Friday, March 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $18.60.<br />