Media headlines about Timken Steel Corporation (NYSE:TMST) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Timken Steel Corporation earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 45.6792688282494 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Zacks: Brokerages Anticipate Timken Steel Corporation (TMST) Will Post Quarterly Sales of $338.10 Million (americanbankingnews.com)
- TimkenSteel (TMST) Announces Second Tentative Agreement for New Four-Year Contract with United Steelworkers (streetinsider.com)
- TimkenSteel Accepts American Legion National Large Employer of Veterans Award During Event Recognizing Company’s Veteran Work… (ih.advfn.com)
- TimkenSteel (TMST) Announces Second Tentative Agreement for … – StreetInsider.com (streetinsider.com)
- TimkenSteel Accepts American Legion National Large Employer of … – PR Newswire (press release) (prnewswire.com)
A number of equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of 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, July 18th. Jefferies Group LLC reissued a “hold” rating and issued a $19.00 price target on shares of Timken Steel Corporation in a report on Thursday, October 19th. J P Morgan Chase & Co started coverage on shares of Timken Steel Corporation in a report on Wednesday, October 4th. They issued a “neutral” rating and a $17.00 price target on the stock. Finally, BidaskClub cut shares of Timken Steel Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.50.
Timken Steel Corporation (TMST) opened at $13.61 on Wednesday. Timken Steel Corporation has a 52 week low of $12.48 and a 52 week high of $23.00. The company has a quick ratio of 1.05, a current ratio of 2.21 and a debt-to-equity ratio of 0.28.
Timken Steel Corporation (NYSE:TMST) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.05). Timken Steel Corporation had a negative net margin of 6.39% and a negative return on equity of 12.92%. The company had revenue of $339.10 million during the quarter, compared to the consensus estimate of $351.50 million. During the same period last year, the firm posted ($0.38) earnings per share. The company’s revenue for the quarter was up 58.6% on a year-over-year basis. sell-side analysts forecast that Timken Steel Corporation will post -0.56 earnings per share for the current fiscal year.
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Timken Steel Corporation Company Profile
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.
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