Media headlines about Timken Steel Corporation (NYSE:TMST) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Timken Steel Corporation earned a news impact score of 0.11 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 45.8426451864463 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- TimkenSteel Brings New Quench-and-Temper Facility Online; Increases Annual Heat-Treat Capacity by 50,000 Tons (finance.yahoo.com)
- Timken Steel Corporation (TMST) Downgraded by Zacks Investment Research to Hold (americanbankingnews.com)
- 8 Active Shares Sliding Before the Bell – XXII, AEIS, SANM, LBY, TMST, VYGR, JBSS (fxpips.com)
- AK Steel Holding Corp. (AKS) Given Consensus Rating of “Hold” by Analysts (celebcafe.org)
- TimkenSteel Corp. breached its 50 day moving average in a Bearish Manner : TMST-US : October 30, 2017 (finance.yahoo.com)
TMST has been the topic of several recent research reports. BidaskClub lowered Timken Steel Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 13th. Cowen and Company restated a “buy” rating on shares of Timken Steel Corporation in a research report on Friday, September 1st. J P Morgan Chase & Co initiated coverage on Timken Steel Corporation in a research report on Wednesday, October 4th. They issued a “neutral” rating and a $17.00 price objective on the stock. Zacks Investment Research upgraded Timken Steel Corporation from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Tuesday, July 18th. Finally, Jefferies Group LLC restated a “hold” rating on shares of Timken Steel Corporation in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Timken Steel Corporation currently has a consensus rating of “Hold” and a consensus target price of $18.50.
Shares of Timken Steel Corporation (NYSE TMST) traded down $0.33 during mid-day trading on Friday, hitting $14.52. The stock had a trading volume of 409,864 shares, compared to its average volume of 436,415. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.21 and a quick ratio of 1.05. Timken Steel Corporation has a twelve month low of $9.53 and a twelve month high of $23.00.
Timken Steel Corporation (NYSE:TMST) last announced its earnings results on Thursday, October 26th. The basic materials company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.05). The business had revenue of $339.10 million for the quarter, compared to analyst estimates of $351.50 million. Timken Steel Corporation had a negative return on equity of 12.92% and a negative net margin of 6.39%. The company’s quarterly revenue was up 58.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.38) earnings per share. sell-side analysts forecast that Timken Steel Corporation will post -0.52 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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