Equities research analysts predict that TimkenSteel (NYSE:TMST) will report $0.30 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for TimkenSteel’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.27. TimkenSteel posted earnings of $0.03 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 900%. The company is expected to announce its next earnings report on Monday, July 30th.

On average, analysts expect that TimkenSteel will report full-year earnings of $0.50 per share for the current year, with EPS estimates ranging from $0.18 to $0.91. For the next financial year, analysts forecast that the company will report earnings of $1.57 per share, with EPS estimates ranging from $1.25 to $2.00. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for TimkenSteel.

TimkenSteel (NYSE:TMST) last posted its earnings results on Thursday, April 26th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.12). The company had revenue of $380.80 million for the quarter, compared to analyst estimates of $372.50 million. TimkenSteel had a negative return on equity of 7.08% and a negative net margin of 2.92%. The firm’s revenue was up 23.1% on a year-over-year basis. During the same period last year, the business earned ($0.12) earnings per share. 

Several research firms recently commented on TMST. KeyCorp raised TimkenSteel from a “sector weight” rating to an “overweight” rating and set a $17.00 target price on the stock in a report on Monday, February 12th. Zacks Investment Research raised TimkenSteel from a “sell” rating to a “hold” rating in a report on Thursday, March 29th. Finally, ValuEngine raised TimkenSteel from a “sell” rating to a “hold” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. TimkenSteel presently has a consensus rating of “Hold” and an average target price of $18.60.

A number of institutional investors and hedge funds have recently modified their holdings of TMST. Wells Fargo & Company MN grew its holdings in TimkenSteel by 381.1% in the third quarter. Wells Fargo & Company MN now owns 167,385 shares of the basic materials company’s stock valued at $2,762,000 after purchasing an additional 132,592 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in TimkenSteel by 7.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 469,795 shares of the basic materials company’s stock valued at $7,137,000 after purchasing an additional 31,320 shares during the period. Acadian Asset Management LLC acquired a new stake in TimkenSteel in the fourth quarter valued at approximately $137,000. Bessemer Group Inc. acquired a new stake in TimkenSteel in the fourth quarter valued at approximately $354,000. Finally, Teton Advisors Inc. grew its holdings in TimkenSteel by 76.3% in the fourth quarter. Teton Advisors Inc. now owns 250,000 shares of the basic materials company’s stock valued at $3,798,000 after purchasing an additional 108,201 shares during the period. 74.95% of the stock is currently owned by institutional investors. 

TimkenSteel stock opened at $17.18 on Wednesday. The stock has a market cap of $743.19, a P/E ratio of -17.18 and a beta of 2.02. TimkenSteel has a 52 week low of $12.48 and a 52 week high of $20.24. The company has a current ratio of 2.08, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36.