FY2022 Earnings Estimate for TimkenSteel Co. (NYSE:TMST) Issued By KeyCorp

TimkenSteel Co. (NYSE:TMSTGet Rating) – Equities research analysts at KeyCorp reduced their FY2022 earnings estimates for TimkenSteel in a research note issued to investors on Monday, November 21st. KeyCorp analyst P. Gibbs now expects that the basic materials company will post earnings of $2.05 per share for the year, down from their prior forecast of $2.09. The consensus estimate for TimkenSteel’s current full-year earnings is $2.08 per share.

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

TimkenSteel Stock Down 1.8 %

Shares of TimkenSteel stock opened at $18.77 on Wednesday. TimkenSteel has a 52-week low of $12.67 and a 52-week high of $26.23. The company’s 50-day simple moving average is $16.95 and its 200-day simple moving average is $18.13. The firm has a market cap of $834.70 million, a price-to-earnings ratio of 6.47 and a beta of 1.74.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky acquired a new position in TimkenSteel during the third quarter worth about $174,000. BNP Paribas Arbitrage SNC grew its position in TimkenSteel by 102.4% during the third quarter. BNP Paribas Arbitrage SNC now owns 30,356 shares of the basic materials company’s stock worth $455,000 after buying an additional 15,356 shares during the period. State Street Corp grew its position in TimkenSteel by 1.7% during the third quarter. State Street Corp now owns 3,303,278 shares of the basic materials company’s stock worth $49,516,000 after buying an additional 54,232 shares during the period. Public Employees Retirement System of Ohio grew its position in TimkenSteel by 58.7% during the third quarter. Public Employees Retirement System of Ohio now owns 3,067 shares of the basic materials company’s stock worth $46,000 after buying an additional 1,135 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of TimkenSteel by 4.3% in the third quarter. Thrivent Financial for Lutherans now owns 42,527 shares of the basic materials company’s stock valued at $637,000 after purchasing an additional 1,758 shares in the last quarter. 80.61% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

Earnings History and Estimates for TimkenSteel (NYSE:TMST)

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