NEWS

<p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180523/20180523104702_72171.jpg" alt="" /> </p> <p> TimkenSteel (NYSE:TMST) announced its earnings results on Thursday, April 26th. 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. The company had revenue of $380.80 million for the quarter, compared to the consensus estimate 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 for the quarter was up 23.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.12) earnings per share.&nbsp; </p> <br /> Shares of TimkenSteel opened at $18.57 on Monday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.08 and a quick ratio of 0.99. TimkenSteel has a 1-year low of $12.48 and a 1-year high of $20.24. The stock has a market cap of $826.90 million, a price-to-earnings ratio of -18.57 and a beta of 2.02.&nbsp;<br /> <br /> In other TimkenSteel news, VP Tina M. Beskid sold 2,361 shares of the stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $17.33, for a total transaction of $40,916.13. Following the completion of the sale, the vice president now directly owns 20,303 shares in the company, valued at approximately $351,850.99. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 8.20% of the company’s stock.&nbsp;<br /> <br /> Several research analysts recently issued reports on the company. ValuEngine raised TimkenSteel from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research raised TimkenSteel from a “sell” rating to a “hold” rating in a research report on Tuesday, March 13th. Finally, KeyCorp set a $19.00 target price on TimkenSteel and gave the stock a “buy” rating in a research report on Friday, March 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $18.60.<br /> <br />