NEWS

<p> ValuEngine downgraded shares of TimkenSteel (NYSE:TMST) from a buy rating to a hold rating in a report released on Wednesday morning. </p> <p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180528/20180528103954_56788.jpg" alt="" /> </p> <br /> Several other research firms have also recently commented on TMST. KeyCorp set a $19.00 target price on TimkenSteel and gave the stock a buy rating in a research note on Friday, March 16th. Zacks Investment Research raised TimkenSteel from a sell rating to a hold rating in a research note on Thursday, March 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $18.60.<br /> <br /> TimkenSteel opened at $17.09 on Wednesday, according to Marketbeat.com. TimkenSteel has a 12 month low of $12.48 and a 12 month high of $20.24. The firm has a market cap of $783.71 million, a P/E ratio of -17.09 and a beta of 2.02. The company has a quick ratio of 0.99, a current ratio of 2.08 and a debt-to-equity ratio of 0.36.&nbsp;<br /> <br /> TimkenSteel (NYSE:TMST) last released its earnings results on Thursday, April 26th. The basic materials company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.12). TimkenSteel had a negative return on equity of 7.08% and a negative net margin of 2.92%. The company had revenue of $380.80 million for the quarter, compared to analyst estimates of $372.50 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. research analysts forecast that TimkenSteel will post 0.5 EPS for the current fiscal year.&nbsp;<br /> <br /> In other TimkenSteel news, VP Tina M. Beskid sold 2,361 shares of TimkenSteel 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 of the company’s stock, valued at approximately $351,850.99. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this link. 8.20% of the stock is owned by insiders.&nbsp;<br /> <br /> Several institutional investors have recently bought and sold shares of TMST. First Dallas Securities Inc. purchased a new stake in shares of TimkenSteel in the 4th quarter valued at about $125,000. Acadian Asset Management LLC purchased a new stake in shares of TimkenSteel in the 4th quarter valued at about $137,000. Barclays PLC lifted its holdings in shares of TimkenSteel by 63.2% in the 1st quarter. Barclays PLC now owns 12,226 shares of the basic materials company’s stock valued at $186,000 after purchasing an additional 4,734 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of TimkenSteel in the 4th quarter valued at about $195,000. Finally, A.R.T. Advisors LLC purchased a new stake in shares of TimkenSteel in the 1st quarter valued at about $211,000. 74.72% of the stock is owned by institutional investors and hedge funds.&nbsp;<br /> <br /> About TimkenSteel<br /> <br /> TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide. It offers carbon, micro-alloy, and alloy steel ingots, bars, tubes, and billets; and precision components, as well as thermal treatment and machining services. The company's products are used in oil country drill pipes; bits and collars; gears; hubs; axles; crankshafts and connecting rods; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts; anti-friction bearings; and other applications.<br /> <div style="white-space:nowrap;"> <br /> </div>