NEWS

<p style="text-align:center;"> <img src="http://www.bearing.com.cn/membcentre/editor/attached/image/20180806/20180806141107_60490.jpg" alt="" /> </p> <p> Jefferies Financial Group reaffirmed their hold rating on shares of Timkensteel (NYSE:TMST) in a report issued on Friday, July 27th. They currently have a $17.00 price objective on the basic materials company’s stock. </p> A number of other equities research analysts have also recently weighed in on TMST. ValuEngine cut shares of Timkensteel from a buy rating to a hold rating in a report on Tuesday, June 26th. Zacks Investment Research upgraded shares of Timkensteel from a sell rating to a hold rating in a report on Thursday, March 29th. Finally, KeyCorp increased their price target on shares of Timkensteel from $19.00 to $20.00 and gave the company an overweight rating in a report on Thursday, June 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Timkensteel presently has an average rating of Hold and a consensus price target of $17.50.<br /> Shares of Timkensteel traded up $0.30, hitting $13.59, during midday trading on Friday, MarketBeat.com reports. 455,972 shares of the stock traded hands, compared to its average volume of 448,437. Timkensteel has a one year low of $12.54 and a one year high of $20.24. The company has a quick ratio of 0.95, a current ratio of 2.19 and a debt-to-equity ratio of 0.39.<br /> Timkensteel (NYSE:TMST) last announced its quarterly earnings results on Thursday, July 26th. The basic materials company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.11). The company had revenue of $413.50 million for the quarter, compared to analysts’ expectations of $419.33 million. Timkensteel had a negative net margin of 2.29% and a negative return on equity of 5.79%. Timkensteel’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) EPS. equities analysts expect that Timkensteel will post 0.28 earnings per share for the current year.<br /> In other Timkensteel news, VP Tina M. Beskid sold 2,361 shares of the stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $17.33, for a total value of $40,916.13. Following the transaction, the vice president now directly owns 20,303 shares in the company, valued at $351,850.99. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which can be accessed through this hyperlink. 8.20% of the stock is currently owned by company insiders.<br /> Several hedge funds have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its position in shares of Timkensteel by 33.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 25,259 shares of the basic materials company’s stock valued at $413,000 after purchasing an additional 6,366 shares during the period. Piedmont Investment Advisors LLC purchased a new position in Timkensteel during the second quarter valued at $150,000. Penn Capital Management Co. Inc. purchased a new position in Timkensteel during the second quarter valued at $3,033,000. Principal Financial Group Inc. grew its stake in Timkensteel by 2.7% during the first quarter. Principal Financial Group Inc. now owns 299,991 shares of the basic materials company’s stock valued at $4,557,000 after acquiring an additional 7,786 shares in the last quarter. Finally, Legal &amp; General Group Plc grew its stake in shares of Timkensteel by 26.9% in the 1st quarter. Legal &amp; General Group Plc now owns 94,189 shares of the basic materials company’s stock worth $1,416,000 after buying an additional 19,989 shares in the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.<br />