Breaking: Timkensteel Corp Stock Is Crashing Now

Breaking: Timkensteel Corp Stock Is Crashing Now

The stock of Timkensteel Corp (NYSE:TMST) is a huge mover today! About 219,171 shares traded hands. Timkensteel Corp (NYSE:TMST) has risen 28.93% since March 8, 2016 and is uptrending. It has outperformed by 19.62% the S&P500.
The move comes after 8 months negative chart setup for the $463.19M company. It was reported on Oct, 11 by Barchart.com. We have $8.92 PT which if reached, will make NYSE:TMST worth $55.58 million less.

Analysts await Timkensteel Corp (NYSE:TMST) to report earnings on November, 3. They expect $-0.35 earnings per share, up 49.28% or $0.34 from last year’s $-0.69 per share. After $-0.24 actual earnings per share reported by Timkensteel Corp for the previous quarter, Wall Street now forecasts 45.83% negative EPS growth.

Timkensteel Corp (NYSE:TMST) Ratings Coverage

Out of 3 analysts covering TimkenSteel (NYSE:TMST), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. TimkenSteel has been the topic of 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. KeyBanc Capital Markets initiated the shares of TMST in a report on Monday, August 31 with “Sector Weight” rating. The stock of Timkensteel Corp (NYSE:TMST) earned “Outperform” rating by Cowen & Co on Thursday, August 11. The firm has “Buy” rating given on Wednesday, September 16 by Jefferies. The firm has “Outperform” rating given on Thursday, August 6 by Cowen & Co. The stock of Timkensteel Corp (NYSE:TMST) earned “Hold” rating by Jefferies on Wednesday, January 13. The firm has “Market Perform” rating by Cowen & Co given on Wednesday, February 3. The firm earned “Market Perform” rating on Monday, September 14 by Cowen & Co.

According to Zacks Investment Research, “TimkenSteel Corporation engages in manufacturing alloy steel, as well as carbon and micro-alloy steel. The company provides air-melted alloy steel bars, tubes, and precision components, as well as value-added services, including thermal treatment and machining. Its customers include companies in the market sectors: oil & gas; automotive; industrial equipment; mining; construction; rail; aerospace and defence; heavy truck; agriculture, and power generation. TimkenSteel Corporation is headquartered in Canton, Ohio.”

More notable recent Timkensteel Corp (NYSE:TMST) news were published by: Marketwatch.com which released: “TimkenSteel upgraded to outperform from market perform at Cowen & Co.” on July 07, 2014, also Fool.com with their article: “Why Shares of TimkenSteel Corp. Plunged 17% Today” published on May 25, 2016, Fool.com published: “TimkenSteel Corp. Surges on Earnings” on January 29, 2016. More interesting news about Timkensteel Corp (NYSE:TMST) were released by: Fool.com and their article: “Why TimkenSteel Corporation Stock Fell By 33% in May” published on June 08, 2016 as well as Quotes.Wsj.com‘s news article titled: “TimkenSteel Corp. TMST (US: NYSE)” with publication date: July 01, 2014.

TMST Company Profile

TimkenSteel Corporation, incorporated on October 24, 2013, makes alloy steel, as well as carbon and micro-alloy steel, with an annual melt capacity of approximately two million tons. The Company’s portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. The Firm operates in two divisions: Industrial & Mobile and Energy & Distribution. In addition, it supplies machining and thermal treatment services and manages raw material recycling programs, which are used as a feeder system for the Company’s operations.

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