Analysts predict that Tenaris SA (NYSE:TS) will announce earnings per share (EPS) of $0.33 for the current quarter, according to Zacks. Five analysts have made estimates for Tenaris’ earnings, with estimates ranging from $0.29 to $0.41. Tenaris posted earnings per share of $0.42 in the same quarter last year, which would indicate a negative year-over-year growth rate of 21.4%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, October 30th.
According to Zacks, analysts expect that Tenaris will report full year earnings of $1.52 per share for the current year, with EPS estimates ranging from $1.37 to $1.68. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.80 per share, with EPS estimates ranging from $1.52 to $2.02. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Tenaris.
Tenaris (NYSE:TS) last released its earnings results on Wednesday, July 31st. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.06. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.89 billion. Tenaris had a return on equity of 7.97% and a net margin of 12.28%.
A number of analysts have recently issued reports on the company. Cowen restated a “market perform” rating and issued a $28.00 target price (down previously from $29.00) on shares of Tenaris in a report on Monday, August 5th. Morgan Stanley set a $35.00 target price on Tenaris and gave the company a “buy” rating in a report on Wednesday, July 3rd. Wolfe Research upgraded Tenaris from a “peer perform” rating to an “outperform” rating and set a $28.00 target price for the company in a report on Wednesday, August 21st. Stifel Nicolaus cut their price objective on Tenaris from $35.00 to $33.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, TheStreet lowered Tenaris from a “b-” rating to a “c+” rating in a report on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $31.38.
Several large investors have recently made changes to their positions in TS. SG Americas Securities LLC raised its holdings in shares of Tenaris by 98.3% during the first quarter. SG Americas Securities LLC now owns 19,124 shares of the industrial products company’s stock worth $540,000 after acquiring an additional 9,479 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Tenaris by 20.6% during the first quarter. Parametric Portfolio Associates LLC now owns 360,841 shares of the industrial products company’s stock worth $10,194,000 after acquiring an additional 61,602 shares in the last quarter. Egerton Capital UK LLP raised its holdings in shares of Tenaris by 70.2% during the first quarter. Egerton Capital UK LLP now owns 12,811,214 shares of the industrial products company’s stock worth $361,917,000 after acquiring an additional 5,283,574 shares in the last quarter. Icon Wealth Partners LLC purchased a new stake in shares of Tenaris during the first quarter worth $44,000. Finally, CIBC World Markets Inc. purchased a new stake in shares of Tenaris during the first quarter worth $415,000. Institutional investors and hedge funds own 14.04% of the company’s stock.
Shares of TS traded down $0.28 during mid-day trading on Tuesday, reaching $21.71. The company’s stock had a trading volume of 2,377,560 shares, compared to its average volume of 2,962,047. The business has a fifty day moving average of $22.20 and a 200 day moving average of $25.61. The company has a market cap of $12.98 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 1.49 and a beta of 1.14. Tenaris has a 1 year low of $20.45 and a 1 year high of $34.97. The company has a quick ratio of 1.70, a current ratio of 2.94 and a debt-to-equity ratio of 0.02.
Tenaris SA, through its subsidiaries, produces and sells seamless and welded steel tubular products; and provides related services for the oil and gas industry, and other industrial applications. The company offers products for oil and gas drilling operations, such as casing and tubing products, premium connections, drill pipes, coiled tubing, hot-rolled and cold-drawn seamless tubes, perforating guns, tubular accessories, and non-tubular accessories and devices.
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