Tenaris SA (NYSE:TS) – Research analysts at Piper Jaffray Companies reduced their FY2019 EPS estimates for shares of Tenaris in a report issued on Sunday, November 10th. Piper Jaffray Companies analyst I. Macpherson now forecasts that the industrial products company will post earnings of $1.24 per share for the year, down from their previous estimate of $1.30. Piper Jaffray Companies also issued estimates for Tenaris’ Q4 2019 earnings at $0.24 EPS, Q1 2020 earnings at $0.30 EPS, Q2 2020 earnings at $0.33 EPS, Q3 2020 earnings at $0.36 EPS, Q4 2020 earnings at $0.37 EPS, FY2020 earnings at $1.37 EPS, Q1 2021 earnings at $0.41 EPS, Q2 2021 earnings at $0.42 EPS, Q3 2021 earnings at $0.47 EPS and FY2021 earnings at $1.79 EPS.
A number of other analysts have also recently issued reports on TS. Morgan Stanley cut Tenaris from an “overweight” rating to an “equal weight” rating in a report on Thursday, November 7th. Zacks Investment Research upgraded Tenaris from a “strong sell” rating to a “hold” rating in a report on Sunday, November 3rd. Stifel Nicolaus decreased their target price on Tenaris from $35.00 to $33.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Cowen reiterated a “market perform” rating and set a $28.00 target price (down previously from $29.00) on shares of Tenaris in a report on Monday, August 5th. Finally, TheStreet cut Tenaris from a “b-” rating to a “c+” rating in a report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $29.42.
TS opened at $22.13 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.98 and a quick ratio of 1.76. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 1.77 and a beta of 1.18. The business has a 50-day moving average of $21.04 and a two-hundred day moving average of $23.81. Tenaris has a 12 month low of $19.90 and a 12 month high of $30.32.
Tenaris (NYSE:TS) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.13). The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Tenaris had a net margin of 10.66% and a return on equity of 6.75%. The firm’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TS. Price T Rowe Associates Inc. MD boosted its holdings in Tenaris by 65.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,241,802 shares of the industrial products company’s stock worth $190,532,000 after acquiring an additional 2,860,516 shares during the period. Egerton Capital UK LLP boosted its holdings in Tenaris by 10.9% in the 2nd quarter. Egerton Capital UK LLP now owns 14,212,420 shares of the industrial products company’s stock worth $373,929,000 after acquiring an additional 1,401,206 shares during the period. Balyasny Asset Management LLC boosted its holdings in Tenaris by 836.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,116,831 shares of the industrial products company’s stock worth $29,384,000 after acquiring an additional 997,608 shares during the period. Renaissance Technologies LLC boosted its holdings in Tenaris by 85.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,424,900 shares of the industrial products company’s stock worth $37,489,000 after acquiring an additional 658,600 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in Tenaris by 3,000,790.0% in the 2nd quarter. Bessemer Group Inc. now owns 600,178 shares of the industrial products company’s stock worth $15,791,000 after acquiring an additional 600,158 shares during the period. Hedge funds and other institutional investors own 14.04% of the company’s stock.
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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