Tenaris SA (TS) Expected to Announce Earnings of $0.38 Per Share

Equities research analysts expect Tenaris SA (NYSE:TS) to report earnings per share of $0.38 for the current quarter, Zacks reports. Four analysts have made estimates for Tenaris’ earnings. The highest EPS estimate is $0.45 and the lowest is $0.26. Tenaris reported earnings of $0.40 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 5%. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, May 2nd.

According to Zacks, analysts expect that Tenaris will report full-year earnings of $1.62 per share for the current fiscal year, with EPS estimates ranging from $1.11 to $1.82. For the next year, analysts anticipate that the firm will post earnings of $1.97 per share, with EPS estimates ranging from $1.30 to $2.33. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Tenaris.

Tenaris (NYSE:TS) last issued its quarterly earnings data on Wednesday, February 20th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.05). The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.07 billion. Tenaris had a net margin of 11.44% and a return on equity of 7.45%. The firm’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 EPS.

Several research analysts have issued reports on TS shares. Zacks Investment Research upgraded shares of Tenaris from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Tuesday, January 22nd. Goldman Sachs Group lowered shares of Tenaris from a “neutral” rating to a “sell” rating and set a $28.80 price target for the company. in a report on Tuesday, March 26th. ValuEngine upgraded shares of Tenaris from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Barclays restated a “buy” rating and set a $44.00 price target on shares of Tenaris in a report on Friday, January 18th. Finally, Citigroup upgraded shares of Tenaris from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a report on Friday, January 18th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $37.89.

NYSE TS traded down $0.19 during trading hours on Wednesday, reaching $29.27. The company’s stock had a trading volume of 161,101 shares, compared to its average volume of 2,026,235. The firm has a market cap of $17.62 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 0.74 and a beta of 1.03. Tenaris has a 52 week low of $20.45 and a 52 week high of $40.64.

Several large investors have recently added to or reduced their stakes in TS. Standard Life Aberdeen plc increased its stake in shares of Tenaris by 724.2% in the 4th quarter. Standard Life Aberdeen plc now owns 11,063,413 shares of the industrial products company’s stock valued at $236,481,000 after acquiring an additional 9,721,069 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Tenaris in the 4th quarter valued at $40,367,000. Deutsche Bank AG increased its stake in shares of Tenaris by 6,493.2% in the 4th quarter. Deutsche Bank AG now owns 1,734,075 shares of the industrial products company’s stock valued at $36,970,000 after acquiring an additional 1,707,774 shares in the last quarter. Millennium Management LLC increased its stake in shares of Tenaris by 22.4% in the 4th quarter. Millennium Management LLC now owns 3,116,490 shares of the industrial products company’s stock valued at $66,444,000 after acquiring an additional 569,534 shares in the last quarter. Finally, Fiera Capital Corp bought a new stake in shares of Tenaris in the 4th quarter valued at $10,077,000. Institutional investors own 14.49% of the company’s stock.

Tenaris Company Profile

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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Earnings History and Estimates for Tenaris (NYSE:TS)

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