Tenaris S.A. (TS) Expected to Post Earnings of $0.20 Per Share

Equities research analysts predict that Tenaris S.A. (NYSE:TS) will post $0.20 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Tenaris’ earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.23. Tenaris posted earnings per share of $0.05 in the same quarter last year, which would suggest a positive year-over-year growth rate of 300%. The company is expected to report its next earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Tenaris will report full year earnings of $0.49 per share for the current fiscal year, with EPS estimates ranging from $0.35 to $0.67. For the next financial year, analysts forecast that the business will report earnings of $0.84 per share, with EPS estimates ranging from $0.74 to $0.96. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Tenaris.

Tenaris (NYSE:TS) last announced its earnings results on Wednesday, November 1st. The industrial products company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.09. Tenaris had a net margin of 8.81% and a return on equity of 2.77%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the firm earned $0.03 EPS. The firm’s revenue for the quarter was up 32.0% on a year-over-year basis.

A number of equities research analysts have commented on TS shares. Zacks Investment Research raised shares of Tenaris from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Tuesday, July 18th. Cowen and Company set a $28.00 price objective on shares of Tenaris and gave the company a “hold” rating in a research report on Friday, October 6th. BidaskClub cut shares of Tenaris from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Loop Capital upped their target price on shares of Tenaris from $36.00 to $37.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Scotiabank set a $40.00 target price on shares of Tenaris and gave the company a “buy” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $35.39.

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Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in Tenaris by 1,187.5% during the 1st quarter. JPMorgan Chase & Co. now owns 6,502 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 5,997 shares during the period. Paloma Partners Management Co acquired a new stake in Tenaris during the 1st quarter worth $251,000. D.A. Davidson & CO. boosted its stake in Tenaris by 15.0% during the 2nd quarter. D.A. Davidson & CO. now owns 7,742 shares of the industrial products company’s stock worth $241,000 after purchasing an additional 1,011 shares during the period. Airain ltd acquired a new stake in Tenaris during the 2nd quarter worth $264,000. Finally, FDx Advisors Inc. acquired a new stake in Tenaris during the 3rd quarter worth $243,000. Hedge funds and other institutional investors own 16.03% of the company’s stock.

Shares of Tenaris (TS) traded down $0.27 on Tuesday, reaching $29.39. 1,048,700 shares of the company traded hands, compared to its average volume of 2,140,037. Tenaris has a 1 year low of $25.91 and a 1 year high of $37.21. The stock has a market cap of $17,190.00, a P/E ratio of 53.93 and a beta of 0.61.

The firm also recently declared a dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 21st will be paid a dividend of $0.26 per share. The ex-dividend date is Monday, November 20th. Tenaris’s dividend payout ratio is currently 233.33%.

About Tenaris

Tenaris SA is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products.

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Earnings History and Estimates for Tenaris (NYSE:TS)

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