Tenaris (NYSE:TS – Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.02 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Tenaris (NYSE:TS – Get Free Report) last announced its earnings results on Wednesday, February 21st. The industrial products company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.89. The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Tenaris had a return on equity of 24.33% and a net margin of 26.35%. On average, analysts expect Tenaris to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Tenaris Stock Performance
Shares of TS stock opened at $37.77 on Tuesday. Tenaris has a fifty-two week low of $24.69 and a fifty-two week high of $40.72. The firm has a market capitalization of $22.29 billion, a P/E ratio of 5.69, a PEG ratio of 3.28 and a beta of 1.47. The stock’s fifty day moving average is $37.40 and its two-hundred day moving average is $34.75.
Tenaris Increases Dividend
Analyst Ratings Changes
TS has been the topic of a number of recent research reports. Jefferies Financial Group lowered Tenaris from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Bank of America initiated coverage on shares of Tenaris in a research note on Tuesday, January 16th. They set a “neutral” rating on the stock. Finally, Morgan Stanley cut shares of Tenaris from an “overweight” rating to an “underweight” rating and set a $40.00 price target for the company. in a research note on Thursday, April 18th.
Read Our Latest Report on Tenaris
About Tenaris
Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.
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