Wall Street analysts forecast that Tenaris SA (NYSE:TS) will report earnings per share of $0.35 for the current quarter, according to Zacks. Five analysts have made estimates for Tenaris’ earnings. The highest EPS estimate is $0.37 and the lowest is $0.30. Tenaris reported earnings per share of $0.29 in the same quarter last year, which suggests a positive year over year growth rate of 20.7%. The company is expected to announce its next earnings report after the market closes on Wednesday, July 31st.
According to Zacks, analysts expect that Tenaris will report full-year earnings of $1.53 per share for the current year, with EPS estimates ranging from $1.37 to $1.67. For the next fiscal year, analysts expect that the firm will post earnings of $1.90 per share, with EPS estimates ranging from $1.52 to $2.02. Zacks’ EPS averages are an average based on a survey of analysts that cover Tenaris.
Tenaris (NYSE:TS) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. Tenaris had a net margin of 11.53% and a return on equity of 7.46%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Morgan Stanley set a $35.00 target price on shares of Tenaris and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 target price on shares of General Motors in a report on Tuesday, March 26th. TheStreet lowered shares of Viewray from a “c-” rating to a “d” rating in a report on Friday, May 3rd. Finally, ValuEngine raised shares of William Lyon Homes from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Tenaris currently has a consensus rating of “Buy” and an average target price of $36.38.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC purchased a new stake in shares of Tenaris during the first quarter worth approximately $29,000. Icon Wealth Partners LLC purchased a new stake in shares of Tenaris during the first quarter worth approximately $44,000. Macquarie Group Ltd. purchased a new stake in shares of Tenaris during the fourth quarter worth approximately $42,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Tenaris during the fourth quarter worth approximately $45,000. Finally, Rehmann Capital Advisory Group increased its stake in shares of Tenaris by 292.0% during the first quarter. Rehmann Capital Advisory Group now owns 4,861 shares of the industrial products company’s stock worth $137,000 after buying an additional 3,621 shares during the period. 14.40% of the stock is owned by hedge funds and other institutional investors.
Shares of Tenaris stock traded down $0.61 during trading hours on Thursday, reaching $26.39. 1,644,323 shares of the company’s stock were exchanged, compared to its average volume of 2,085,406. Tenaris has a 1 year low of $20.45 and a 1 year high of $37.36. The stock has a market capitalization of $16.16 billion, a P/E ratio of 17.83, a P/E/G ratio of 1.84 and a beta of 1.12. The firm has a fifty day moving average price of $25.44. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.13 and a quick ratio of 1.75.
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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