Equities research analysts forecast that Tenaris S.A. (NYSE:TS) will announce $0.11 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Tenaris’ earnings. The lowest EPS estimate is $0.06 and the highest is $0.14. Tenaris reported earnings of $0.03 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 266.7%. The company is expected to report its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Tenaris will report full year earnings of $0.52 per share for the current financial year, with EPS estimates ranging from $0.34 to $0.78. For the next year, analysts expect that the firm will report earnings of $0.80 per share, with EPS estimates ranging from $0.45 to $1.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Tenaris.
A number of brokerages have recently commented on TS. Loop Capital raised Tenaris from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Wednesday, May 17th. BidaskClub lowered Tenaris from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Berenberg Bank reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Tenaris in a research note on Monday. Cowen and Company reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Tenaris in a research note on Tuesday, July 11th. Finally, Scotiabank set a $40.00 price objective on Tenaris and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $35.35.
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Shares of Tenaris (TS) traded down 0.47% on Friday, reaching $27.75. 950,905 shares of the company traded hands. Tenaris has a one year low of $25.19 and a one year high of $37.21. The company has a market capitalization of $16.38 billion, a P/E ratio of 49.55 and a beta of 0.63. The firm’s 50 day moving average is $30.86 and its 200 day moving average is $32.12.
Large investors have recently added to or reduced their stakes in the stock. FMR LLC purchased a new stake in Tenaris during the fourth quarter valued at approximately $397,000. AQR Capital Management LLC increased its stake in Tenaris by 9.0% in the fourth quarter. AQR Capital Management LLC now owns 15,805 shares of the industrial products company’s stock valued at $564,000 after buying an additional 1,300 shares in the last quarter. Norges Bank purchased a new stake in Tenaris during the fourth quarter valued at approximately $12,749,000. Highland Capital Management LLC increased its stake in Tenaris by 12.5% in the first quarter. Highland Capital Management LLC now owns 52,229 shares of the industrial products company’s stock valued at $1,783,000 after buying an additional 5,820 shares in the last quarter. Finally, Capstone Asset Management Co. increased its stake in Tenaris by 2.9% in the first quarter. Capstone Asset Management Co. now owns 34,553 shares of the industrial products company’s stock valued at $1,180,000 after buying an additional 980 shares in the last quarter. Hedge funds and other institutional investors own 18.67% of the company’s stock.
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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