Brokerages predict that Tenaris SA (NYSE:TS) will post sales of $1.99 billion for the current quarter, Zacks reports. Four analysts have provided estimates for Tenaris’ earnings, with the highest sales estimate coming in at $2.03 billion and the lowest estimate coming in at $1.95 billion. Tenaris posted sales of $1.87 billion during the same quarter last year, which suggests a positive year over year growth rate of 6.4%. The business is scheduled to issue its next quarterly earnings results after the market closes on Thursday, April 25th.

According to Zacks, analysts expect that Tenaris will report full-year sales of $8.10 billion for the current year, with estimates ranging from $7.83 billion to $8.58 billion. For the next year, analysts forecast that the firm will post sales of $8.76 billion, with estimates ranging from $8.26 billion to $9.08 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Tenaris.

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

A number of brokerages have recently commented on TS. 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 research note on Friday, January 18th. Barclays reissued a “buy” rating and issued a $44.00 target price on shares of Tenaris in a report on Friday, January 18th. Zacks Investment Research raised Tenaris from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, January 22nd. ValuEngine raised Tenaris from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Finally, Goldman Sachs Group lowered Tenaris from a “neutral” rating to a “sell” rating and set a $28.80 target price on the stock. in a report on Tuesday, March 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $37.89.

NYSE TS traded up $0.05 on Friday, hitting $28.42. The stock had a trading volume of 31,844 shares, compared to its average volume of 1,992,033. Tenaris has a 52-week low of $20.45 and a 52-week high of $40.64. The stock has a market capitalization of $16.75 billion, a PE ratio of 19.24 and a beta of 1.03.

Several hedge funds have recently modified their holdings of the company. Enlightenment Research LLC bought a new stake in shares of Tenaris during the 4th quarter valued at about $30,000. Macquarie Group Ltd. purchased a new position in Tenaris during the 4th quarter valued at about $42,000. NumerixS Investment Technologies Inc purchased a new position in shares of Tenaris during the 4th quarter worth approximately $45,000. Lindbrook Capital LLC purchased a new position in shares of Tenaris during the 4th quarter worth approximately $72,000. Finally, Glenmede Trust Co. NA bought a new stake in shares of Tenaris in the 3rd quarter worth approximately $133,000. Institutional investors own 14.49% of the company’s stock.

About Tenaris

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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