Tenaris (NYSE:TS – Get Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.02 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Tenaris (NYSE:TS – Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.89. Tenaris had a net margin of 26.35% and a return on equity of 24.33%. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.08 billion. On average, analysts expect Tenaris to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Tenaris Price Performance
Tenaris stock opened at $37.86 on Wednesday. Tenaris has a 12-month low of $24.69 and a 12-month high of $40.72. The company has a market capitalization of $22.35 billion, a price-to-earnings ratio of 5.70, a price-to-earnings-growth ratio of 3.28 and a beta of 1.47. The firm’s fifty day moving average price is $37.52 and its 200 day moving average price is $34.80.
Tenaris Increases Dividend
Analyst Ratings Changes
Several research firms have recently commented on TS. Bank of America began coverage on shares of Tenaris in a report on Tuesday, January 16th. They issued a “neutral” rating for the company. Jefferies Financial Group lowered shares of Tenaris from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Morgan Stanley lowered shares of Tenaris from an “overweight” rating to an “underweight” rating and set a $40.00 price target for the company. in a report on Thursday, April 18th.
Read Our Latest Research Report on TS
Tenaris Company Profile
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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