Tenaris (TS) Projected to Post Quarterly Earnings on Wednesday

Tenaris (NYSE:TS) is expected to announce its earnings results before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.63 per share and revenue of $2.71 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Tenaris Price Performance

NYSE:TS opened at $38.61 on Tuesday. Tenaris has a 1-year low of $27.24 and a 1-year high of $40.72. The company has a 50-day moving average of $38.32 and a 200 day moving average of $34.20. The firm has a market cap of $22.44 billion, a PE ratio of 8.41 and a beta of 1.44.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TS shares. StockNews.com lowered shares of Tenaris from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Bank of America downgraded shares of Tenaris from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 29th. Piper Sandler initiated coverage on shares of Tenaris in a report on Thursday, December 19th. They issued an “overweight” rating and a $48.00 target price for the company. Kepler Capital Markets downgraded shares of Tenaris from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Finally, Jefferies Financial Group upgraded shares of Tenaris from a “hold” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $47.00 in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $42.75.

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.