Equities research analysts forecast that Tenaris SA (NYSE:TS) will report earnings of $0.35 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Tenaris’ earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.37. Tenaris reported earnings per share of $0.29 during the same quarter last year, which would indicate a positive year-over-year growth rate of 20.7%. The firm is expected to issue its next quarterly earnings results on Wednesday, August 7th.

On average, analysts expect that Tenaris will report full year earnings of $1.53 per share for the current financial year, with EPS estimates ranging from $1.37 to $1.67. For the next financial year, analysts forecast that the firm will report earnings of $1.89 per share, with EPS estimates ranging from $1.52 to $2.02. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Tenaris.

Tenaris (NYSE:TS) last announced its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $2 billion. Tenaris had a return on equity of 7.46% and a net margin of 11.53%. Tenaris’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.20 earnings per share.

A number of research analysts have issued reports on TS shares. TheStreet upgraded Tenaris from a “c+” rating to a “b-” rating in a research note on Friday, May 3rd. Barclays restated a “buy” rating and issued a $39.00 price objective on shares of Tenaris in a research note on Tuesday, February 26th. Zacks Investment Research upgraded Tenaris from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. ValuEngine upgraded Tenaris from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd. Finally, Goldman Sachs Group downgraded Tenaris from a “neutral” rating to a “sell” rating and set a $28.80 price objective for the company. in a research note on Tuesday, March 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $36.53.

NYSE:TS traded down $0.15 during trading on Tuesday, reaching $25.40. The company’s stock had a trading volume of 2,211,900 shares, compared to its average volume of 2,144,317. The company has a market capitalization of $15.04 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 1.74 and a beta of 1.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.75 and a current ratio of 3.13. The company has a 50 day simple moving average of $25.55. Tenaris has a 12 month low of $20.45 and a 12 month high of $39.04.

Several hedge funds and other institutional investors have recently modified their holdings of the company. First Trust Advisors LP bought a new position in Tenaris in the 1st quarter worth about $219,000. Rehmann Capital Advisory Group increased its stake in Tenaris by 292.0% in the 1st quarter. Rehmann Capital Advisory Group now owns 4,861 shares of the industrial products company’s stock worth $137,000 after acquiring an additional 3,621 shares during the last quarter. Marshall Wace North America L.P. increased its stake in Tenaris by 344.1% in the 1st quarter. Marshall Wace North America L.P. now owns 686,719 shares of the industrial products company’s stock worth $19,400,000 after acquiring an additional 532,076 shares during the last quarter. Marshall Wace LLP increased its stake in Tenaris by 86.7% in the 1st quarter. Marshall Wace LLP now owns 751,265 shares of the industrial products company’s stock worth $21,224,000 after acquiring an additional 348,856 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in Tenaris by 5.2% in the 1st quarter. Lazard Asset Management LLC now owns 340,070 shares of the industrial products company’s stock worth $9,606,000 after acquiring an additional 16,918 shares during the last quarter. 14.40% of the stock is currently owned by hedge funds and other institutional investors.

Tenaris Company Profile

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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