Wall Street analysts expect Tenaris SA (NYSE:TS) to post earnings of $0.33 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Tenaris’ earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.44. Tenaris posted earnings of $0.18 per share in the same quarter last year, which suggests a positive year over year growth rate of 83.3%. The company is scheduled to announce its next quarterly earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Tenaris will report full year earnings of $1.39 per share for the current year, with EPS estimates ranging from $1.25 to $1.52. For the next financial year, analysts expect that the business will report earnings of $1.86 per share, with EPS estimates ranging from $1.37 to $2.37. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Tenaris.

Tenaris (NYSE:TS) last announced its earnings results on Wednesday, August 1st. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. Tenaris had a return on equity of 5.74% and a net margin of 10.21%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the company posted $0.06 EPS. The firm’s quarterly revenue was up 43.9% compared to the same quarter last year.

TS has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on Tenaris in a research note on Thursday, August 23rd. They set a “buy” rating on the stock. BNP Paribas upgraded Tenaris from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 21st. ValuEngine downgraded Tenaris from a “buy” rating to a “hold” rating in a research note on Saturday, June 16th. Zacks Investment Research downgraded Tenaris from a “strong-buy” rating to a “hold” rating and set a $41.00 price target on the stock. in a research note on Friday, June 29th. Finally, Credit Suisse Group downgraded Tenaris from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 11th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Tenaris currently has an average rating of “Hold” and an average price target of $42.21.

Tenaris stock traded up $0.16 during trading hours on Thursday, hitting $32.89. 1,328,900 shares of the stock traded hands, compared to its average volume of 2,086,446. The company has a market cap of $19.46 billion, a PE ratio of 42.71, a PEG ratio of 0.65 and a beta of 0.57. Tenaris has a 1 year low of $25.91 and a 1 year high of $40.64.

Institutional investors and hedge funds have recently modified their holdings of the company. Greenleaf Trust purchased a new stake in shares of Tenaris in the second quarter worth about $240,000. Point72 Asset Management L.P. raised its holdings in Tenaris by 189.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 418,400 shares of the industrial products company’s stock worth $15,226,000 after purchasing an additional 273,600 shares during the period. Egerton Capital UK LLP acquired a new position in Tenaris in the 2nd quarter worth about $247,843,000. Royal Bank of Canada raised its holdings in Tenaris by 13.4% in the 1st quarter. Royal Bank of Canada now owns 30,755 shares of the industrial products company’s stock worth $1,067,000 after purchasing an additional 3,624 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Tenaris in the 1st quarter worth about $683,000. Hedge funds and other institutional investors own 13.97% of the company’s stock.

Tenaris Company Profile

Tenaris SA 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 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, tubular and non-tubular accessories, and devices.

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Earnings History and Estimates for Tenaris (NYSE:TS)

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