Zacks: Brokerages Expect Tenaris SA (TS) to Announce $0.20 Earnings Per Share

Wall Street analysts forecast that Tenaris SA (NYSE:TS) will post $0.20 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Tenaris’ earnings. The lowest EPS estimate is $0.15 and the highest is $0.23. Tenaris reported earnings of $0.05 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 300%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 28th.

On average, analysts expect that Tenaris will report full-year earnings of $0.57 per share for the current fiscal year, with EPS estimates ranging from $0.46 to $0.67. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.84 per share, with EPS estimates ranging from $0.74 to $0.98. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Tenaris.

Tenaris (NYSE:TS) last issued its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.09. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. Tenaris had a net margin of 8.81% and a return on equity of 2.77%. The company’s revenue was up 32.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 EPS.

Several brokerages have recently weighed in on TS. TheStreet upgraded shares of Tenaris from a “c” rating to a “b-” rating in a research report on Tuesday, December 12th. Barclays initiated coverage on shares of Tenaris in a report on Wednesday, December 20th. They issued an “overweight” rating and a $39.00 target price on the stock. Zacks Investment Research raised shares of Tenaris from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a report on Friday, January 5th. Credit Suisse Group raised shares of Tenaris from an “underperform” rating to a “neutral” rating in a report on Monday, January 15th. Finally, Loop Capital lifted their target price on shares of Tenaris from $36.00 to $37.00 and gave the company a “buy” rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $36.39.

Shares of Tenaris (NYSE TS) opened at $35.79 on Tuesday. The firm has a market cap of $20,930.00, a P/E ratio of 74.56 and a beta of 0.65. Tenaris has a 12-month low of $25.91 and a 12-month high of $37.21.

Several institutional investors have recently made changes to their positions in TS. Citigroup Inc. increased its holdings in shares of Tenaris by 166.8% in the 2nd quarter. Citigroup Inc. now owns 31,521 shares of the industrial products company’s stock valued at $981,000 after acquiring an additional 19,708 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Tenaris by 15.0% in the 2nd quarter. D.A. Davidson & CO. now owns 7,742 shares of the industrial products company’s stock valued at $241,000 after acquiring an additional 1,011 shares during the period. Vanguard Group Inc. increased its holdings in shares of Tenaris by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 337,048 shares of the industrial products company’s stock valued at $10,496,000 after acquiring an additional 14,016 shares during the period. Quantbot Technologies LP acquired a new position in shares of Tenaris in the 2nd quarter valued at $379,000. Finally, Parametric Portfolio Associates LLC increased its stake in Tenaris by 1.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 290,142 shares of the industrial products company’s stock valued at $9,035,000 after buying an additional 3,278 shares during the period. 15.07% of the stock is currently owned by institutional investors and hedge funds.

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About Tenaris

Tenaris SA is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products.

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