Tenaris (NYSE:TS – Get Free Report) will 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. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Tenaris (NYSE:TS – Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.03 by $0.89. Tenaris had a return on equity of 24.33% and a net margin of 26.35%. The firm had revenue of $3.41 billion during the quarter, compared to analysts’ expectations 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 Trading Down 0.3 %
NYSE:TS opened at $37.77 on Tuesday. The stock has a market capitalization of $22.29 billion, a PE ratio of 5.69, a P/E/G ratio of 3.28 and a beta of 1.47. Tenaris has a 1-year low of $24.69 and a 1-year high of $40.72. The firm has a fifty day simple moving average of $37.40 and a 200 day simple moving average of $34.75.
Tenaris Increases Dividend
Analyst Ratings Changes
Several analysts have issued reports on the company. Jefferies Financial Group lowered Tenaris from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Bank of America started coverage on shares of Tenaris in a research report on Tuesday, January 16th. They set a “neutral” rating for the company. Finally, Morgan Stanley cut shares of Tenaris from an “overweight” rating to an “underweight” rating and set a $40.00 target price for the company. in a research note on Thursday, April 18th.
Read Our Latest Stock Report on Tenaris
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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