Tenaris (TS) Scheduled to Post Quarterly Earnings on Thursday

Tenaris (NYSE:TS - Get Free Report) will release its earnings data after the market closes on Thursday, April 25th. Analysts expect Tenaris to post earnings of $1.02 per share for the quarter.

Tenaris (NYSE:TS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.89. Tenaris had a net margin of 26.35% and a return on equity of 24.33%. The company had revenue of $3.41 billion during the quarter, compared to analyst estimates 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 Price Performance

NYSE TS traded down $0.73 during mid-day trading on Thursday, reaching $37.37. The stock had a trading volume of 2,169,467 shares, compared to its average volume of 2,012,636. Tenaris has a 1 year low of $24.69 and a 1 year high of $40.72. The stock has a market cap of $22.06 billion, a PE ratio of 5.74, a price-to-earnings-growth ratio of 3.29 and a beta of 1.47. The company has a fifty day moving average price of $37.05 and a 200 day moving average price of $34.57.

Tenaris Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Tuesday, May 21st will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, May 20th. This is a positive change from Tenaris's previous Semi-Annual dividend of $0.68. Tenaris's payout ratio is currently 12.05%.

Analyst Ratings Changes

Several research firms have recently weighed in on TS. Bank of America began coverage on Tenaris in a report on Tuesday, January 16th. They set a "neutral" rating on the stock. Jefferies Financial Group lowered Tenaris from a "buy" rating to a "hold" rating in a research note on Thursday, January 4th. Finally, Morgan Stanley lowered Tenaris from an "overweight" rating to an "underweight" rating and set a $40.00 price objective for the company. in a research note on Thursday.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Tenaris by 1.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,104,573 shares of the industrial products company's stock valued at $116,652,000 after acquiring an additional 48,677 shares during the last quarter. Morgan Stanley lifted its stake in Tenaris by 9.4% in the fourth quarter. Morgan Stanley now owns 1,946,080 shares of the industrial products company's stock worth $68,424,000 after purchasing an additional 167,024 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Tenaris by 2,895.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,842,507 shares of the industrial products company's stock worth $47,612,000 after purchasing an additional 1,781,007 shares during the last quarter. BlackRock Inc. lifted its stake in Tenaris by 4.9% in the second quarter. BlackRock Inc. now owns 1,336,274 shares of the industrial products company's stock worth $40,021,000 after purchasing an additional 62,570 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Tenaris by 33.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,155,173 shares of the industrial products company's stock worth $40,154,000 after purchasing an additional 291,118 shares during the last quarter. Institutional investors own 10.45% of the company's stock.

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.