Tenaris (NYSE:TS) Releases Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Key Points

• Tenaris reported Q1 EPS of $1.07, beating the consensus $0.87 by $0.20, and recorded a net margin of 16.13% and ROE of 11.32%.
• The company declared a dividend of $1.20 per share payable May 20 (ex-dividend May 19), which the article reports as a 450.0% yield and a payout ratio of 31.78%.
• Shares traded down about 1.6% to $62.45 on higher volume; analysts remain mostly positive with a consensus "Moderate Buy" rating and a $57.28 price target despite several recent upgrades and higher price objectives.

Tenaris (NYSE:TS - Get Free Report) announced its quarterly earnings data on Wednesday. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.20, Zacks reports. Tenaris had a net margin of 16.13% and a return on equity of 11.32%.

Tenaris Stock Down 1.6%

TS traded down $1.03 during trading on Wednesday, reaching $62.45. 2,624,858 shares of the company's stock were exchanged, compared to its average volume of 1,810,288. Tenaris has a fifty-two week low of $32.00 and a fifty-two week high of $64.33. The business has a 50 day moving average price of $57.49 and a 200 day moving average price of $47.03. The company has a market capitalization of $33.48 billion, a P/E ratio of 17.11, a PEG ratio of 2.20 and a beta of 0.85.

Tenaris Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Tuesday, May 19th will be paid a dividend of $1.20 per share. The ex-dividend date is Tuesday, May 19th. This represents a yield of 450.0%. Tenaris's payout ratio is currently 31.78%.

Analysts Set New Price Targets

TS has been the topic of several research analyst reports. Oddo Bhf upgraded shares of Tenaris to an "outperform" rating in a research note on Thursday, February 5th. Stifel Nicolaus raised their price objective on shares of Tenaris from $45.00 to $57.00 and gave the stock a "buy" rating in a research note on Monday, February 23rd. Weiss Ratings upgraded shares of Tenaris from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, April 24th. TD Cowen restated a "buy" rating on shares of Tenaris in a research note on Wednesday, March 18th. Finally, Barclays raised their price objective on shares of Tenaris from $56.00 to $72.00 and gave the stock an "overweight" rating in a research note on Monday, April 20th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Tenaris currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.28.

Institutional Investors Weigh In On Tenaris

Institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new stake in Tenaris during the third quarter worth $47,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Tenaris in the 4th quarter valued at $48,000. Raymond James Financial Inc. acquired a new stake in shares of Tenaris in the 2nd quarter valued at $49,000. Smartleaf Asset Management LLC boosted its stake in shares of Tenaris by 26.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the industrial products company's stock valued at $66,000 after purchasing an additional 353 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Tenaris in the 4th quarter valued at $67,000. Institutional investors and hedge funds own 10.45% of the company's stock.

About Tenaris

Tenaris SA is a global manufacturer and supplier of steel tubular products and related services, primarily serving the oil and gas industry as well as other energy and industrial markets. Its product portfolio centers on seamless and welded steel pipes used for casing, tubing and line pipe applications, alongside a range of specialty and mechanical steel tubes. The company also provides value‑added technical solutions, including premium connections, heat treatment and surface protection, to support drilling, completion and production activities.

Tenaris operates an integrated industrial and commercial network that combines manufacturing, distribution and field services.

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