Tenaris (TS) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tenaris in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TS shares.
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6 brokerages have issued 12-month price targets for Tenaris' shares. Their TS share price forecasts range from $38.00 to $50.00. On average, they expect the company's share price to reach $43.80 in the next year. This suggests a possible upside of 37.4% from the stock's current price.
View analysts price targets for TS or view top-rated stocks among Wall Street analysts.

Tenaris' stock was trading at $35.16 at the start of the year. Since then, TS shares have decreased by 9.4% and is now trading at $31.87.
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Tenaris saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,500,000 shares, a drop of 20.4% from the August 15th total of 3,140,000 shares. Based on an average trading volume of 1,930,000 shares, the short-interest ratio is currently 1.3 days. Currently, 0.4% of the company's stock are short sold.
View Tenaris' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our TS earnings forecast.

Tenaris S.A. (NYSE:TS) announced its quarterly earnings data on Wednesday, August, 2nd. The industrial products company reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.27. The industrial products company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.73 billion. Tenaris had a net margin of 24.75% and a trailing twelve-month return on equity of 25.13%. The firm's revenue was up 45.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS.

Tenaris declared a semi-annual dividend on Friday, April 28th. Shareholders of record on Tuesday, May 23rd will be paid a dividend of $0.68 per share on Wednesday, May 24th. The ex-dividend date of this dividend is Monday, May 22nd. This is a positive change from the stock's previous semi-annual dividend of $0.56.
Read our dividend analysis for TS.

ETFs with the largest weight of Tenaris (NYSE:TS) stock in their portfolio include VanEck Steel ETF (SLX), VanEck Oil Services ETF (OIH), Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH), Direxion Daily Oil Services Bull 2X Shares (ONG), Amplify International Enhanced Dividend Income ETF (IDVO), FIS Biblically Responsible Risk Managed ETF (PRAY) and Emerge EMPWR Unified Sustainable Equity ETF (EMPW).First Trust Long/Short Equity ETF (FTLS).

Tenaris (NYSE:TS) pays an annual dividend of $0.68 per share and currently has a dividend yield of 2.18%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TS will have a dividend payout ratio of 14.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TS.

460 employees have rated Tenaris Chief Executive Officer Paolo Rocca on Glassdoor.com. Paolo Rocca has an approval rating of 91% among the company's employees. This puts Paolo Rocca in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Tenaris investors own include OPKO Health (OPK), Energy Transfer (ET), Steel Dynamics (STLD), Ford Motor (F), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Martin Midstream Partners (MMLP), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP) and Alliance Resource Partners (ARLP).

Tenaris trades on the New York Stock Exchange (NYSE) under the ticker symbol "TS."

Tenaris' stock is owned by many different retail and institutional investors. Top institutional shareholders include Perpetual Ltd (2.10%), Van ECK Associates Corp (0.68%), Harding Loevner LP (0.52%), Renaissance Technologies LLC (0.31%), Marshall Wace LLP (0.24%) and BlackRock Inc. (0.23%).

Shares of TS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TS stock can currently be purchased for approximately $31.87.

Tenaris (NYSE:TS) has a market capitalization of $18.81 billion and generates $11.76 billion in revenue each year. The industrial products company earns $2.55 billion in net income (profit) each year or $6.21 on an earnings per share basis.

The company employs 25,292 workers across the globe.

Tenaris' mailing address is 26 BOULEVARD ROYAL 4TH FLOOR, LUXEMBOURG N4, L-2449. The official website for the company is www.tenaris.com. The industrial products company can be reached via phone at (522) 647-8978, via email at investors@tenaris.com, or via fax at 352-2647-8979.