Tenaris (TS) to Release Quarterly Earnings on Thursday

Tenaris (NYSE:TS) will post its quarterly earnings results 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) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.89. Tenaris had a net margin of 26.35% and a return on equity of 24.33%. The firm 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 Stock Up 0.1 %

NYSE:TS opened at $38.10 on Thursday. Tenaris has a 12-month low of $24.69 and a 12-month high of $40.72. The firm has a market capitalization of $22.49 billion, a PE ratio of 5.74, a price-to-earnings-growth ratio of 3.31 and a beta of 1.47. The firm has a 50-day moving average price of $37.05 and a 200 day moving average price of $34.57.

Tenaris Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, May 22nd. Investors of record on Tuesday, May 21st will be given a $0.80 dividend. The ex-dividend date is Monday, May 20th. This is a positive change from Tenaris’s previous Semi-Annual dividend of $0.68. Tenaris’s dividend payout ratio is 12.05%.

Institutional Trading of Tenaris

Several large investors have recently added to or reduced their stakes in the company. Employees Retirement System of Texas grew its stake in Tenaris by 5.3% during the fourth quarter. Employees Retirement System of Texas now owns 99,544 shares of the industrial products company’s stock worth $3,460,000 after buying an additional 4,990 shares during the last quarter. Atlas Capital Advisors LLC bought a new stake in Tenaris during the fourth quarter worth about $278,000. Vident Advisory LLC grew its stake in Tenaris by 9.1% during the fourth quarter. Vident Advisory LLC now owns 9,766 shares of the industrial products company’s stock worth $339,000 after buying an additional 811 shares during the last quarter. Weiss Multi Strategy Advisers LLC grew its stake in Tenaris by 87.6% during the fourth quarter. Weiss Multi Strategy Advisers LLC now owns 1,010,263 shares of the industrial products company’s stock worth $35,117,000 after buying an additional 471,714 shares during the last quarter. Finally, Profund Advisors LLC grew its stake in Tenaris by 29.9% during the fourth quarter. Profund Advisors LLC now owns 12,492 shares of the industrial products company’s stock worth $434,000 after buying an additional 2,875 shares during the last quarter. 10.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TS shares. Bank of America started coverage on shares of Tenaris in a research report on Tuesday, January 16th. They issued a “neutral” rating for the company. Jefferies Financial Group lowered shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th.

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.