Tenaris (NYSE:TS) Shares Gap Up After Earnings Beat

Tenaris S.A. (NYSE:TS)’s stock price gapped up before the market opened on Thursday following a stronger than expected earnings report. The stock had previously closed at $49.73, but opened at $53.49. Tenaris shares last traded at $54.2380, with a volume of 1,471,785 shares.

The industrial products company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.95 billion. Tenaris had a net margin of 16.13% and a return on equity of 11.27%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 earnings per share.

Tenaris Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Tuesday, May 19th will be given a $1.20 dividend. The ex-dividend date is Tuesday, May 19th. This represents a yield of 450.0%. Tenaris’s dividend payout ratio is 31.18%.

Key Tenaris News

Here are the key news stories impacting Tenaris this week:

• Positive Sentiment: Q4 results beat estimates — Tenaris reported EPS of $0.87 vs. consensus ~$0.76 and revenue of ~$3.0B (vs. ~$2.95B), showing resilient margins in the quarter. This beat is the primary catalyst cited by markets. GlobeNewswire: Q4 & Annual Results
• Positive Sentiment: Very strong cash flow and capital returns — Q4 free cash flow was $665M, net cash ~ $3.3B at year‑end, and the company repurchased ~$537M of stock in the quarter. The board proposed an annual dividend totaling $0.89 per share (≈ $1.20 per ADS) with a May payment schedule, supporting yield/return expectations. GlobeNewswire: Cash Flow / Dividend Details
• Positive Sentiment: Market reaction / analyst commentary was upbeat — News outlets flagged the beat and lifted outlook confidence, and headlines note shares jumped on the results. That immediate market reaction amplified buying interest. Investing.com: Shares Jump on Q4 Beat
• Neutral Sentiment: Management outlook is cautious but steady — Tenaris expects sales and margins to remain close to current levels in Q1 2026 (no strong directional guidance), which reduces near‑term uncertainty but gives no upside guidance. See the Q4 earnings call transcript for tone and Q&A. Seeking Alpha: Q4 Earnings Call Transcript
• Negative Sentiment: Year‑over‑year declines and tariff pressure — Full‑year 2025 net sales fell ~4% and operating income declined ~6% versus 2024; Q4 EPS and net income were lower than Q4 2024 on a comparable basis. Management also cited the full impact of U.S. Section 232 tariffs on margins. Those trends are the main downside risks to sustained multiple expansion. GlobeNewswire: Annual / Tariff Impact

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. TD Cowen reiterated a “buy” rating on shares of Tenaris in a research report on Wednesday, January 7th. Stifel Nicolaus increased their price objective on Tenaris from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Oddo Bhf raised Tenaris to an “outperform” rating in a research report on Thursday, February 5th. Wall Street Zen lowered Tenaris from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Piper Sandler restated a “neutral” rating on shares of Tenaris in a research note on Thursday, December 18th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $42.72.

Institutional Investors Weigh In On Tenaris

Large investors have recently modified their holdings of the stock. BSW Wealth Partners lifted its stake in shares of Tenaris by 3.0% in the 4th quarter. BSW Wealth Partners now owns 7,924 shares of the industrial products company’s stock valued at $305,000 after purchasing an additional 232 shares during the period. Commonwealth Equity Services LLC increased its holdings in Tenaris by 2.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,469 shares of the industrial products company’s stock valued at $441,000 after purchasing an additional 241 shares during the last quarter. Rhumbline Advisers lifted its stake in Tenaris by 4.2% in the second quarter. Rhumbline Advisers now owns 8,387 shares of the industrial products company’s stock valued at $314,000 after buying an additional 338 shares during the period. JPMorgan Chase & Co. boosted its holdings in Tenaris by 2.1% during the third quarter. JPMorgan Chase & Co. now owns 17,229 shares of the industrial products company’s stock worth $616,000 after buying an additional 352 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Tenaris by 26.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the industrial products company’s stock worth $66,000 after buying an additional 353 shares during the period. 10.45% of the stock is currently owned by institutional investors.

Tenaris Stock Performance

The company has a market capitalization of $31.19 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 13.18 and a beta of 0.95. The company has a 50-day moving average price of $42.81 and a 200-day moving average price of $39.15.

Tenaris Company Profile

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.