Tenaris (TS) to Release Quarterly Earnings on Thursday

Tenaris (NYSE:TS) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.02 per share for the quarter.

Tenaris (NYSE:TS) last issued its quarterly earnings data 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. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.08 billion. Tenaris had a return on equity of 24.33% and a net margin of 26.35%. On average, analysts expect Tenaris to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Tenaris Trading Up 0.1 %

Shares of NYSE TS opened at $38.10 on Thursday. The stock has a 50 day simple moving average of $37.05 and a 200-day simple moving average of $34.57. The company has a market cap of $22.49 billion, a PE ratio of 5.74, a P/E/G ratio of 3.31 and a beta of 1.47. Tenaris has a 12-month low of $24.69 and a 12-month high of $40.72.

Tenaris Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, May 22nd. Investors of record on Tuesday, May 21st will be issued a dividend of $0.80 per share. This is a boost from Tenaris’s previous Semi-Annual dividend of $0.68. The ex-dividend date is Monday, May 20th. Tenaris’s payout ratio is presently 12.05%.

Analyst Upgrades and Downgrades

TS has been the topic of several recent analyst reports. Bank of America initiated coverage on Tenaris in a report on Tuesday, January 16th. They set a “neutral” rating on the stock. Jefferies Financial Group cut Tenaris from a “buy” rating to a “hold” rating in a report on Thursday, January 4th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Advisor Partners II LLC bought a new position in shares of Tenaris in the first quarter valued at $223,000. Blair William & Co. IL increased its holdings in shares of Tenaris by 7.3% in the first quarter. Blair William & Co. IL now owns 7,460 shares of the industrial products company’s stock valued at $212,000 after buying an additional 508 shares in the last quarter. Barclays PLC increased its holdings in shares of Tenaris by 26.1% in the first quarter. Barclays PLC now owns 5,588 shares of the industrial products company’s stock valued at $159,000 after buying an additional 1,157 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Tenaris by 65.9% in the first quarter. Citigroup Inc. now owns 5,236 shares of the industrial products company’s stock valued at $157,000 after buying an additional 2,080 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Tenaris by 109.3% in the third quarter. Royal Bank of Canada now owns 5,816 shares of the industrial products company’s stock valued at $151,000 after buying an additional 3,037 shares in the last quarter. Institutional investors own 10.45% of the company’s stock.

About Tenaris

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.