Tenaris (TS) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Tenaris (NYSE:TS) posted its quarterly earnings results on Thursday. The company reported $0.69 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.70 by $0.01, Stock Ratings Network.com reports. The company had revenue of $2.67 million for the quarter, compared to the consensus estimate of $2.72 billion.
Tenaris (NYSE:TS) traded up 0.60% on Thursday, hitting $43.77. 1,917,639 shares of the company’s stock traded hands. Tenaris has a 52-week low of $38.47 and a 52-week high of $49.87. The stock’s 50-day moving average is $44.22 and its 200-day moving average is $45.34. The company has a market cap of $25.836 billion and a price-to-earnings ratio of 16.97.
Several analysts have recently commented on the stock. Analysts at EVA Dimensions LLC upgraded shares of Tenaris from a “hold” rating to an “overweight” rating in a research note on Thursday. On a related note, analysts at Banca Akros downgraded shares of Tenaris to a “hold” rating in a research note on Wednesday. Finally, analysts at Howard Weil upgraded shares of Tenaris from a “sector perform” rating to an “outperform” rating in a research note on Thursday, January 9th. They now have a $53.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $46.28.
Tenaris SA is a Luxembourg-based holding company active in the supply of tubes and related services mainly for the energy industry and certain other industrial applications.
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