Tenaris SA (NYSE:TS) – Analysts at Capital One Financial Corp. reduced their Q2 2017 earnings per share estimates for Tenaris SA in a report released on Tuesday. Capital One Financial Corp. analyst J. Gibney now anticipates that the industrial products company will post earnings of $0.11 per share for the quarter, down from their prior estimate of $0.12. Capital One Financial Corp. also issued estimates for Tenaris SA’s Q3 2017 earnings at $0.11 EPS, FY2017 earnings at $0.59 EPS and FY2018 earnings at $0.97 EPS.

Tenaris SA (NYSE:TS) last posted its quarterly earnings data on Wednesday, February 22nd. The industrial products company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. Tenaris SA had a negative net margin of 0.52% and a negative return on equity of 0.21%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the firm posted ($0.08) EPS. The company’s quarterly revenue was down 23.8% on a year-over-year basis.

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Several other research analysts also recently commented on the stock. Loop Capital raised shares of Tenaris SA from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Wednesday, May 17th. Scotiabank reaffirmed a “buy” rating and issued a $40.00 target price on shares of Tenaris SA in a research note on Monday, May 1st. Zacks Investment Research raised shares of Tenaris SA from a “strong sell” rating to a “hold” rating in a research note on Saturday, April 29th. Simmons lifted their price target on shares of Tenaris SA from $40.50 to $41.00 and gave the company an “overweight” rating in a report on Tuesday, April 4th. Finally, Evercore ISI upgraded shares of Tenaris SA from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Monday, February 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.14.

Shares of Tenaris SA (NYSE:TS) opened at 31.03 on Friday. The stock has a 50 day moving average of $32.01 and a 200-day moving average of $33.22. The company has a market capitalization of $18.32 billion, a price-to-earnings ratio of 75.68 and a beta of 0.91. Tenaris SA has a 1-year low of $25.19 and a 1-year high of $37.21.

Institutional investors have recently modified their holdings of the company. Kernodle & Katon Asset Management Group LLC acquired a new position in shares of Tenaris SA during the third quarter worth $129,000. Tyers Asset Management LLC acquired a new position in shares of Tenaris SA during the fourth quarter worth $173,000. Flinton Capital Management LLC acquired a new position in shares of Tenaris SA during the fourth quarter worth $210,000. American National Insurance Co. TX acquired a new position in shares of Tenaris SA during the fourth quarter worth $211,000. Finally, Bluestein R H & Co. acquired a new position in shares of Tenaris SA during the fourth quarter worth $214,000. 16.47% of the stock is owned by institutional investors and hedge funds.

The business also recently declared a dividend, which was paid on Tuesday, May 23rd. Stockholders of record on Tuesday, May 23rd were given a $0.56 dividend. The ex-dividend date of this dividend was Monday, May 22nd. This is a positive change from Tenaris SA’s previous dividend of $0.26. Tenaris SA’s payout ratio is currently -1,300.00%.

Tenaris SA Company Profile

Tenaris SA is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products.

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