Wall Street brokerages expect Tenaris S.A. (NYSE:TS) to report $0.20 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Tenaris’ earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.15. Tenaris posted earnings of $0.05 per share in the same quarter last year, which suggests a positive year over year growth rate of 300%. The business is scheduled to issue its next earnings results on Wednesday, February 28th.

On average, analysts expect that Tenaris will report full year earnings of $0.49 per share for the current year, with EPS estimates ranging from $0.35 to $0.67. For the next financial year, analysts forecast that the business will post earnings of $0.84 per share, with EPS estimates ranging from $0.74 to $0.96. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Tenaris.

Tenaris (NYSE:TS) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.09. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Tenaris had a return on equity of 2.77% and a net margin of 8.81%. The company’s revenue for the quarter was up 32.0% compared to the same quarter last year. During the same period last year, the firm earned $0.03 earnings per share.

Several equities analysts have issued reports on TS shares. Macquarie raised Tenaris from an “underperform” rating to a “neutral” rating in a report on Friday, November 17th. Loop Capital raised their price objective on Tenaris from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Cowen set a $28.00 price objective on Tenaris and gave the stock a “hold” rating in a report on Friday, October 6th. BidaskClub downgraded shares of Tenaris from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Finally, Berenberg Bank reiterated a “hold” rating and set a $30.00 target price on shares of Tenaris in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Tenaris has a consensus rating of “Hold” and a consensus target price of $35.39.

Tenaris (NYSE:TS) opened at $29.71 on Friday. The company has a market capitalization of $17,259.44, a price-to-earnings ratio of 53.16 and a beta of 0.65. Tenaris has a twelve month low of $25.91 and a twelve month high of $37.21.

The business also recently declared a dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 21st were given a dividend of $0.26 per share. The ex-dividend date was Monday, November 20th. Tenaris’s payout ratio is 72.22%.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can lifted its holdings in Tenaris by 0.7% in the 2nd quarter. Bank of Montreal Can now owns 26,608 shares of the industrial products company’s stock worth $829,000 after buying an additional 176 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Tenaris by 7.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,793 shares of the industrial products company’s stock valued at $274,000 after buying an additional 593 shares during the last quarter. D.A. Davidson & CO. grew its position in Tenaris by 15.0% in the 2nd quarter. D.A. Davidson & CO. now owns 7,742 shares of the industrial products company’s stock worth $241,000 after purchasing an additional 1,011 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Tenaris by 4.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 39,449 shares of the industrial products company’s stock worth $1,228,000 after purchasing an additional 1,646 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Tenaris by 3.7% in the 2nd quarter. SG Americas Securities LLC now owns 58,768 shares of the industrial products company’s stock worth $1,830,000 after purchasing an additional 2,088 shares during the last quarter. 26.94% of the stock is owned by hedge funds and other institutional investors.

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About Tenaris

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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Earnings History and Estimates for Tenaris (NYSE:TS)

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