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

Shares of Tenaris S.A. (NYSE:TS) gapped up prior to trading on Thursday after the company announced better than expected quarterly earnings. 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 changing hands.

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

Tenaris Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, May 20th. Investors of record on Tuesday, May 19th will be given a dividend of $1.20 per share. This represents a yield of 450.0%. The ex-dividend date is Tuesday, May 19th. Tenaris’s dividend payout ratio (DPR) is presently 31.78%.

Key Stories Impacting Tenaris

Here are the key news stories impacting Tenaris this week:

• Positive Sentiment: Q4 beat and strong cash generation — Tenaris reported Q4 EPS of $0.87 vs. $0.76 consensus and revenue of ~$3.0B; free cash flow was $665M and net cash ended the year at ~$3.3B, supporting buybacks and payouts. Tenaris Announces 2025 Fourth Quarter and Annual Results
• Positive Sentiment: Dividend lift and distribution clarity — board proposed a $0.89 annual dividend per share (incl. interim $0.29) and declared an ADS dividend schedule (May payment), signaling shareholder returns are a priority. Tenaris outlines stable Q1 2026 outlook with 7% dividend increase and offshore growth opportunities
• Positive Sentiment: Analyst support — TD Cowen raised its price target to $59 and assigned a Buy, providing fresh upside relative to current levels and reinforcing the earnings/cash-flow story. Tenaris price target raised by TD Cowen
• Positive Sentiment: Near-term market reaction — multiple outlets noted an initial rally after the results and payout news as investors cheered the beat and buybacks. Tenaris SA ADR rallies after surprise move
• Neutral Sentiment: Guidance is conservative — Tenaris expects Q1 2026 sales and margins to remain close to current levels (stable, not accelerating), leaving limited upside from guidance alone. Tenaris Q4 2025 Earnings Call Highlights
• Negative Sentiment: Year-over-year softness and margin pressure — 2025 sales fell ~4% vs. 2024 and operating income/EBITDA were down; the company called out the ongoing impact of U.S. Section 232 tariffs and higher costs. Tenaris Announces Fourth Quarter and Annual 2025 Financial Results
• Negative Sentiment: Operational/region-specific headwinds — declines in Europe and parts of South America, plus elevated SG&A provisions, temper the beat and leave execution risks. Tenaris shares jump as strong Q4 earnings beat lifts outlook confidence

Analysts Set New Price Targets

A number of research firms have recently weighed in on TS. TD Cowen increased their price objective on Tenaris from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley set a $38.00 price target on shares of Tenaris and gave the company an “underweight” rating in a report on Wednesday, January 21st. Stifel Nicolaus increased their price target on shares of Tenaris from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Wall Street Zen lowered shares of Tenaris from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tenaris in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $45.43.

Institutional Trading of Tenaris

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in Tenaris by 514.6% during the 4th quarter. Invesco Ltd. now owns 546,204 shares of the industrial products company’s stock valued at $21,002,000 after purchasing an additional 457,332 shares during the last quarter. XTX Topco Ltd boosted its position in Tenaris by 735.7% in the fourth quarter. XTX Topco Ltd now owns 101,844 shares of the industrial products company’s stock valued at $3,916,000 after buying an additional 89,657 shares during the last quarter. Wellington Management Group LLP boosted its position in Tenaris by 25.6% in the fourth quarter. Wellington Management Group LLP now owns 2,682,137 shares of the industrial products company’s stock valued at $103,128,000 after buying an additional 546,144 shares during the last quarter. Corigliano Investment Advisers LLC acquired a new position in Tenaris in the 4th quarter worth approximately $6,064,000. Finally, Balyasny Asset Management L.P. purchased a new position in Tenaris during the 4th quarter worth approximately $8,804,000. Institutional investors and hedge funds own 10.45% of the company’s stock.

Tenaris Stock Performance

The firm’s 50 day simple moving average is $43.04 and its 200 day simple moving average is $39.27. The firm has a market capitalization of $30.39 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 14.21 and a beta of 0.95.

About Tenaris

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.