Tenaris (TS) Scheduled to Post Earnings on Wednesday

Tenaris (NYSE:TS - Get Free Report) is set to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Tenaris to post earnings of $0.57 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Tenaris (NYSE:TS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.38). Tenaris had a net margin of 20.41% and a return on equity of 16.12%. The firm had revenue of $3.32 billion for the quarter, compared to analysts' expectations of $170.13 million. During the same period in the prior year, the company posted $1.90 earnings per share. Tenaris's quarterly revenue was down 18.5% compared to the same quarter last year. On average, analysts expect Tenaris to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Tenaris Stock Up 1.1 %

Shares of Tenaris stock traded up $0.35 during trading on Wednesday, hitting $32.71. The stock had a trading volume of 470,441 shares, compared to its average volume of 1,966,118. Tenaris has a 1 year low of $27.24 and a 1 year high of $40.72. The stock has a 50 day simple moving average of $30.38 and a 200 day simple moving average of $31.57. The company has a market capitalization of $19.02 billion, a PE ratio of 6.90 and a beta of 1.43.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TS shares. Stifel Nicolaus lowered their price target on Tenaris from $37.00 to $36.00 and set a "buy" rating on the stock in a report on Friday, October 11th. Piper Sandler lowered their price objective on shares of Tenaris from $43.00 to $40.00 and set an "overweight" rating on the stock in a research report on Monday, July 15th. Finally, StockNews.com downgraded shares of Tenaris from a "buy" rating to a "hold" rating in a research report on Saturday. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $38.67.

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.