Tenaris (TS) Scheduled to Post Quarterly Earnings on Wednesday

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

Tenaris (NYSE:TS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.38). The business had revenue of $3.32 billion for the quarter, compared to analysts' expectations of $170.13 million. Tenaris had a return on equity of 16.12% and a net margin of 20.41%. Tenaris's revenue was down 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.90 EPS. 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 1.0 %

Shares of Tenaris stock traded up $0.32 during midday trading on Wednesday, hitting $32.68. The company had a trading volume of 1,325,996 shares, compared to its average volume of 1,970,192. The stock has a market cap of $19.00 billion, a price-to-earnings ratio of 6.97 and a beta of 1.43. Tenaris has a 12-month low of $27.24 and a 12-month high of $40.72. The company has a fifty day simple moving average of $30.38 and a 200 day simple moving average of $31.57.

Analyst Upgrades and Downgrades

TS has been the topic of several research reports. Piper Sandler cut their target price on Tenaris from $43.00 to $40.00 and set an "overweight" rating on the stock in a research report on Monday, July 15th. StockNews.com lowered Tenaris from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Stifel Nicolaus decreased their target price on Tenaris from $37.00 to $36.00 and set a "buy" rating for the company in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $38.67.

Tenaris Company Profile

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.