Tenaris (NYSE:TS - Get Free Report) released its quarterly earnings data on Wednesday. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.31, Zacks reports. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.71 billion.
Tenaris Price Performance
Shares of NYSE TS traded down $0.90 during mid-day trading on Friday, reaching $37.72. 2,207,339 shares of the company traded hands, compared to its average volume of 1,485,310. The firm has a market cap of $21.93 billion, a PE ratio of 10.45 and a beta of 1.44. Tenaris has a fifty-two week low of $27.24 and a fifty-two week high of $40.72. The stock has a fifty day simple moving average of $38.33 and a 200-day simple moving average of $34.41.
Tenaris Increases Dividend
The business also recently declared a semi-annual dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Tuesday, May 20th will be paid a $0.56 dividend. This is a positive change from Tenaris's previous semi-annual dividend of $0.54. The ex-dividend date of this dividend is Tuesday, May 20th. Tenaris's dividend payout ratio is currently 29.92%.
Analyst Upgrades and Downgrades
TS has been the subject of several analyst reports. Piper Sandler assumed coverage on shares of Tenaris in a report on Thursday, December 19th. They set an "overweight" rating and a $48.00 price target for the company. Jefferies Financial Group raised shares of Tenaris from a "hold" rating to a "buy" rating and boosted their target price for the company from $35.00 to $47.00 in a research note on Monday, December 9th. Bank of America lowered shares of Tenaris from a "neutral" rating to an "underperform" rating in a research note on Wednesday, January 29th. StockNews.com upgraded Tenaris from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Kepler Capital Markets downgraded Tenaris from a "buy" rating to a "hold" rating in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Tenaris has a consensus rating of "Hold" and an average price target of $44.50.
Check Out Our Latest Analysis on Tenaris
Tenaris Company Profile
(
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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.
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