Tenaris S.A. (NYSE:TS - Get Free Report) declared a Semi-Annual dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Tuesday, November 19th will be given a dividend of 0.54 per share by the industrial products company on Wednesday, November 20th. The ex-dividend date is Tuesday, November 19th.
Tenaris has raised its dividend by an average of 97.6% per year over the last three years. Tenaris has a dividend payout ratio of 46.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Tenaris to earn $3.14 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 51.0%.
Tenaris Stock Performance
TS traded down $0.45 during midday trading on Friday, hitting $36.97. The company had a trading volume of 2,099,910 shares, compared to its average volume of 1,978,068. Tenaris has a twelve month low of $27.24 and a twelve month high of $40.72. The firm's 50-day simple moving average is $31.04 and its 200-day simple moving average is $31.43. The company has a market capitalization of $21.49 billion, a PE ratio of 8.15 and a beta of 1.43.
Tenaris (NYSE:TS - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.18. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.76 billion. Tenaris had a return on equity of 15.42% and a net margin of 20.23%. As a group, sell-side analysts anticipate that Tenaris will post 3.23 EPS for the current fiscal year.
Analysts Set New Price Targets
TS has been the topic of a number of analyst reports. Stifel Nicolaus cut their price target on shares of Tenaris from $37.00 to $36.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. Piper Sandler dropped their target price on shares of Tenaris from $43.00 to $40.00 and set an "overweight" rating on the stock in a report on Monday, July 15th. Finally, StockNews.com lowered shares of Tenaris from a "buy" rating to a "hold" rating in a research note on Saturday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $38.67.
View Our Latest Stock Analysis on Tenaris
About Tenaris
(
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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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