Wall Street analysts expect Tenaris SA (NYSE: TS – Get Rating) to report sales of $2.66 billion this quarter, according to Zacks Investment Research.Tenaris’ earnings were forecast by six analysts, with a top estimate of $2.75 billion in sales and a low of $2.51 billion.Tenaris’ sales in the same quarter last year were $1.53 billion, an increase of 73.9% year over year.The company plans to report its next earnings report on Monday, January 1.
On average, analysts expect Tenaris to report full-year sales of $10.71 billion for the year, with estimates ranging from $9.97 billion to $11.09 billion.Analysts expect the business to generate $11.38 billion in sales next year, with estimates ranging from $10.07 billion to $12.64 billion.The Zacks Sales Average is an average based on a survey of Tenaris’ research analysts.
Tenaris (NYSE: TS – Get Rating) last reported its earnings results on Wednesday, April 27.The industrial products company reported earnings per share of $0.85 for the quarter, beating analysts’ consensus estimate of $0.68 by $0.17.Tenaris had a net profit margin of 19.42% and a return on equity of 12.38%.The company’s revenue for the quarter was $2.37 billion, compared with analysts’ estimates of $2.35 billion.
Some institutional investors and hedge funds have overweight or underweight TS recently.Tcwp LLC bought a new position in Tenaris for about $36,000 in the first quarter.Lindbrook Capital LLC increased its holdings in Tenaris by 88.1% in the fourth quarter.Lindbrook Capital LLC now owns 2,082 shares of the industrial products company’s stock, valued at $43,000, after purchasing an additional 975 shares during this period.Ellevest Inc. increased its holdings in Tenaris by 27.8% in the fourth quarter.Ellevest Inc. now owns 2,091 shares of the industrial products company, valued at $44,000, after purchasing an additional 455 shares during this period.RBC increased its stake in Tenaris by 123.4% in the second quarter.RBC now owns 2,140 shares worth $48,000 in the industrial products company after purchasing an additional 1,182 shares during the period.Finally, Bessemer Group Inc. increased its holdings in Tenaris by 194.7% in the fourth quarter.Bessemer Group Inc. now owns 2,405 shares of the industrial products company valued at $50,000 after purchasing an additional 1,589 shares during the period.8.47% of the stock is held by institutional investors.
TS opened Friday at $34.14.Tenaris had a 52-week low of $18.80 and a 52-week high of $34.76.The company has a market cap of $20.15 billion, a price-to-earnings ratio of 13.44, a price-to-earnings ratio of 0.35, and a beta of 1.50.The company’s 50-day moving average is $31.53 and its 200-day moving average is $26.54.
The company also recently announced a semi-annual dividend, which was paid on Wednesday, June 1.Shareholders of record on Tuesday, May 24 received a dividend of $0.56 per share.The ex-dividend date for this dividend is Monday, May 23.Tenaris’ current payout ratio is 44.09%.
Tenaris SA and its subsidiaries manufacture and sell seamless and welded steel pipe products; and provide related services to the oil and gas industry and other industrial applications.The company provides steel casing, tubing products, mechanical and structural tubing, cold drawn tubing, and premium fittings and fittings; coiled tubing products for oil and gas drilling and workover and subsea pipelines; and umbilical products; and tubular fittings.
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