Jefferies Financial Group Equities Analysts Increase Earnings Estimates for Tenaris S.A. (NYSE:TS)

Tenaris S.A. (NYSE:TSGet Rating) – Analysts at Jefferies Financial Group raised their FY2022 earnings estimates for shares of Tenaris in a research report issued to clients and investors on Thursday, April 21st. Jefferies Financial Group analyst A. Spence now forecasts that the industrial products company will post earnings of $2.89 per share for the year, up from their previous estimate of $2.69. Jefferies Financial Group also issued estimates for Tenaris’ FY2023 earnings at $2.73 EPS.

Several other equities analysts also recently weighed in on the stock. StockNews.com initiated coverage on shares of Tenaris in a report on Thursday, March 31st. They set a “buy” rating on the stock. Exane BNP Paribas raised shares of Tenaris from a “neutral” rating to an “outperform” rating and set a €13.00 ($13.98) price target on the stock in a report on Wednesday, January 26th. Credit Suisse Group lifted their price target on shares of Tenaris from €8.20 ($8.82) to €8.80 ($9.46) and gave the company an “underperform” rating in a report on Monday, April 4th. Wolfe Research upgraded shares of Tenaris from an “underperform” rating to a “peer perform” rating and lifted their price objective for the company from $38.00 to $43.00 in a research report on Monday, March 14th. Finally, BNP Paribas upgraded shares of Tenaris from a “neutral” rating to an “outperform” rating and set a $13.00 price objective on the stock in a research report on Wednesday, January 26th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Tenaris currently has an average rating of “Buy” and a consensus target price of $26.42.

TS opened at $30.83 on Friday. The company has a current ratio of 3.19, a quick ratio of 1.48 and a debt-to-equity ratio of 0.01. The company has a market cap of $18.20 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 0.58 and a beta of 1.63. The company’s 50 day moving average is $28.94 and its 200 day moving average is $24.81. Tenaris has a 12-month low of $18.80 and a 12-month high of $33.28.

Tenaris (NYSE:TSGet Rating) last posted its quarterly earnings data on Wednesday, February 16th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.01 billion. Tenaris had a net margin of 16.87% and a return on equity of 9.33%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Westwood Global Investments LLC boosted its stake in shares of Tenaris by 10.7% during the third quarter. Westwood Global Investments LLC now owns 9,214,157 shares of the industrial products company’s stock valued at $194,511,000 after purchasing an additional 890,464 shares during the period. Artisan Partners Limited Partnership lifted its stake in Tenaris by 4.3% in the third quarter. Artisan Partners Limited Partnership now owns 3,309,458 shares of the industrial products company’s stock worth $69,863,000 after acquiring an additional 135,414 shares during the period. Marshall Wace LLP purchased a new stake in Tenaris in the fourth quarter worth about $39,132,000. Millennium Management LLC lifted its stake in Tenaris by 70.2% in the fourth quarter. Millennium Management LLC now owns 1,715,582 shares of the industrial products company’s stock worth $35,787,000 after acquiring an additional 707,390 shares during the period. Finally, SIR Capital Management L.P. lifted its stake in Tenaris by 22.7% in the fourth quarter. SIR Capital Management L.P. now owns 1,527,004 shares of the industrial products company’s stock worth $31,853,000 after acquiring an additional 282,688 shares during the period. 8.06% of the stock is owned by hedge funds and other institutional investors.

About Tenaris (Get Rating)

Tenaris SA, through its subsidiaries, produces and sells seamless and welded steel tubular products; and provides related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, cold-drawn pipes, and premium joints and couplings; coiled tubing products for oil and gas drilling and workovers, and subsea pipelines; and umbilical tubing products; and tubular accessories.

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Earnings History and Estimates for Tenaris (NYSE:TS)

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