Tenaris (TS) Projected to Post Quarterly Earnings on Wednesday

Tenaris (NYSE:TS) is projected to announce its earnings results before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.63 per share and revenue of $2.71 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Tenaris Trading Down 0.9 %

Shares of Tenaris stock opened at $39.43 on Wednesday. Tenaris has a 12-month low of $27.24 and a 12-month high of $40.72. The company has a market cap of $22.93 billion, a P/E ratio of 8.59 and a beta of 1.44. The company’s fifty day simple moving average is $38.29 and its two-hundred day simple moving average is $34.00.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TS. StockNews.com lowered Tenaris from a “buy” rating to a “hold” rating in a research report on Tuesday. Piper Sandler started coverage on shares of Tenaris in a report on Thursday, December 19th. They issued an “overweight” rating and a $48.00 target price for the company. Bank of America downgraded shares of Tenaris from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 29th. Kepler Capital Markets downgraded shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Finally, Jefferies Financial Group raised Tenaris from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $47.00 in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Tenaris has a consensus rating of “Hold” and an average target price of $42.75.

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.