Tenaris SA (NYSE:TS) – Stock analysts at Capital One Financial Corp. cut their FY2017 earnings per share (EPS) estimates for shares of Tenaris SA in a research report issued to clients and investors on Wednesday. Capital One Financial Corp. analyst J. Gibney now forecasts that the firm will post earnings per share of $0.41 for the year, down from their prior estimate of $0.46. Capital One Financial Corp. also issued estimates for Tenaris SA’s FY2018 earnings at $0.96 EPS.

TS has been the subject of several other reports. Simmons upgraded shares of Tenaris SA from a “neutral” rating to an “overweight” rating in a report on Tuesday, October 18th. Morgan Stanley upgraded shares of Tenaris SA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 14th. Piper Jaffray Cos. upgraded shares of Tenaris SA from a “neutral” rating to an “overweight” rating and set a $33.00 target price for the company in a report on Tuesday, October 18th. Zacks Investment Research upgraded shares of Tenaris SA from a “sell” rating to a “hold” rating in a report on Thursday, November 17th. Finally, Macquarie lowered shares of Tenaris SA from an “outperform” rating to an “underperform” rating in a report on Tuesday, November 22nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.86.

Earnings History and Estimates for Tenaris SA (NYSE:TS)

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Tenaris SA (NYSE:TS) opened at 30.39 on Monday. The stock’s market cap is $17.94 billion. The company has a 50-day moving average price of $29.61 and a 200 day moving average price of $28.02. Tenaris SA has a 1-year low of $18.53 and a 1-year high of $31.98.

Tenaris SA (NYSE:TS) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.05. Tenaris SA had a negative return on equity of 0.21% and a negative net margin of 0.52%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the business earned ($0.30) earnings per share. Tenaris SA’s revenue for the quarter was down 32.8% on a year-over-year basis.

The business also recently announced a dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Tuesday, November 22nd were given a $0.26 dividend. The ex-dividend date was Monday, November 21st. Tenaris SA’s dividend payout ratio (DPR) is presently -1,300.00%.

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Large investors have recently bought and sold shares of the company. Harding Loevner LP increased its stake in Tenaris SA by 3.7% in the third quarter. Harding Loevner LP now owns 15,270,498 shares of the company’s stock worth $433,683,000 after buying an additional 549,649 shares during the period. Westwood Global Investments LLC increased its stake in Tenaris SA by 3.4% in the second quarter. Westwood Global Investments LLC now owns 6,815,282 shares of the company’s stock worth $196,553,000 after buying an additional 221,758 shares during the period. Kiltearn Partners LLP increased its stake in Tenaris SA by 0.4% in the second quarter. Kiltearn Partners LLP now owns 4,300,300 shares of the company’s stock worth $124,021,000 after buying an additional 18,800 shares during the period. Van ECK Associates Corp increased its stake in Tenaris SA by 6.2% in the second quarter. Van ECK Associates Corp now owns 1,981,600 shares of the company’s stock worth $57,149,000 after buying an additional 115,366 shares during the period. Finally, Credit Suisse AG increased its stake in Tenaris SA by 103.5% in the second quarter. Credit Suisse AG now owns 1,657,121 shares of the company’s stock worth $47,792,000 after buying an additional 842,790 shares during the period. 16.10% of the stock is owned by institutional investors and hedge funds.

About Tenaris SA

Tenaris SA is a holding company, which is a supplier of steel pipe products and related services for energy industry and other industrial applications. The Company operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods used in drilling operations, and for other industrial applications with production processes.

5 Day Chart for NYSE:TS

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