Tenaris SA (NYSE: TS – Get Rated) — Equity Research analysts at Piper Sandler raised their first-quarter 2022 earnings per share for Tenaris stock in a report Monday, April 11 (EPS) estimate.Piper Sandler analyst I. Macpherson now expects the industrial products company to post earnings of $0.57 per share for the quarter, up from a previous forecast of $0.54.Piper Sandler also posted estimates of Tenaris’ second quarter 2022 EPS of $0.66, Q3 2022 EPS of $0.74, Q4 2022 EPS of $0.77, FY 2022 EPS of $2.73, 2023 EPS Estimated EPS of $0.82 in the first quarter of 2023 and $0.81 in the second quarter of 2023.
Tenaris (NYSE:TS – Get Rating) last reported quarterly earnings on Wednesday, February 16th.The industrial products company reported earnings per share (EPS) of $0.63 for the quarter, beating the Zacks Consensus Estimate of $0.46 by $0.17.The company’s revenue for the quarter was $2.06 billion, compared with analysts’ expectations of $2.01 billion.Tenaris had a net profit margin of 16.87% and a return on equity of 9.33%.
NYSE TS opened Tuesday at $31.26.The company has a 50-day simple moving average of $27.81 and a 200-day simple moving average of $24.15.Tenaris had a 12-month low of $18.80 and a 12-month high of $31.72.The company has a market cap of $18.45 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 0.57, and a beta of 1.63.The company’s quick ratio is 1.48, its current ratio is 3.19, and its debt-to-equity ratio is 0.01.
Hedge funds have recently bought and sold shares of the company.Marshall Wace LLP purchased the new Tenaris position in the fourth quarter for approximately $39,132,000.Point72 Asset Management LP increased its stake in Tenaris by 460.5% in the fourth quarter.Point72 Asset Management LP now owns 1,457,228 shares of the industrial products company’s stock, valued at $30,398,000, after purchasing an additional 1,197,251 shares in the previous quarter.Sourcerock Group LLC increased its stake in Tenaris by 281.9% in the fourth quarter.Sourcerock Group LLC now owns 1,478,580 shares of the industrial products company’s stock, valued at $30,843,000, after purchasing an additional 1,091,465 shares in the previous quarter.Westwood Global Investments LLC increased its holdings of Tenaris shares by 10.7% in the third quarter.Westwood Global Investments LLC now owns 9,214,157 shares in the industrial products company worth $194,511,000 after purchasing an additional 890,464 shares in the previous quarter.Finally, Millennium Management LLC increased its position in Tenaris stock by 70.2% in the fourth quarter.Millennium Management LLC now owns 1,715,582 shares of the industrial products company valued at $35,787,000 after purchasing an additional 707,390 shares in the previous quarter.Hedge funds and other institutional investors own 8.06% of the company.
Tenaris SA, through its subsidiaries, manufactures and sells seamless and welded steel pipe products; and provides 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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