Trading Report: The Tenaris SA Forecasted to Post FY2017 Earnings of $0.41 Per Share (TS)

The Tenaris SA Forecasted to Post FY2017 Earnings of $0.41 Per Share (TS)

Tenaris SA (NYSE:TS) – Investment analysts at Capital One Financial Corp. reduced their FY2017 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 anticipates that the firm will post earnings per share of $0.41 for the year, down from their previous estimate of $0.46. Capital One Financial Corp. also issued estimates for Tenaris SA’s FY2018 earnings at $0.96 EPS.

Several other equities research analysts have also weighed in on the company. Piper Jaffray Cos. upgraded Tenaris SA from a “neutral” rating to an “overweight” rating and set a $33.00 price objective on the stock in a research note on Tuesday, October 18th. Morgan Stanley raised Tenaris SA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 14th. Berenberg Bank began coverage on Tenaris SA in a report on Tuesday, October 11th. They issued a “hold” rating on the stock. Zacks Investment Research raised Tenaris SA from a “sell” rating to a “hold” rating in a report on Thursday, November 17th. Finally, Macquarie downgraded Tenaris SA from an “outperform” rating to an “underperform” rating in a report on Tuesday, November 22nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $29.86.

Tenaris SA (NYSE:TS) opened at 31.31 on Monday. The company has a 50 day moving average price of $29.57 and a 200-day moving average price of $27.96. Tenaris SA has a one year low of $18.53 and a one year high of $31.98. The firm’s market capitalization is $18.48 billion.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in Tenaris SA by 105.6% in the third quarter. JPMorgan Chase & Co. now owns 3,831 shares of the company’s stock worth $109,000 after buying an additional 72,569 shares during the period. Advisor Group Inc. bought a new position in Tenaris SA during the second quarter worth $117,000. Kernodle & Katon Asset Management Group LLC bought a new position in Tenaris SA during the third quarter worth $129,000. BOKF NA increased its position in Tenaris SA by 9,446.0% in the second quarter. BOKF NA now owns 4,773 shares of the company’s stock worth $138,000 after buying an additional 4,723 shares during the period. Finally, Independent Portfolio Consultants Inc. increased its position in Tenaris SA by 684.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,650 shares of the company’s stock worth $163,000 after buying an additional 4,930 shares during the period. 16.10% of the stock is currently owned by institutional investors.

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

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