FY2018 EPS Estimates for Tenaris S.A. (TS) Lowered by Analyst

Tenaris S.A. (NYSE:TS) – Stock analysts at Capital One Financial Corporation lowered their FY2018 earnings estimates for shares of Tenaris in a report issued on Monday. Capital One Financial Corporation analyst J. Gibney now anticipates that the industrial products company will post earnings of $0.75 per share for the year, down from their previous forecast of $0.78.

Several other equities analysts also recently weighed in on the company. Cowen and Company set a $28.00 price target on Tenaris and gave the company a “hold” rating in a report on Friday, October 6th. BidaskClub downgraded Tenaris from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Berenberg Bank restated a “hold” rating and set a $30.00 price target on shares of Tenaris in a report on Monday, August 7th. Scotiabank set a $40.00 price target on Tenaris and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded Tenaris from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $35.35.

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Tenaris (TS) traded down 0.44% during trading on Wednesday, reaching $27.13. 720,493 shares of the company’s stock were exchanged. The stock has a market cap of $16.01 billion, a PE ratio of 48.45 and a beta of 0.66. The firm has a 50 day moving average of $27.93 and a 200-day moving average of $30.33. Tenaris has a 12 month low of $26.48 and a 12 month high of $37.21.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TS. BNP Paribas Arbitrage SA increased its holdings in Tenaris by 41.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,200 shares of the industrial products company’s stock worth $280,000 after buying an additional 2,400 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Tenaris by 1.8% in the 1st quarter. Ameriprise Financial Inc. now owns 33,999 shares of the industrial products company’s stock worth $1,161,000 after buying an additional 608 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Tenaris by 1,187.5% in the 1st quarter. JPMorgan Chase & Co. now owns 6,502 shares of the industrial products company’s stock worth $222,000 after buying an additional 5,997 shares in the last quarter. Vanguard Group Inc. increased its holdings in Tenaris by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 323,032 shares of the industrial products company’s stock worth $11,028,000 after buying an additional 8,964 shares in the last quarter. Finally, Morgan Stanley increased its holdings in Tenaris by 48.4% in the 1st quarter. Morgan Stanley now owns 119,568 shares of the industrial products company’s stock worth $4,082,000 after buying an additional 39,002 shares in the last quarter. Institutional investors own 15.97% of the company’s stock.

Tenaris Company Profile

Tenaris SA is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It 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 (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products.

Earnings History and Estimates for Tenaris (NYSE:TS)

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