Tenaris S.A. (TS) to Issue Dividend of $1.20 on May 20th

Tenaris S.A. (NYSE:TS) declared a dividend on Wednesday, February 18th. Stockholders of record on Tuesday, May 19th will be given a dividend of 1.20 per share by the industrial products company on Wednesday, May 20th. This represents a dividend yield of 450.0%. The ex-dividend date is Tuesday, May 19th.

Tenaris has raised its dividend by an average of 0.2%per year over the last three years. Tenaris has a payout ratio of 70.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Tenaris to earn $4.01 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 59.9%.

Tenaris Trading Down 1.7%

NYSE:TS opened at $61.79 on Friday. Tenaris has a twelve month low of $32.00 and a twelve month high of $64.33. The company has a 50-day moving average of $58.73 and a 200-day moving average of $48.43. The firm has a market cap of $33.12 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 1.55 and a beta of 0.85.

Tenaris (NYSE:TS) last posted its quarterly earnings data on Thursday, May 7th. The industrial products company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.20. Tenaris had a net margin of 16.17% and a return on equity of 11.53%. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the firm posted $0.94 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, research analysts forecast that Tenaris will post 3.59 earnings per share for the current year.

Analyst Ratings Changes

TS has been the subject of several research reports. Wall Street Zen lowered shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Morgan Stanley restated an “underweight” rating and set a $53.00 price objective on shares of Tenaris in a research report on Thursday. Oddo Bhf upgraded shares of Tenaris to an “outperform” rating in a research report on Thursday, February 5th. TD Cowen restated a “buy” rating on shares of Tenaris in a research report on Wednesday, March 18th. Finally, Barclays upped their price objective on shares of Tenaris to $82.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Tenaris has an average rating of “Moderate Buy” and an average price target of $59.45.

Tenaris Company Profile

Tenaris SA is a global manufacturer and supplier of steel tubular products and related services, primarily serving the oil and gas industry as well as other energy and industrial markets. Its product portfolio centers on seamless and welded steel pipes used for casing, tubing and line pipe applications, alongside a range of specialty and mechanical steel tubes. The company also provides value‑added technical solutions, including premium connections, heat treatment and surface protection, to support drilling, completion and production activities.

Tenaris operates an integrated industrial and commercial network that combines manufacturing, distribution and field services.