Tenaris S.A. Declares Semi-Annual Dividend of $0.54 (NYSE:TS)

Tenaris S.A. (NYSE:TS) announced a Semi-Annual dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Tuesday, November 19th will be paid a dividend of 0.54 per share by the industrial products company on Wednesday, November 20th. The ex-dividend date is Tuesday, November 19th.

Tenaris has increased its dividend by an average of 97.6% per year over the last three years. Tenaris has a payout ratio of 46.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tenaris to earn $3.14 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 51.0%.

Tenaris Price Performance

Shares of TS opened at $36.81 on Friday. The firm’s 50 day simple moving average is $31.04 and its 200 day simple moving average is $31.43. The company has a market capitalization of $21.40 billion, a P/E ratio of 8.15 and a beta of 1.43. Tenaris has a 1-year low of $27.24 and a 1-year high of $40.72.

Tenaris (NYSE:TS) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.18. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.76 billion. Tenaris had a net margin of 20.23% and a return on equity of 15.42%. On average, equities analysts anticipate that Tenaris will post 3.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on TS. StockNews.com downgraded shares of Tenaris from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. Piper Sandler decreased their price target on shares of Tenaris from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, July 15th. Finally, Stifel Nicolaus decreased their price target on shares of Tenaris from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Tenaris presently has an average rating of “Hold” and a consensus target price of $38.67.

Tenaris Company Profile

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.