The stock of Tenaris S.A. (NYSE:TS) decreased by -$0.51 on Tuesday to finish at $32.16, down -1.56 percent. The last five days have seen an average of 1,682,580 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$3.00. The average number of shares traded over the last 20 days was 1,607,810, while the average volume over the last 50 days totaled 1,887,450.
TS stock dropped -3.57% since last month. On 09/07/23, the company’s shares reached a one-month low of $31.39. The stock touched a high of $38.00 on 01/18/23, after rallying from a low of $23.95 in 52 weeks. The price of TS stock has declined by -8.53% or -$3.00 this year, reaching a new high 4 times. Still, the stock price is down -15.37% from the 52-week high.
Valuation Metrics
Tenaris S.A. (TS) has a trailing price-to-earnings (P/E) ratio of 5.18. Beta for the stock is 1.51. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.30, the price-to-book (PB) ratio of 1.21, and the price-to-cash flow ratio of 7.68.
Company paid $0.68 per share in dividends, an increase of 100.0% from $0.34 last year. A $0.34 dividend increase was reported on Friday April 28 2023.
Financial Health
For the three months ended June 29, Tenaris S.A.’s quick ratio was 2.20, while its current ratio was 3.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.01, and the total debt to equity ratio is 0.05. As far as profitability goes, gross margin for the trailing twelve months is 43.20% percent. Tenaris S.A.’s operating margin stood at 30.00% for the same period. Based on annual data, it had gross profit of $4.67 billion and revenue of $11.76 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TS’s return on assets (ROA) during the last 12 months has been 20.30%. There was a 15.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 25.40%.
Earnings Surprise
According to Tenaris S.A.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $11.76 billion, while revenues rose by 44.56% to $0.0. It was predicted that Tenaris S.A.’s quarterly earnings would be $1.9, but it ended up being $1.61, beating the consensus by 18.00%. EBITDA was $1.41 billion for the quarter. At the end of Tenaris S.A.’s most recent quarter ended June 29, its liabilities totaled 3.47 billion, while its total debt was $811.33 million.
Technical Picture
Here’s a quick look at Tenaris S.A.’s (TS) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 44.81%, suggesting the stock is Neutral, with a 21.06% historical volatility rate.
The stochastic %K and %D were 50.08% and 55.30% respectively, while the average true range (ATR) was 0.65. Based on the 14-day stochastic reading of 35.16%, the RSI (14) reading is 46.84%. On the 9-day MACD Oscillator, the stock is at 0.20, and the 14-day reading is at 0.19.
Analyst Ratings
In its analyst report released on June 29, 2023, Jefferies began covering Tenaris S.A. (NYSE: TS). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Tenaris S.A. (TS) an Overweight rating. TS is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 10 others recommend it as a buy.
What is TS’s price target for the next 12 months?
The current consensus forecast for the stock is between $30.61 and $50.00, with a median target price of $40.95. In analyzing these forecasts, the average price target given by analysts for Tenaris S.A. (TS) is $40.57.
