Tenaris (NYSE:TS) Posts Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Tenaris (NYSE:TS) posted its quarterly earnings results on Wednesday. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.20, Zacks reports. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.99 billion. Tenaris had a return on equity of 11.60% and a net margin of 16.17%.The business’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 EPS.

Tenaris Stock Down 5.7%

TS opened at $58.89 on Friday. The firm has a market capitalization of $31.57 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 2.20 and a beta of 0.85. The stock’s 50 day moving average price is $57.76 and its two-hundred day moving average price is $47.40. Tenaris has a 12-month low of $32.00 and a 12-month high of $64.33.

Tenaris Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Tuesday, May 19th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a yield of 450.0%. Tenaris’s dividend payout ratio (DPR) is 31.78%.

Wall Street Analyst Weigh In

TS has been the topic of several research reports. Barclays raised Tenaris from an “overweight” rating to a “positive” rating and set a $78.00 price target on the stock in a research report on Thursday. The Goldman Sachs Group reissued a “neutral” rating and set a $49.70 price target on shares of Tenaris in a research report on Monday, February 23rd. TD Cowen reaffirmed a “buy” rating on shares of Tenaris in a research report on Wednesday, March 18th. Piper Sandler increased their target price on Tenaris from $42.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Finally, Morgan Stanley increased their target price on Tenaris from $40.00 to $50.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 15th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.28.

Key Headlines Impacting Tenaris

Here are the key news stories impacting Tenaris this week:

• Positive Sentiment: Q1 results beat expectations: Revenue $3.10B (+6% YoY), net income $564M, EPS ~$1.07 and meaningful free cash flow (~$503M). Balance sheet strength (net cash around $3.8B) and improved profitability metrics underpin fundamentals and justify analyst confidence. Tenaris Announces 2026 First Quarter Results
• Neutral Sentiment: Board named longtime executive Gabriel Podskubka as CEO while Paolo Rocca will remain Chairman — a planned succession that preserves continuity but removes Rocca from day?to?day CEO duties. This lessens operational disruption but raises questions about any strategic shifts under the new CEO. Tenaris Announces CEO succession
• Neutral Sentiment: Company outlook: management flagged lower shipments in Q2 due to Middle East disruptions (Strait of Hormuz closure) and higher logistics/fixed-cost absorption pressures, but expects a recovery in H2 if the strait reopens. This tempers near-term upside despite strong Q1. Q1 results & outlook
• Negative Sentiment: Political/governance risk: coverage reports Paolo Rocca stepped down as Tenaris CEO amid tensions with Argentine President Javier Milei — a development that could prompt investor concern about political interference, reputational risk and potential boardroom instability even though Rocca remains chairman. Markets often punish political/leadership uncertainty. Paolo Rocca steps down as Tenaris chief after tensions with Milei

Institutional Trading of Tenaris

Several institutional investors have recently modified their holdings of TS. AQR Capital Management LLC grew its holdings in shares of Tenaris by 14.3% during the 1st quarter. AQR Capital Management LLC now owns 23,662 shares of the industrial products company’s stock worth $925,000 after purchasing an additional 2,969 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Tenaris during the 1st quarter worth approximately $203,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Tenaris during the 1st quarter worth approximately $5,458,000. JPMorgan Chase & Co. grew its holdings in shares of Tenaris by 77.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,877 shares of the industrial products company’s stock worth $631,000 after purchasing an additional 7,363 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Tenaris by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 8,387 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 338 shares in the last quarter. Institutional investors and hedge funds own 10.45% of the company’s stock.

About Tenaris

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.