Media headlines about Tenneco (NYSE:TEN) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tenneco earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the auto parts company an impact score of 46.4805871719407 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Tenneco (NYSE:TEN) opened at $57.17 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.93 and a debt-to-equity ratio of 2.29. Tenneco has a fifty-two week low of $51.54 and a fifty-two week high of $70.96. The stock has a market capitalization of $2,949.83, a PE ratio of 8.45, a P/E/G ratio of 0.68 and a beta of 1.92.
Tenneco (NYSE:TEN) last announced its quarterly earnings results on Friday, October 27th. The auto parts company reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.08. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.24 billion. Tenneco had a return on equity of 54.13% and a net margin of 1.97%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.53 EPS. analysts anticipate that Tenneco will post 6.72 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Monday, December 4th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, December 1st. Tenneco’s dividend payout ratio is currently 30.21%.
Several brokerages have commented on TEN. Wells Fargo & Company decreased their target price on shares of Tenneco from $68.00 to $64.00 and set a “market perform” rating on the stock in a research report on Monday, October 30th. KeyCorp restated a “buy” rating and issued a $80.00 target price (up from $73.00) on shares of Tenneco in a report on Monday, October 30th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $67.70.
In other Tenneco news, VP John E. Kunz sold 9,573 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $57.00, for a total value of $545,661.00. Following the transaction, the vice president now owns 19,878 shares of the company’s stock, valued at $1,133,046. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider James D. Harrington sold 13,765 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $56.87, for a total value of $782,815.55. Following the completion of the transaction, the insider now directly owns 1,207 shares in the company, valued at approximately $68,642.09. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,216 shares of company stock worth $2,512,005. Company insiders own 2.70% of the company’s stock.
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Tenneco Company Profile
Tenneco Inc is a producer of clean air and ride performance products and systems for light vehicle, commercial truck, off-highway and other vehicle applications. The Company designs, manufactures and distributes highly engineered products for both original equipment vehicle manufacturers (OEMs) and the repair and replacement markets, or aftermarket, across the world.
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