Brokerages expect Tenneco Inc (NYSE:TEN) to announce earnings of $1.67 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Tenneco’s earnings, with the lowest EPS estimate coming in at $1.56 and the highest estimate coming in at $1.79. Tenneco reported earnings of $1.53 per share in the same quarter last year, which indicates a positive year over year growth rate of 9.2%. The business is scheduled to issue its next earnings results on Monday, May 7th.
According to Zacks, analysts expect that Tenneco will report full-year earnings of $7.48 per share for the current financial year, with EPS estimates ranging from $7.25 to $7.65. For the next year, analysts forecast that the company will post earnings of $8.31 per share, with EPS estimates ranging from $7.36 to $8.65. Zacks’ EPS averages are an average based on a survey of analysts that cover Tenneco.
Tenneco (NYSE:TEN) last posted its quarterly earnings results on Friday, February 9th. The auto parts company reported $1.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.25. Tenneco had a return on equity of 52.86% and a net margin of 2.22%. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the previous year, the business earned $1.67 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis.
Several research analysts have recently weighed in on TEN shares. Barclays restated a “buy” rating and issued a $74.00 price target on shares of Tenneco in a research note on Tuesday, January 9th. Guggenheim set a $70.00 price target on Tenneco and gave the stock a “buy” rating in a research note on Monday, February 12th. Royal Bank of Canada restated a “hold” rating and issued a $63.00 price target on shares of Tenneco in a research note on Friday, February 9th. ValuEngine cut Tenneco from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Finally, Wells Fargo & Co decreased their price target on Tenneco from $64.00 to $60.00 and set a “market perform” rating for the company in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $67.00.
In related news, insider Peng Guo sold 5,558 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $57.69, for a total transaction of $320,641.02. Following the completion of the sale, the insider now owns 87,957 shares in the company, valued at $5,074,239.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of TEN. GSA Capital Partners LLP grew its holdings in Tenneco by 6.7% during the third quarter. GSA Capital Partners LLP now owns 14,914 shares of the auto parts company’s stock valued at $905,000 after purchasing an additional 939 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Tenneco by 42.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,233 shares of the auto parts company’s stock valued at $189,000 after purchasing an additional 961 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in Tenneco by 3.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 28,130 shares of the auto parts company’s stock valued at $1,707,000 after purchasing an additional 1,037 shares during the period. Advisor Group Inc. grew its holdings in Tenneco by 83.1% during the third quarter. Advisor Group Inc. now owns 2,364 shares of the auto parts company’s stock valued at $143,000 after purchasing an additional 1,073 shares during the period. Finally, Baird Financial Group Inc. grew its holdings in Tenneco by 3.3% during the fourth quarter. Baird Financial Group Inc. now owns 37,243 shares of the auto parts company’s stock valued at $2,180,000 after purchasing an additional 1,186 shares during the period. Institutional investors own 94.15% of the company’s stock.
Tenneco (TEN) traded down $0.86 during mid-day trading on Monday, hitting $55.22. The stock had a trading volume of 433,048 shares, compared to its average volume of 547,688. Tenneco has a 52-week low of $50.73 and a 52-week high of $67.93. The company has a quick ratio of 0.85, a current ratio of 1.24 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $2,884.15, a PE ratio of 14.12, a P/E/G ratio of 0.60 and a beta of 1.91.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Tuesday, March 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Monday, March 5th. Tenneco’s dividend payout ratio (DPR) is presently 25.58%.
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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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