Equities analysts expect that Tenneco Inc (NYSE:TEN) will announce $4.62 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Tenneco’s earnings. The lowest sales estimate is $4.44 billion and the highest is $4.80 billion. Tenneco reported sales of $2.57 billion during the same quarter last year, which would suggest a positive year over year growth rate of 79.8%. The company is expected to announce its next earnings report on Friday, April 26th.
According to Zacks, analysts expect that Tenneco will report full-year sales of $18.24 billion for the current financial year, with estimates ranging from $18.14 billion to $18.44 billion. For the next financial year, analysts forecast that the firm will post sales of $18.75 billion, with estimates ranging from $18.54 billion to $19.07 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Tenneco.
Tenneco (NYSE:TEN) last announced its earnings results on Thursday, March 14th. The auto parts company reported $1.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($0.16). Tenneco had a return on equity of 47.40% and a net margin of 0.50%. The business had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter last year, the firm earned $1.89 earnings per share. The firm’s quarterly revenue was up 78.9% compared to the same quarter last year.
TEN has been the subject of a number of analyst reports. KeyCorp initiated coverage on Tenneco in a report on Monday, December 10th. They issued a “sector weight” rating for the company. Deutsche Bank initiated coverage on Tenneco in a report on Thursday, December 13th. They issued a “hold” rating for the company. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $34.00 price target on shares of Tenneco in a report on Wednesday, December 19th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Tenneco presently has an average rating of “Hold” and a consensus target price of $45.00.
Tenneco stock traded down $1.51 during trading hours on Wednesday, hitting $24.48. 2,099,669 shares of the stock traded hands, compared to its average volume of 664,098. The company has a market cap of $1.48 billion, a PE ratio of 3.90, a PEG ratio of 0.36 and a beta of 2.04. Tenneco has a 1 year low of $24.42 and a 1 year high of $60.20. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.79 and a current ratio of 1.18.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Tuesday, March 5th will be issued a $0.25 dividend. The ex-dividend date is Monday, March 4th. This represents a $1.00 dividend on an annualized basis and a yield of 4.08%. Tenneco’s payout ratio is 15.92%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEN. Advisors Asset Management Inc. purchased a new stake in Tenneco during the 4th quarter worth approximately $27,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Tenneco in the fourth quarter valued at approximately $51,000. Resources Investment Advisors Inc. grew its position in shares of Tenneco by 621.3% in the fourth quarter. Resources Investment Advisors Inc. now owns 2,164 shares of the auto parts company’s stock valued at $59,000 after purchasing an additional 1,864 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Tenneco in the fourth quarter valued at approximately $173,000. Finally, Cerebellum GP LLC grew its position in shares of Tenneco by 68.6% in the fourth quarter. Cerebellum GP LLC now owns 6,777 shares of the auto parts company’s stock valued at $186,000 after purchasing an additional 2,757 shares in the last quarter. 87.45% of the stock is owned by institutional investors.
Tenneco Company Profile
Tenneco Inc designs, manufactures, and distributes clean air and ride performance products and systems for light vehicle, commercial truck, off-highway, and other vehicle applications worldwide. The company offers various vehicle emission control products and systems, including catalytic converters and diesel oxidation catalysts, diesel particulate filters, burner systems, lean nitrogen oxide (NOx) traps, hydrocarbon vaporizers and injectors, selective catalytic reduction (SCR) systems, SCR-coated diesel particulate filters systems, urea dosing systems, four-way catalysts, alternative NOx reduction technologies, mufflers and resonators, fabricated exhaust manifolds, pipes, hydroformed assemblies, elastomeric hangers and isolators, and after treatment control units.
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