Tenneco Inc. (NYSE:TEN) will post its quarterly earnings results before the market opens on Friday, October 27th. Analysts expect Tenneco to post earnings of $1.58 per share for the quarter.
Tenneco (NYSE:TEN) last posted its earnings results on Friday, July 28th. The auto parts company reported $1.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.10. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.26 billion. Tenneco had a net margin of 3.17% and a return on equity of 54.06%. Tenneco’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.78 earnings per share. On average, analysts expect Tenneco to post $6.68 EPS for the current fiscal year and $7.37 EPS for the next fiscal year.
Shares of Tenneco Inc. (NYSE:TEN) opened at 64.76 on Wednesday. Tenneco Inc. has a 12-month low of $51.09 and a 12-month high of $70.96. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 12.60 and a beta of 1.85. The stock’s 50 day moving average is $59.81 and its 200-day moving average is $57.60.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Monday, December 4th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.54%. Tenneco’s dividend payout ratio is presently 19.72%.
In other Tenneco news, VP John E. Kunz sold 11,602 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $55.35, for a total value of $642,170.70. Following the completion of the sale, the vice president now directly owns 31,915 shares of the company’s stock, valued at approximately $1,766,495.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Gregg M. Sherrill sold 27,443 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $54.67, for a total transaction of $1,500,308.81. Following the completion of the sale, the insider now directly owns 229,043 shares of the company’s stock, valued at $12,521,780.81. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,261 shares of company stock valued at $4,654,484. 2.70% of the stock is owned by corporate insiders.
A number of equities analysts recently commented on the stock. ValuEngine raised shares of Tenneco from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $71.00 price target on shares of Tenneco in a research note on Thursday, July 6th. BidaskClub cut shares of Tenneco from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $62.00 price target (down from $67.00) on shares of Tenneco in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $66.63.
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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