Wall Street analysts forecast that Tenneco Inc (NYSE:TEN) will announce earnings of $2.07 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Tenneco’s earnings, with the lowest EPS estimate coming in at $1.94 and the highest estimate coming in at $2.18. Tenneco reported earnings of $1.90 per share in the same quarter last year, which would suggest a positive year over year growth rate of 8.9%. The business is expected to issue its next earnings results on Friday, July 27th.
According to Zacks, analysts expect that Tenneco will report full-year earnings of $7.46 per share for the current year, with EPS estimates ranging from $7.05 to $7.90. For the next financial year, analysts anticipate that the firm will post earnings of $8.20 per share, with EPS estimates ranging from $7.46 to $9.60. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Tenneco.
Tenneco (NYSE:TEN) last announced its quarterly earnings results on Friday, April 27th. The auto parts company reported $1.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by ($0.11). The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.42 billion. Tenneco had a return on equity of 50.58% and a net margin of 2.10%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.46 earnings per share.
Shares of TEN stock traded down $0.17 during trading hours on Friday, reaching $45.31. The company had a trading volume of 874,619 shares, compared to its average volume of 462,851. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.88 and a current ratio of 1.25. Tenneco has a twelve month low of $43.48 and a twelve month high of $65.59. The firm has a market cap of $2.34 billion, a P/E ratio of 6.58, a price-to-earnings-growth ratio of 0.45 and a beta of 1.79.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 22nd. Investors of record on Tuesday, June 5th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Monday, June 4th. Tenneco’s dividend payout ratio is currently 14.51%.
In other Tenneco news, CEO Brian J. Kesseler purchased 21,500 shares of Tenneco stock in a transaction that occurred on Friday, May 11th. The stock was purchased at an average price of $46.63 per share, with a total value of $1,002,545.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.95% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of TEN. BlackRock Inc. lifted its holdings in Tenneco by 7.7% during the 1st quarter. BlackRock Inc. now owns 5,154,105 shares of the auto parts company’s stock worth $282,806,000 after buying an additional 370,340 shares during the last quarter. Lyrical Asset Management LP raised its position in shares of Tenneco by 4.2% during the 4th quarter. Lyrical Asset Management LP now owns 2,428,413 shares of the auto parts company’s stock worth $142,159,000 after purchasing an additional 97,943 shares during the period. Boston Partners raised its position in shares of Tenneco by 18.7% during the 1st quarter. Boston Partners now owns 1,460,389 shares of the auto parts company’s stock worth $80,131,000 after purchasing an additional 229,659 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Tenneco by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,282,938 shares of the auto parts company’s stock worth $70,395,000 after purchasing an additional 16,861 shares during the period. Finally, LSV Asset Management raised its position in shares of Tenneco by 22.3% during the 1st quarter. LSV Asset Management now owns 998,853 shares of the auto parts company’s stock worth $54,807,000 after purchasing an additional 182,095 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.
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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