$1.11 EPS Expected for Tenneco Inc (NYSE:TEN) This Quarter

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Equities research analysts expect Tenneco Inc (NYSE:TEN) to announce earnings of $1.11 per share for the current quarter, according to Zacks. Five analysts have provided estimates for Tenneco’s earnings. The lowest EPS estimate is $0.96 and the highest is $1.25. Tenneco reported earnings of $1.70 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 34.7%. The business is expected to issue its next quarterly earnings results on Friday, October 25th.

On average, analysts expect that Tenneco will report full-year earnings of $3.99 per share for the current year, with EPS estimates ranging from $3.79 to $4.19. For the next year, analysts expect that the company will post earnings of $4.80 per share, with EPS estimates ranging from $3.64 to $6.70. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Tenneco.

Tenneco (NYSE:TEN) last released its quarterly earnings data on Tuesday, August 6th. The auto parts company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.93 by $0.27. Tenneco had a negative net margin of 0.90% and a positive return on equity of 20.87%. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same quarter in the prior year, the firm earned $1.92 EPS. The business’s revenue was up 76.7% on a year-over-year basis.

TEN has been the topic of a number of recent research reports. UBS Group lowered their price target on shares of Tenneco from $28.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Morgan Stanley upgraded shares of Tenneco from an “underweight” rating to an “equal weight” rating and set a $9.00 target price on the stock in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Tenneco has an average rating of “Hold” and an average price target of $24.25.

In other news, Director Dennis J. Letham bought 10,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of $9.26 per share, for a total transaction of $92,600.00. Following the acquisition, the director now directly owns 47,233 shares of the company’s stock, valued at approximately $437,377.58. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brandon B. Smith bought 20,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was purchased at an average price of $9.48 per share, for a total transaction of $189,600.00. Following the completion of the acquisition, the senior vice president now directly owns 25,129 shares in the company, valued at $238,222.92. The disclosure for this purchase can be found here. Insiders acquired a total of 90,000 shares of company stock worth $848,600 over the last quarter. 3.30% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Private Management Group Inc. lifted its holdings in Tenneco by 8.4% in the first quarter. Private Management Group Inc. now owns 653,983 shares of the auto parts company’s stock worth $14,492,000 after purchasing an additional 50,583 shares during the period. GAM Holding AG increased its stake in Tenneco by 52.9% during the first quarter. GAM Holding AG now owns 25,732 shares of the auto parts company’s stock valued at $570,000 after purchasing an additional 8,901 shares during the last quarter. Bailard Inc. bought a new stake in Tenneco during the first quarter valued at $266,000. Bartlett & Co. LLC bought a new stake in Tenneco during the first quarter valued at $44,000. Finally, FMR LLC increased its stake in Tenneco by 38.2% during the fourth quarter. FMR LLC now owns 153,554 shares of the auto parts company’s stock valued at $4,206,000 after purchasing an additional 42,406 shares during the last quarter. Institutional investors own 87.97% of the company’s stock.

TEN traded up $0.39 on Friday, reaching $9.45. 1,056,400 shares of the company’s stock were exchanged, compared to its average volume of 1,685,497. The stock has a market cap of $517.57 million, a PE ratio of 1.50 and a beta of 2.34. Tenneco has a twelve month low of $7.62 and a twelve month high of $47.22. The stock’s fifty day moving average price is $9.49 and its 200-day moving average price is $19.18. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.39 and a quick ratio of 0.88.

About Tenneco

Tenneco Inc designs, manufactures, and sells clean air, powertrain, and ride performance products and systems for light vehicle, commercial truck, off-highway, industrial, and aftermarket customers worldwide. The company offers clean air 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 aftertreatment control units.

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