Tenneco Inc. (NYSE:TEN) to Release Quarterly Earnings on Friday
Tenneco Inc. (NYSE:TEN) is set to issue its quarterly earnings data before the market opens on Friday, July 28th. Analysts expect the company to announce earnings of $1.81 per share for the quarter.
Tenneco (NYSE:TEN) last posted its quarterly earnings data on Monday, May 1st. The auto parts company reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.10. Tenneco had a return on equity of 55.31% and a net margin of 4.21%. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the firm earned $1.17 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts expect Tenneco to post $6.57 EPS for the current fiscal year and $7.24 EPS for the next fiscal year.
Tenneco Inc. (TEN) opened at 60.17 on Friday. Tenneco Inc. has a 52-week low of $51.09 and a 52-week high of $70.96. The stock has a market capitalization of $3.25 billion, a PE ratio of 9.06 and a beta of 1.81. The stock’s 50 day moving average price is $57.35 and its 200-day moving average price is $61.40.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 26th. Stockholders of record on Thursday, September 7th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.66%. Tenneco’s payout ratio is 15.17%.
In other Tenneco news, VP John E. Kunz sold 4,243 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $59.75, for a total transaction of $253,519.25. Following the transaction, the vice president now owns 30,373 shares in the company, valued at $1,814,786.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Price, Jr. sold 4,893 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $57.82, for a total value of $282,913.26. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.
A number of analysts have recently commented on the company. Goldman Sachs Group, Inc. (The) assumed coverage on Tenneco in a research note on Monday, April 3rd. They issued a “buy” rating and a $71.00 target price on the stock. Jefferies Group LLC restated a “hold” rating and issued a $67.00 target price on shares of Tenneco in a research note on Tuesday, April 25th. Royal Bank Of Canada upped their target price on Tenneco from $67.00 to $71.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 2nd. ValuEngine downgraded Tenneco from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded Tenneco from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $66.78.
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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