Brokerages expect Tenneco Inc (NYSE:TEN) to announce sales of $2.29 billion for the current quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Tenneco’s earnings, with the highest sales estimate coming in at $2.31 billion and the lowest estimate coming in at $2.21 billion. Tenneco posted sales of $2.16 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 6%. The company is scheduled to report its next earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that Tenneco will report full year sales of $2.29 billion for the current fiscal year, with estimates ranging from $9.09 billion to $9.19 billion. For the next financial year, analysts forecast that the business will post sales of $9.61 billion per share, with estimates ranging from $9.23 billion to $9.86 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Tenneco.

Tenneco (NYSE:TEN) last posted its quarterly earnings data on Friday, October 27th. The auto parts company reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.08. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.24 billion. Tenneco had a net margin of 1.97% and a return on equity of 54.13%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $1.53 EPS.

Several equities research analysts have commented on the stock. Royal Bank of Canada reiterated a “hold” rating and issued a $64.00 price objective on shares of Tenneco in a research note on Wednesday, December 20th. Wells Fargo & Co decreased their price objective on shares of Tenneco from $68.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday, October 30th. Finally, KeyCorp reiterated a “buy” rating and issued a $80.00 price objective (up previously from $73.00) on shares of Tenneco in a research note on Monday, October 30th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $67.00.

Shares of Tenneco (NYSE:TEN) opened at $63.33 on Friday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.33 and a quick ratio of 0.93. The company has a market cap of $3,163.93, a PE ratio of 9.06, a price-to-earnings-growth ratio of 0.67 and a beta of 1.92. Tenneco has a one year low of $51.54 and a one year high of $70.96.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Monday, December 4th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, December 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.58%. Tenneco’s payout ratio is currently 30.21%.

In other news, insider Peng Guo sold 5,558 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $57.69, for a total transaction of $320,641.02. Following the completion of the sale, the insider now owns 87,957 shares in the company, valued at approximately $5,074,239.33. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.

Hedge funds have recently modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its holdings in Tenneco by 8.0% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 35,297 shares of the auto parts company’s stock worth $2,041,000 after buying an additional 2,617 shares during the period. LSV Asset Management boosted its holdings in Tenneco by 20.5% in the 2nd quarter. LSV Asset Management now owns 368,054 shares of the auto parts company’s stock worth $21,284,000 after buying an additional 62,700 shares during the period. Engineers Gate Manager LP boosted its holdings in Tenneco by 413.8% in the 2nd quarter. Engineers Gate Manager LP now owns 20,550 shares of the auto parts company’s stock worth $1,188,000 after buying an additional 16,550 shares during the period. Franklin Resources Inc. boosted its holdings in Tenneco by 7.6% in the 2nd quarter. Franklin Resources Inc. now owns 282,738 shares of the auto parts company’s stock worth $16,351,000 after buying an additional 20,082 shares during the period. Finally, AJO LP boosted its holdings in Tenneco by 396.8% in the 2nd quarter. AJO LP now owns 1,875,899 shares of the auto parts company’s stock worth $108,483,000 after buying an additional 1,498,310 shares during the period. Institutional investors own 94.42% of the company’s stock.

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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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Earnings History and Estimates for Tenneco (NYSE:TEN)

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