Equities research analysts predict that Tenneco Inc (NYSE:TEN) will report $2.43 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Tenneco’s earnings, with the highest sales estimate coming in at $2.45 billion and the lowest estimate coming in at $2.41 billion. Tenneco posted sales of $2.29 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6.1%. The company is scheduled to announce its next earnings results on Monday, May 7th.
On average, analysts expect that Tenneco will report full-year sales of $2.43 billion for the current fiscal year, with estimates ranging from $9.23 billion to $9.93 billion. For the next fiscal year, analysts anticipate that the business will post sales of $10.07 billion per share, with estimates ranging from $9.43 billion to $10.58 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Tenneco.
Tenneco (NYSE:TEN) last released its quarterly earnings data on Friday, February 9th. The auto parts company reported $1.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.25. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.30 billion. Tenneco had a net margin of 2.22% and a return on equity of 52.86%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.67 earnings per share.
Hedge funds have recently added to or reduced their stakes in the stock. Cerebellum GP LLC acquired a new stake in Tenneco during the fourth quarter valued at $129,000. Advisor Group Inc. grew its position in shares of Tenneco by 83.1% in the third quarter. Advisor Group Inc. now owns 2,364 shares of the auto parts company’s stock valued at $143,000 after purchasing an additional 1,073 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Tenneco by 42.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,233 shares of the auto parts company’s stock valued at $189,000 after purchasing an additional 961 shares during the period. Trilogy Capital Inc. acquired a new stake in shares of Tenneco in the fourth quarter valued at about $206,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Tenneco in the third quarter valued at about $223,000. Institutional investors own 94.15% of the company’s stock.
Shares of Tenneco (NYSE TEN) opened at $55.45 on Wednesday. The firm has a market cap of $2,884.15, a price-to-earnings ratio of 14.18, a PEG ratio of 0.60 and a beta of 1.91. Tenneco has a 52 week low of $50.73 and a 52 week high of $67.93. The company has a quick ratio of 0.85, a current ratio of 1.24 and a debt-to-equity ratio of 1.83.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Tuesday, March 6th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 5th. This represents a $1.00 annualized dividend and a yield of 1.80%. Tenneco’s dividend payout ratio is presently 25.58%.
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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