Tenneco (NYSE:TEN) posted its earnings results on Friday. The auto parts company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.20, MarketWatch Earnings reports. Tenneco had a net margin of 2.59% and a return on equity of 48.44%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same period in the prior year, the company posted $1.67 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Tenneco updated its FY 2018 guidance to EPS.
Tenneco stock traded up $2.26 during midday trading on Friday, reaching $36.71. The company had a trading volume of 1,774,946 shares, compared to its average volume of 749,380. The firm has a market capitalization of $1.97 billion, a PE ratio of 5.33, a P/E/G ratio of 0.47 and a beta of 1.77. Tenneco has a 12-month low of $32.62 and a 12-month high of $65.59. The company has a current ratio of 1.22, a quick ratio of 0.85 and a debt-to-equity ratio of 1.81.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Tuesday, December 4th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Monday, December 3rd. Tenneco’s dividend payout ratio is presently 14.51%.
In related news, Director Thomas C. Freyman purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were purchased at an average cost of $44.49 per share, with a total value of $222,450.00. Following the purchase, the director now owns 22,265 shares of the company’s stock, valued at approximately $990,569.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.95% of the company’s stock.
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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