Tenneco (TEN) to Release Earnings on Thursday

Tenneco (NYSE:TEN) will post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Tenneco to post earnings of $1.10 per share for the quarter. Tenneco has set its Q3 2019 guidance at EPS and its FY 2019 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Tenneco (NYSE:TEN) last announced its quarterly earnings results on Tuesday, August 6th. The auto parts company reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.27. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.47 billion. Tenneco had a positive return on equity of 20.87% and a negative net margin of 0.90%. Tenneco’s revenue for the quarter was up 76.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.92 EPS. On average, analysts expect Tenneco to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of NYSE TEN opened at $14.39 on Thursday. The company has a market capitalization of $792.96 million, a price-to-earnings ratio of 2.29 and a beta of 2.37. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.39 and a quick ratio of 0.88. The business has a 50-day moving average of $12.09 and a two-hundred day moving average of $12.79. Tenneco has a 1 year low of $7.62 and a 1 year high of $39.12.

A number of analysts have issued reports on the company. ValuEngine raised Tenneco from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. UBS Group decreased their price target on Tenneco from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Finally, Morgan Stanley upgraded Tenneco from an “underweight” rating to an “equal weight” rating and set a $9.00 target price on the stock in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $24.00.

In other news, insider Jason M. Hollar bought 60,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $9.44 per share, for a total transaction of $566,400.00. Following the completion of the transaction, the insider now owns 64,623 shares of the company’s stock, valued at $610,041.12. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Brandon B. Smith bought 20,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of $9.48 per share, for a total transaction of $189,600.00. Following the transaction, the senior vice president now directly owns 25,129 shares of the company’s stock, valued at approximately $238,222.92. The disclosure for this purchase can be found here. Insiders have bought 90,000 shares of company stock worth $848,600 in the last quarter. Insiders own 3.30% of the company’s stock.

Tenneco Company Profile

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.

Read More: How to Profit and Limit Losses With Stop Orders

Earnings History for Tenneco (NYSE:TEN)

Receive News & Ratings for Tenneco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenneco and related companies with MarketBeat.com's FREE daily email newsletter.