Analysts Expect Tenneco Inc. (NYSE:TEN) to Announce $0.95 Earnings Per Share

Wall Street analysts expect Tenneco Inc. (NYSE:TENGet Rating) to report earnings per share (EPS) of $0.95 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Tenneco’s earnings, with estimates ranging from $0.65 to $1.61. Tenneco posted earnings per share of $0.84 in the same quarter last year, which would indicate a positive year over year growth rate of 13.1%. The company is scheduled to report its next earnings results on Monday, January 1st.

On average, analysts expect that Tenneco will report full-year earnings of $3.95 per share for the current year, with EPS estimates ranging from $3.05 to $5.75. For the next financial year, analysts forecast that the firm will report earnings of $5.65 per share, with EPS estimates ranging from $4.34 to $6.91. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Tenneco.

Tenneco (NYSE:TENGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The auto parts company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.76). Tenneco had a positive return on equity of 21.89% and a negative net margin of 0.38%. The business had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same period last year, the company posted $1.09 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis.

A number of research firms have weighed in on TEN. StockNews.com began coverage on shares of Tenneco in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Wells Fargo & Company cut shares of Tenneco from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $22.00 to $20.00 in a research report on Thursday, February 24th. Morgan Stanley raised shares of Tenneco from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $8.00 to $20.00 in a research report on Thursday, February 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Tenneco from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, March 16th. Finally, Jefferies Financial Group cut shares of Tenneco from a “buy” rating to a “hold” rating and upped their price objective for the company from $15.00 to $20.00 in a research report on Thursday, February 24th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Tenneco currently has an average rating of “Hold” and a consensus target price of $20.00.

Several hedge funds have recently modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Tenneco during the fourth quarter worth about $41,000. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Tenneco by 134.1% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,687 shares of the auto parts company’s stock worth $42,000 after acquiring an additional 2,112 shares during the period. US Bancorp DE raised its stake in Tenneco by 218.6% during the third quarter. US Bancorp DE now owns 3,830 shares of the auto parts company’s stock worth $55,000 after acquiring an additional 2,628 shares during the period. Ensign Peak Advisors Inc acquired a new stake in Tenneco during the fourth quarter worth about $56,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Tenneco during the third quarter worth about $112,000. 65.90% of the stock is currently owned by institutional investors and hedge funds.

Tenneco stock traded down $0.42 during trading on Friday, reaching $15.67. 1,911,320 shares of the company’s stock were exchanged, compared to its average volume of 1,087,497. The company has a debt-to-equity ratio of 12.67, a quick ratio of 0.85 and a current ratio of 1.24. The company’s 50-day moving average is $17.93 and its two-hundred day moving average is $14.03. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -18.88 and a beta of 1.96. Tenneco has a 52-week low of $9.51 and a 52-week high of $22.75.

About Tenneco (Get Rating)

Tenneco Inc designs, manufactures, and sells clean air, and powertrain products and systems for light vehicle, commercial truck, off-highway, industrial, motorsport, and aftermarket customers worldwide. It operates through four segments: Motorparts, Performance Solutions, Clean Air, and Powertrain. The Motorparts segment offers shock and strut, steering and suspension, braking, sealing, emissions control, engine, and maintenance products under the Monroe, Champion, Öhlins, MOOG, Walker, Fel-Pro, Wagner, Ferodo, Rancho, Thrush, National, Sealed Power, and other brands.

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