Tenneco (TEN) Given News Sentiment Score of 0.22
News headlines about Tenneco (NYSE:TEN) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tenneco earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news articles about the auto parts company an impact score of 45.46012624651 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- $2.22 Billion in Sales Expected for Tenneco Inc (TEN) This Quarter (americanbankingnews.com)
- $1.58 EPS Expected for Tenneco Inc. (TEN) This Quarter (americanbankingnews.com)
- United States Automotive Exhaust Manifold Market 2017- Faurecia, Tenneco Inc., Eberspacher, Futaba Industrial Co. Ltd. – News of Columnist: Research News By Market.Biz (thenewscolumnist.com)
- Critical Comparison: BorgWarner (BWA) and Tenneco (TEN) (americanbankingnews.com)
- Jefferies Group Equities Analysts Raise Earnings Estimates for Tenneco Inc. (TEN) (americanbankingnews.com)
Tenneco (NYSE:TEN) opened at 63.17 on Thursday. The company’s 50-day moving average price is $56.16 and its 200-day moving average price is $57.55. Tenneco has a 52-week low of $51.09 and a 52-week high of $70.96. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 12.29 and a beta of 1.85.
Tenneco (NYSE:TEN) last issued its quarterly earnings data on Friday, July 28th. The auto parts company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.10. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.26 billion. Tenneco had a net margin of 0.65% and a negative return on equity of 1.92%. Tenneco’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.78 earnings per share. Equities research analysts expect that Tenneco will post $6.68 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 26th. Investors of record on Thursday, September 7th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Wednesday, September 6th. Tenneco’s dividend payout ratio (DPR) is 19.72%.
Several brokerages have recently issued reports on TEN. BidaskClub raised Tenneco from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Jefferies Group LLC reissued a “hold” rating and issued a $62.00 target price (down previously from $67.00) on shares of Tenneco in a research report on Monday, July 31st. ValuEngine lowered Tenneco from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 22nd. Royal Bank Of Canada reissued a “hold” rating and issued a $71.00 target price on shares of Tenneco in a research report on Thursday, July 6th. Finally, Morgan Stanley decreased their target price on Tenneco from $45.00 to $44.00 and set an “underweight” rating for the company in a research report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $66.63.
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In related news, insider Gregg M. Sherrill sold 27,443 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $54.67, for a total value of $1,500,308.81. Following the completion of the transaction, the insider now owns 229,043 shares of the company’s stock, valued at $12,521,780.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John E. Kunz sold 6,368 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $61.00, for a total transaction of $388,448.00. The disclosure for this sale can be found here. Insiders sold 82,261 shares of company stock valued at $4,654,484 in the last three months. 2.70% of the stock is currently owned by insiders.
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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