Analysts predict that Tenneco Inc (NYSE:TEN) will announce sales of $3.99 billion for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Tenneco’s earnings. The lowest sales estimate is $3.96 billion and the highest is $4.00 billion. Tenneco posted sales of $4.28 billion in the same quarter last year, which suggests a negative year over year growth rate of 6.8%. The company is scheduled to report its next earnings report on Thursday, March 12th.

On average, analysts expect that Tenneco will report full year sales of $17.33 billion for the current financial year, with estimates ranging from $17.27 billion to $17.45 billion. For the next fiscal year, analysts forecast that the business will post sales of $17.51 billion, with estimates ranging from $16.89 billion to $18.29 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Tenneco.

Tenneco (NYSE:TEN) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.26. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.26 billion. Tenneco had a positive return on equity of 18.48% and a negative net margin of 0.74%. The business’s revenue for the quarter was up 82.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 earnings per share.

Several analysts have recently commented on the company. 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 report on Wednesday, August 14th. Cfra cut Tenneco from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. UBS Group decreased their target price on Tenneco from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. ValuEngine upgraded Tenneco from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada set a $11.00 target price on Tenneco and gave the stock a “hold” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $11.67.

Shares of TEN stock opened at $12.35 on Tuesday. The stock’s fifty day moving average is $13.05 and its 200-day moving average is $11.51. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.87 and a current ratio of 1.37. The stock has a market capitalization of $723.84 million, a PE ratio of 1.97 and a beta of 2.37. Tenneco has a 52 week low of $7.62 and a 52 week high of $37.27.

Several hedge funds have recently made changes to their positions in TEN. Lyrical Asset Management LP boosted its holdings in Tenneco by 1.3% in the second quarter. Lyrical Asset Management LP now owns 2,588,786 shares of the auto parts company’s stock valued at $28,710,000 after acquiring an additional 33,207 shares during the last quarter. Towle & Co. boosted its holdings in Tenneco by 91.1% in the second quarter. Towle & Co. now owns 2,388,549 shares of the auto parts company’s stock valued at $26,489,000 after acquiring an additional 1,138,503 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in Tenneco by 6.6% in the second quarter. Macquarie Group Ltd. now owns 1,854,129 shares of the auto parts company’s stock valued at $20,562,000 after acquiring an additional 115,199 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Tenneco by 482.4% in the second quarter. Renaissance Technologies LLC now owns 1,303,600 shares of the auto parts company’s stock valued at $14,457,000 after acquiring an additional 1,079,777 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Tenneco by 7.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 865,089 shares of the auto parts company’s stock valued at $9,594,000 after acquiring an additional 60,640 shares during the last quarter. Institutional investors own 88.51% 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.

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Earnings History and Estimates for Tenneco (NYSE:TEN)

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