Equities analysts expect that Tenneco Inc (NYSE:TEN) will announce sales of $3.99 billion for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Tenneco’s earnings, with estimates ranging from $3.96 billion to $4.00 billion. Tenneco reported sales of $4.28 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 6.8%. The business is expected to announce its next earnings results 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 year, analysts anticipate that the company will post sales of $17.46 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 cover Tenneco.

Tenneco (NYSE:TEN) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.26. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.26 billion. Tenneco had a negative net margin of 0.74% and a positive return on equity of 18.48%. Tenneco’s revenue was up 82.2% compared to the same quarter last year. During the same period last year, the firm earned $1.70 earnings per share.

TEN has been the subject of several recent analyst reports. Morgan Stanley lowered their target price on shares of Tenneco from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Thursday, November 21st. UBS Group lowered their price objective on shares of Tenneco from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Cfra downgraded shares of Tenneco from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. ValuEngine upgraded shares of Tenneco from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada set a $11.00 price objective on shares of Tenneco and gave the stock a “hold” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $11.33.

Several large investors have recently bought and sold shares of TEN. FMR LLC lifted its stake in shares of Tenneco by 26.5% during the first quarter. FMR LLC now owns 194,232 shares of the auto parts company’s stock worth $4,304,000 after buying an additional 40,678 shares during the period. First Trust Advisors LP lifted its stake in shares of Tenneco by 14.5% during the first quarter. First Trust Advisors LP now owns 47,908 shares of the auto parts company’s stock worth $1,062,000 after buying an additional 6,059 shares during the period. Commonwealth Equity Services LLC acquired a new stake in shares of Tenneco during the second quarter worth $233,000. Aperio Group LLC lifted its stake in shares of Tenneco by 343.7% during the second quarter. Aperio Group LLC now owns 159,698 shares of the auto parts company’s stock worth $1,771,000 after buying an additional 123,708 shares during the period. Finally, Yorktown Management & Research Co Inc acquired a new stake in shares of Tenneco during the second quarter worth $143,000. Institutional investors and hedge funds own 84.54% of the company’s stock.

Shares of TEN opened at $13.89 on Thursday. The company has a market cap of $744.12 million, a price-to-earnings ratio of 2.21 and a beta of 2.35. Tenneco has a twelve month low of $7.62 and a twelve month high of $37.27. The company has a quick ratio of 0.87, a current ratio of 1.37 and a debt-to-equity ratio of 2.94. The company has a 50 day moving average of $13.45 and a two-hundred day moving average of $11.19.

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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