Tenneco Inc (NYSE:TEN) – Research analysts at KeyCorp reduced their Q2 2019 earnings per share estimates for shares of Tenneco in a report released on Friday, July 12th. KeyCorp analyst J. Picariello now anticipates that the auto parts company will post earnings of $0.82 per share for the quarter, down from their previous forecast of $0.96. KeyCorp also issued estimates for Tenneco’s FY2019 earnings at $3.70 EPS and FY2020 earnings at $4.40 EPS.

Tenneco (NYSE:TEN) last issued its quarterly earnings data on Thursday, May 9th. The auto parts company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.42). Tenneco had a positive return on equity of 25.31% and a negative net margin of 0.85%. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the prior year, the business posted $1.56 earnings per share. Tenneco’s quarterly revenue was up 73.7% compared to the same quarter last year.

Several other research firms have also weighed in on TEN. UBS Group set a $133.00 price target on LHC Group and gave the company a “buy” rating in a research report on Friday, May 10th. Morgan Stanley set a $12.00 price target on Adient and gave the company a “sell” rating in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $24.25.

NYSE TEN opened at $9.62 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 2.96. Tenneco has a twelve month low of $8.59 and a twelve month high of $47.94. The company has a market capitalization of $548.96 million, a price-to-earnings ratio of 1.53 and a beta of 2.34. The company’s 50 day moving average price is $10.36.

A number of institutional investors have recently added to or reduced their stakes in TEN. Investors Research Corp purchased a new stake in Tenneco during the first quarter valued at $30,000. Bartlett & Co. LLC purchased a new stake in Tenneco during the first quarter valued at $44,000. Huntington National Bank increased its position in Tenneco by 56.0% during the first quarter. Huntington National Bank now owns 3,508 shares of the auto parts company’s stock valued at $78,000 after acquiring an additional 1,259 shares during the last quarter. Convergence Investment Partners LLC purchased a new stake in Tenneco during the first quarter valued at $143,000. Finally, CWM Advisors LLC purchased a new stake in Tenneco during the second quarter valued at $174,000. 90.99% of the stock is currently owned by institutional investors and hedge funds.

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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