Equities analysts forecast that Tenneco Inc (NYSE:TEN) will post earnings of $1.44 per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Tenneco’s earnings. The highest EPS estimate is $1.58 and the lowest is $1.26. Tenneco posted earnings of $1.89 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 23.8%. The company is scheduled to report its next earnings report on Friday, February 8th.

On average, analysts expect that Tenneco will report full year earnings of $6.57 per share for the current year, with EPS estimates ranging from $6.29 to $6.73. For the next fiscal year, analysts forecast that the business will post earnings of $7.04 per share, with EPS estimates ranging from $6.75 to $7.25. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Tenneco.

Tenneco (NYSE:TEN) last announced its earnings results on Friday, October 26th. The auto parts company reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.20. Tenneco had a net margin of 2.39% and a return on equity of 47.05%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same quarter last year, the firm posted $1.67 earnings per share. Tenneco’s revenue was up 4.3% compared to the same quarter last year.

TEN has been the subject of several recent research reports. Wells Fargo & Co lowered their price objective on shares of Tenneco from $50.00 to $45.00 and set a “market perform” rating for the company in a research note on Wednesday, October 17th. Royal Bank of Canada lowered their price objective on shares of Tenneco to $47.00 and set an “underperform” rating for the company in a research note on Thursday, October 4th. Wolfe Research initiated coverage on shares of Tenneco in a research note on Tuesday, October 2nd. They issued a “peer perform” rating for the company. Finally, Morgan Stanley lowered their price objective on shares of Tenneco from $41.00 to $40.00 and set a “hold” rating for the company in a research note on Monday, August 13th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Tenneco presently has an average rating of “Hold” and an average target price of $55.00.

Several hedge funds and other institutional investors have recently bought and sold shares of TEN. Xact Kapitalforvaltning AB lifted its stake in Tenneco by 18.3% in the second quarter. Xact Kapitalforvaltning AB now owns 8,409 shares of the auto parts company’s stock worth $370,000 after acquiring an additional 1,300 shares during the last quarter. Bank of Montreal Can lifted its stake in Tenneco by 104.1% in the second quarter. Bank of Montreal Can now owns 62,057 shares of the auto parts company’s stock worth $2,728,000 after acquiring an additional 31,651 shares during the last quarter. Scout Investments Inc. lifted its stake in Tenneco by 170.0% in the second quarter. Scout Investments Inc. now owns 267,832 shares of the auto parts company’s stock worth $11,774,000 after acquiring an additional 168,649 shares during the last quarter. James Investment Research Inc. lifted its stake in Tenneco by 78.6% in the second quarter. James Investment Research Inc. now owns 57,731 shares of the auto parts company’s stock worth $2,538,000 after acquiring an additional 25,398 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in Tenneco by 328.8% in the second quarter. Meeder Asset Management Inc. now owns 11,282 shares of the auto parts company’s stock worth $496,000 after acquiring an additional 8,651 shares during the last quarter. 79.57% of the stock is owned by institutional investors and hedge funds.

NYSE TEN opened at $33.02 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.18 and a debt-to-equity ratio of 1.68. Tenneco has a one year low of $32.19 and a one year high of $65.59. The company has a market capitalization of $1.89 billion, a PE ratio of 4.79, a price-to-earnings-growth ratio of 0.46 and a beta of 1.85.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Tuesday, December 4th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Monday, December 3rd. Tenneco’s payout ratio is 14.51%.

Tenneco Company Profile

Tenneco Inc designs, manufactures, and distributes clean air and ride performance products and systems for light vehicle, commercial truck, off-highway, and other vehicle applications worldwide. The company offers various vehicle emission control 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 after treatment control units.

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Earnings History and Estimates for Tenneco (NYSE:TEN)

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