Wall Street analysts forecast that Tenneco Inc (NYSE:TEN) will post sales of $4.34 billion for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Tenneco’s earnings, with the lowest sales estimate coming in at $4.29 billion and the highest estimate coming in at $4.36 billion. Tenneco posted sales of $2.37 billion during the same quarter last year, which suggests a positive year over year growth rate of 83.1%. The firm is scheduled to report its next earnings report on Friday, October 25th.

On average, analysts expect that Tenneco will report full-year sales of $17.68 billion for the current year, with estimates ranging from $17.61 billion to $17.82 billion. For the next financial year, analysts anticipate that the firm will post sales of $17.82 billion, with estimates ranging from $17.49 billion to $18.52 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Tenneco.

Tenneco (NYSE:TEN) last issued its earnings results on Tuesday, August 6th. The auto parts company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.27. Tenneco had a positive return on equity of 20.87% and a negative net margin of 0.90%. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same period in the prior year, the firm posted $1.92 EPS. The business’s revenue was up 76.7% compared to the same quarter last year.

Several brokerages have weighed in on TEN. Morgan Stanley raised Tenneco from an “underweight” rating to an “equal weight” rating and set a $9.00 target price on the stock in a research report on Wednesday, August 14th. UBS Group dropped their target price on Tenneco from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $24.00.

TEN stock traded down $0.62 during mid-day trading on Wednesday, hitting $12.83. The stock had a trading volume of 1,331,155 shares, compared to its average volume of 1,219,799. The company has a current ratio of 1.39, a quick ratio of 0.88 and a debt-to-equity ratio of 2.99. Tenneco has a 1-year low of $7.62 and a 1-year high of $47.22. The company has a fifty day moving average of $9.73 and a 200 day moving average of $15.60. The stock has a market capitalization of $768.40 million, a price-to-earnings ratio of 2.04 and a beta of 2.34.

In related news, SVP Brandon B. Smith purchased 20,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $9.48 per share, for a total transaction of $189,600.00. Following the purchase, the senior vice president now owns 25,129 shares in the company, valued at approximately $238,222.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jason M. Hollar purchased 60,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $9.44 per share, with a total value of $566,400.00. Following the purchase, the insider now owns 64,623 shares in the company, valued at approximately $610,041.12. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 90,000 shares of company stock valued at $848,600. 3.30% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cresset Asset Management LLC boosted its stake in shares of Tenneco by 62.2% during the 2nd quarter. Cresset Asset Management LLC now owns 167,770 shares of the auto parts company’s stock worth $1,861,000 after acquiring an additional 64,334 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Tenneco by 21.3% during the 2nd quarter. Royal Bank of Canada now owns 14,891 shares of the auto parts company’s stock worth $164,000 after acquiring an additional 2,611 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Tenneco by 914.3% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,070 shares of the auto parts company’s stock worth $78,000 after acquiring an additional 6,373 shares in the last quarter. Mutual Advisors LLC boosted its stake in shares of Tenneco by 83.0% during the 2nd quarter. Mutual Advisors LLC now owns 82,450 shares of the auto parts company’s stock worth $914,000 after acquiring an additional 37,400 shares in the last quarter. Finally, MidWestOne Financial Group Inc. bought a new stake in shares of Tenneco during the 2nd quarter worth about $113,000. Institutional investors own 87.86% 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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