Tenneco (NYSE:TEN) issued its quarterly earnings results on Friday. The auto parts company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.25, Bloomberg Earnings reports. Tenneco had a return on equity of 54.13% and a net margin of 1.97%. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year.

Tenneco (NYSE TEN) traded up $1.03 during trading hours on Friday, hitting $55.40. The company had a trading volume of 1,090,000 shares, compared to its average volume of 518,158. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.93 and a current ratio of 1.33. Tenneco has a 12 month low of $51.54 and a 12 month high of $67.93. The company has a market cap of $2,858.03, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 0.60 and a beta of 1.90.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Tuesday, March 6th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.81%. Tenneco’s payout ratio is 25.58%.

In related news, insider Peng Guo sold 5,558 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $57.69, for a total transaction of $320,641.02. Following the sale, the insider now directly owns 87,957 shares in the company, valued at approximately $5,074,239.33. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in TEN. Gofen & Glossberg LLC IL increased its stake in Tenneco by 0.5% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 7,125 shares of the auto parts company’s stock worth $412,000 after acquiring an additional 33 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Tenneco by 4.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,688 shares of the auto parts company’s stock worth $271,000 after acquiring an additional 192 shares during the last quarter. GSA Capital Partners LLP increased its stake in Tenneco by 6.7% in the 3rd quarter. GSA Capital Partners LLP now owns 14,914 shares of the auto parts company’s stock worth $905,000 after acquiring an additional 939 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Tenneco by 42.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,233 shares of the auto parts company’s stock worth $189,000 after acquiring an additional 961 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in Tenneco by 3.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 28,130 shares of the auto parts company’s stock worth $1,707,000 after acquiring an additional 1,037 shares during the last quarter. Institutional investors own 95.13% of the company’s stock.

A number of research analysts have recently commented on the company. Royal Bank of Canada reaffirmed a “hold” rating and set a $63.00 price target on shares of Tenneco in a research report on Friday. ValuEngine cut Tenneco from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Barclays reaffirmed a “buy” rating and set a $74.00 price target on shares of Tenneco in a research report on Tuesday, January 9th. KeyCorp reaffirmed a “buy” rating and set a $80.00 price target (up previously from $73.00) on shares of Tenneco in a research report on Monday, October 30th. They noted that the move was a valuation call. Finally, Wells Fargo & Co dropped their price target on Tenneco from $68.00 to $64.00 and set a “market perform” rating on the stock in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Tenneco currently has an average rating of “Hold” and an average target price of $67.20.

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Tenneco Company Profile

Tenneco Inc is a producer of clean air and ride performance products and systems for light vehicle, commercial truck, off-highway and other vehicle applications. The Company designs, manufactures and distributes highly engineered products for both original equipment vehicle manufacturers (OEMs) and the repair and replacement markets, or aftermarket, across the world.

Earnings History for Tenneco (NYSE:TEN)

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