Tenneco (NYSE:TEN) announced its quarterly earnings results on Thursday. The auto parts company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.12), Briefing.com reports. Tenneco had a negative net margin of 0.74% and a positive return on equity of 18.48%. The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same period in the previous year, the firm posted $1.30 earnings per share. The company’s revenue was down 3.2% compared to the same quarter last year. Tenneco updated its Q1 2020
Pre-Market guidance to EPS and its FY 2020
Pre-Market guidance to EPS.
Shares of NYSE:TEN opened at $10.87 on Friday. Tenneco has a 12-month low of $7.62 and a 12-month high of $37.27. The company has a market capitalization of $563.34 million, a PE ratio of -6.79 and a beta of 2.41. The business has a 50 day moving average of $10.51 and a two-hundred day moving average of $11.65. The company has a current ratio of 1.37, a quick ratio of 0.87 and a debt-to-equity ratio of 2.94.
A number of brokerages have issued reports on TEN. ValuEngine raised Tenneco from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Cfra downgraded Tenneco from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Royal Bank of Canada set a $11.00 price target on Tenneco and gave the company a “hold” rating in a report on Friday, November 1st. Finally, Morgan Stanley decreased their price target on Tenneco from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Tenneco presently has an average rating of “Hold” and an average price target of $11.33.
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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