Tenneco (NYSE:TEN) posted its earnings results on Tuesday. The auto parts company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.93 by $0.27, Briefing.com reports. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.47 billion. Tenneco had a positive return on equity of 25.31% and a negative net margin of 0.85%. The business’s quarterly revenue was up 76.7% on a year-over-year basis. During the same period last year, the company earned $1.92 earnings per share. Tenneco updated its Q3 2019 guidance to EPS and its FY 2019 guidance to EPS.
NYSE TEN traded up $1.47 during trading hours on Tuesday, hitting $9.36. 2,931,509 shares of the company’s stock were exchanged, compared to its average volume of 1,394,754. The firm has a 50-day moving average of $9.73. Tenneco has a 1-year low of $7.62 and a 1-year high of $47.22. The stock has a market cap of $464.42 million, a price-to-earnings ratio of 1.49 and a beta of 2.34. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 2.96.
Several research firms have commented on TEN. Morgan Stanley set a $9.00 target price on Tenneco and gave the company a “sell” rating in a research report on Wednesday, June 26th. UBS Group dropped their target price on Tenneco from $28.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, May 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.25.
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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