Media stories about Tenneco (NYSE:TEN) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tenneco earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the auto parts company an impact score of 46.8122191538609 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Tenneco Inc : Earnings Review and Free Research Report: Tenneco’s Revenue Grew 5%; Adjusted EPS Gained 8.6% (4-traders.com)
- Tenneco, Inc. – Value Analysis (NYSE:TEN) : August 14, 2017 (finance.yahoo.com)
- Columbia Wanger Asset Management LLC Modifies Its Stake in Tenneco Inc. (TEN) Stock (highlightpress.com)
- See what the IHS Markit Score report has to say about Tenneco Inc. (finance.yahoo.com)
- Tenneco Inc. (NYSE:TEN) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
Shares of Tenneco (NYSE:TEN) opened at 52.17 on Friday. The firm has a 50-day moving average price of $56.71 and a 200 day moving average price of $59.88. Tenneco has a 12 month low of $51.09 and a 12 month high of $70.96. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 10.15 and a beta of 1.79.
Tenneco (NYSE:TEN) last announced its quarterly earnings results on Friday, July 28th. The auto parts company reported $1.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.10. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.26 billion. Tenneco had a return on equity of 54.06% and a net margin of 3.17%. Tenneco’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.78 EPS. On average, analysts anticipate that Tenneco will post $6.68 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 26th. Investors of record on Thursday, September 7th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.92%. The ex-dividend date is Wednesday, September 6th. Tenneco’s dividend payout ratio is 19.72%.
Several research firms recently issued reports on TEN. Jefferies Group LLC reissued a “hold” rating and set a $62.00 price target (down from $67.00) on shares of Tenneco in a research report on Monday, July 31st. Royal Bank Of Canada upped their price target on Tenneco from $67.00 to $71.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 2nd. CLSA began coverage on Tenneco in a research report on Wednesday, June 21st. They set a “buy” rating and a $68.00 price target on the stock. ValuEngine raised Tenneco from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Finally, Guggenheim began coverage on Tenneco in a research report on Wednesday, June 21st. They set a “buy” rating and a $68.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $66.22.
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In related news, Director David B. Price, Jr. sold 4,893 shares of the business’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $57.82, for a total value of $282,913.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP John E. Kunz sold 4,243 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $59.75, for a total value of $253,519.25. Following the completion of the sale, the vice president now directly owns 30,373 shares in the company, valued at approximately $1,814,786.75. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.
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.
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