Tenneco (TEN) Earning Somewhat Positive News Coverage, Study Finds

Media headlines about Tenneco (NYSE:TEN) have been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tenneco earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the auto parts company an impact score of 47.2152472963399 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the media headlines that may have impacted Accern’s rankings:

Shares of Tenneco (NYSE TEN) traded down $0.13 during midday trading on Tuesday, hitting $57.02. 295,149 shares of the stock were exchanged, compared to its average volume of 564,513. The firm has a market cap of $2,900.00, a P/E ratio of 8.31, a P/E/G ratio of 0.67 and a beta of 1.92. Tenneco has a 1 year low of $51.54 and a 1 year high of $70.96. The company has a quick ratio of 0.93, a current ratio of 1.33 and a debt-to-equity ratio of 2.29.

Tenneco (NYSE:TEN) last issued its quarterly earnings results on Friday, October 27th. The auto parts company reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.08. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.24 billion. Tenneco had a net margin of 1.97% and a return on equity of 54.13%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.53 EPS. sell-side analysts expect that Tenneco will post 6.73 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Monday, December 4th will be given a $0.25 dividend. The ex-dividend date is Friday, December 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.75%. Tenneco’s dividend payout ratio (DPR) is currently 31.06%.

Several research firms have commented on TEN. Wells Fargo & Company decreased their target price on shares of Tenneco from $68.00 to $64.00 and set a “market perform” rating on the stock in a report on Monday, October 30th. KeyCorp reaffirmed a “buy” rating and set a $80.00 price target (up from $73.00) on shares of Tenneco in a report on Monday, October 30th. They noted that the move was a valuation call. BidaskClub lowered shares of Tenneco from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $62.00 price target (down from $67.00) on shares of Tenneco in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $67.70.

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In other news, insider Gregg M. Sherrill sold 27,443 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $54.67, for a total value of $1,500,308.81. Following the transaction, the insider now owns 229,043 shares in the company, valued at approximately $12,521,780.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John E. Kunz sold 6,368 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $61.00, for a total transaction of $388,448.00. The disclosure for this sale can be found here. Insiders sold a total of 82,261 shares of company stock worth $4,654,484 in the last 90 days. Corporate insiders own 2.70% of the company’s stock.

About Tenneco

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.

Insider Buying and Selling by Quarter for Tenneco (NYSE:TEN)

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