Shares of Tenneco ( NYSE:TEN) fell 15.3% on Thursday after the auto parts manufacturer reported fourth-quarter results that fell short of Wall Street expectations and it offered tepid margin guidance for 2019. Tenneco reported fourth-quarter EPS of $1.30, missing analyst expectations for $1.41.
What's happened to Tenneco stock?
Apr 14, 2022 · Why Tenneco Stock Almost Doubled Today - Motley Fool fool.com - February 24 at 9:03 AM: Form DEFA14A TENNECO INC - StreetInsider.com streetinsider.com - February 23 at 9:46 AM: Recap: Tenneco Q4 Earnings - Benzinga benzinga.com - February 23 at 9:46 AM: Apollo Global to buy auto-parts maker Tenneco in $7.1 billion deal - Reuters UK
What drove Tenneco's full-year 2018 earnings to miss estimates?
May 21, 2020 · There definitely was a reason – it’s earnings fell at a faster rate than the rate at which revenues grew. Turns out Tenneco’s earnings margins (profits as a % of revenue) steadily dropped over the...
Is Tenneco’s 60% fall 60% for 2019 so far?
Shares of Tenneco ( TEN 0.06% ) fell more than 15% on Monday after the auto parts manufacturer released quarterly results. The company's earnings fell short of estimates, causing investors to run...
What happened to Tenneco's Federal Mogul?
Aug 06, 2020 · Shares of automotive parts specialist Tenneco ( TEN -1.65% ) fell out of bed when Wall Street opened for the day, dropping a huge 18% …
Is Tenneco a good stock to buy?
Valuation metrics show that Tenneco Inc. may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of TEN, demonstrate its potential to outperform the market.
Will Tenneco stock go up?
Stock Price Forecast The 5 analysts offering 12-month price forecasts for Tenneco Inc have a median target of 20.00, with a high estimate of 20.00 and a low estimate of 20.00. The median estimate represents a +10.83% increase from the last price of 18.05.
Why has Tenneco stock dropped?
For original equipment auto supplier Tenneco, the big factor is that the number of cars being sold has fallen, which ends up meaning less demand for its products. That is the backdrop for the company's full-year 2018 results, which missed analyst expectations by a whopping $0.11 a share.Jul 8, 2019
Should I sell Tenneco stock?
Is Tenneco a buy right now? 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tenneco in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Tenneco stock.
Is Tenneco sold?
Tenneco (TEN) Agrees to Go Private in $1.6 Billion Sale to Apollo (APO) - Bloomberg.Feb 23, 2022
Which share went up today?
Time PeriodCompanyCurrent PriceChangeTorrent Pharma2818.0023.70Emami477.103.25Maruti Suzuki7613.5548.95ICICI Bank764.154.4516 more rows
Who is buying Tenneco?
Apollo FundsLAKE FOREST, Ill., Feb. 23, 2022 /PRNewswire/ -- Tenneco (NYSE: TEN) announced today it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo (NYSE: APO) (the "Apollo Funds") in an all-cash transaction with an enterprise valuation of approximately $7.1 billion, including debt.Feb 23, 2022
Who owns Tenneco stock?
Top 10 Owners of Tenneco IncStockholderStakeShares ownedThe Vanguard Group, Inc.11.02%9,156,900Fuller & Thaler Asset Management,...6.42%5,339,325BlackRock Fund Advisors4.98%4,136,365Bank of America, NA (Private Bank...3.76%3,129,2596 more rows
How much did Tenneco lose in 2020?
Tenneco suffered a roughly 40% sales decline in the second quarter of 2020 compared to the same period in 2019. Each of its five main product categories got hit, so there was basically nowhere to hide, despite management highlighting that its diversification helped in the quarter. On the bottom line Tenneco turned in a $4.30 per share loss, compared to a quarterly profit of $0.32 a share in the same stanza of 2019. Even taking out one-time charges, the company still lost $2.15 per share in the second quarter. No matter how you cut things, it was ugly.
Did Tenneco have a bad quarter?
Tenneco had a bad quarter, which is no surprise. However, it appears that investors had been hoping for something less bad than what they got. Although the world is trying to reopen for business following widespread COVID-19-related shutdowns, the coronavirus is proving difficult to deal with. This likely means that, even if things get better from here, Tenneco probably has more headwinds ahead.
What happened
Shares of Tenneco (NYSE: TEN) have fallen a painful 60% through the first six months of 2019 according to data provided by S&P Global Market Intelligence. The stock actually started the year off with a large rally, gaining around 30% by March. But then things got ugly.
So what
Tenneco completed its acquisition of Federal Mogul in late 2018. The goal was to gain scale in key markets and better position itself for the future. However, the move required a material increase in the company's leverage. Financial debt to equity skyrocketed from around 0.8 times before the deal to over 2.8 times as of the first quarter of 2019.
What was Tenneco's fourth quarter EPS?
Tenneco reported fourth-quarter EPS of $1.30, missing analyst expectations for $1.41. On its call with investors, the company also said that during a post-merger integration, it identified what it called a "historical error in the capitalization of expenditures in inventory," but said there was no material impact from that error.
Is Tenneco a publicly traded company?
It's now planning to split the combined business into two publicly traded entities, one focused on powertrains and the other on aftermarket parts, shock absorbers, suspension systems, and brake parts.
What happened
Shares of Tenneco ( TEN -0.47% ) plunged more than 35% on Thursday after the auto parts manufacturer reported quarterly results well below expectations and lowered its full-year guidance. The drop continues a troublesome trend for Tenneco shares, which have now lost more than 70% of their value over the past 12 months.
So what
Tenneco on Thursday morning reported first-quarter earnings of $0.52 per share, badly missing consensus expectations for $0.95 per share, on revenue that matched expectations. The company blamed lower aftermarket -- spare-part and non-automaker -- sales, coupled with China volume declines, for the weakness.
NYSE: TEN
Tenneco is a company in transition, having acquired rival Federal-Mogul last fall for $5.4 billion. It's now planning to split the combined business into two publicly traded entities, one focused on powertrains and the other on aftermarket parts, shock absorbers, suspension systems, and brake parts.
Now what
Following the drop, Tenneco looks cheap, trading at just seven times earnings. The issue is that there is no clear catalyst to reverse the downward trend and get the shares moving higher. Instead the outlook is murky, muddied by continued merger integration and a separation that is now more than a year out.
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Signals & Forecast
There are mixed signals in the stock today. The Tenneco Inc stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock.
Support, Risk & Stop-loss
Tenneco Inc finds support from accumulated volume at $10.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is Tenneco Inc stock A Buy?
Tenneco Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Insiders are negative selling more shares than they are buying in Tenneco Inc
In the last 100 trades there were 984.7 thousand shares bought and 1.46 million shares sold. The last trade was done 7 days ago by Sabatino Thomas J Jr who sold 21.1 thousand shares. In general the insiders are selling more stocks than they buy. There can be a variety of reasons for this, but in general it can be considered as a negative signal.
About Tenneco Inc
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 operates through Clean Air, Powertrain, Ride Performance, and Motorparts segments.
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