Tenneco (TEN) Stock Price, News & Analysis

Company Overview

Tenneco Inc. designs, manufactures, and sells clean air, and powertrain products and systems for light vehicle, commercial truck, off-highway, industrial, motorsport, and aftermarket customers worldwide. It operates through four segments: Motorparts, Performance Solutions, Clean Air, and Powertrain. The Motorparts segment offers shock and strut, steering and suspension, braking, sealing, emissions control, engine, and maintenance products under the Monroe, Champion, Öhlins, MOOG, Walker, Fel-Pro, Wagner, Ferodo, Rancho, Thrush, National, Sealed Power, and other brands. The Performance Solutions segment designs, manufactures, markets, and distributes noise, vibration, and harshness performance materials; advanced suspension technologies; and ride control, braking, and systems protection products. The Clean Air segment offers catalytic converters and diesel oxidation catalysts; diesel particulate filters; burner systems; lean nitrogen oxide (NOx) traps; selective catalytic reduction (SCR) systems; hydrocarbon vaporizers and injectors; 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. The Powertrain segment provides pistons, piston rings, piston pins, cylinder liners, valvetrain products, valve seats and guides, ignition products, dynamic seals, bonded piston seals, combustion and exhaust gaskets, static gaskets and seals, engine bearings, industrial bearings, and bushings and washers. The company was formerly known as Tenneco Automotive Inc. and changed its name to Tenneco Inc. in 2005. Tenneco Inc. was incorporated in 1996 and is based in Southfield, Michigan.

Key Stats

• Today's Range: $16.08 to $16.56
• 50-Day Range: $18.25 to $19.99
• 52-Week Range: $9.51 to $19.99
• Volume: 345,218 shs
• Average Volume: 394,947 shs
• Market Capitalization: $476.29 million
• P/E Ratio: 2.95
• Dividend Yield: 7.43%
• Price Target: $31.00
• Consensus Rating: Buy

Tenneco Stock Analysis - MarketRank™

Tenneco scored higher than 96% of companies evaluated by MarketBeat, and ranked 10th out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Tenneco has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Tenneco has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 78.96%

Earnings Growth

Earnings for Tenneco are expected to grow by 78.96% in the coming year, from $3.47 to $6.21 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Tenneco is 2.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tenneco is 2.95, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.84.

Price to Book Value per Share Ratio

Tenneco has a P/B Ratio of 0.29. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.09% of the float of Tenneco has been sold short.

Short Interest Ratio / Days to Cover

Tenneco has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tenneco has recently decreased by 7.05%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Tenneco is a leading dividend payer. It pays a dividend yield of 6.68%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Tenneco does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Tenneco is 21.90%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Tenneco will have a dividend payout ratio of 19.32% next year. This indicates that Tenneco will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.3 / 5
• Environmental Score: -2.90

Percentage of Shares Shorted

2.09% of the float of Tenneco has been sold short.

Short Interest Ratio / Days to Cover

Tenneco has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tenneco has recently decreased by 7.05%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: N/A

Search Interest

5 people have searched for TEN on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.

MarketBeat Follows

3 people have added Tenneco to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Tenneco insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.41% of the stock of Tenneco is held by insiders.

Percentage Held by Institutions

Only 19.24% of the stock of Tenneco is held by institutions.

TEN Stock Analysis - Frequently Asked Questions

How were Tenneco's earnings last quarter?

Tenneco Inc. (NYSE:TEN) released its quarterly earnings data on Friday, November, 5th. The auto parts company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The company's revenue was up 1.8% compared to the same quarter last year.

Does Tenneco have any subsidiaries?

Tenneco subsidiaries include Federal-Mogul, Gabilan Manufacturing, Pullman, A.E. Group Machines Limited, AE International Limited, Anand I-Power Limited, Anqing TP Goetze Liner Co. Ltd., and others.

What other stocks do shareholders of Tenneco own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tenneco investors own include Alibaba Group (BABA), Meta Platforms (META), Micron Technology (MU), NVIDIA (NVDA), Tesla (TSLA), Applied Materials (AMAT) and General Motors (GM).

Company Calendar

• Last Earnings: 11/05/2021
• Ex-Dividend for 12/20 Dividend: 12/16/2024
• Dividend Payable: 12/20/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: Auto Parts & Equipment
• Current Symbol: NYSE:TEN
• CUSIP: 88034910
• CIK: 1024725
• Web: www.tenneco.com
• Phone: (847) 482-5000
• Fax: 847-482-5940
• Employees: 71,000
• Year Founded: 1930

Price Target and Rating

• Average Stock Price Target: $31.00
• High Stock Price Target: $40.00
• Low Stock Price Target: $22.00
• Potential Upside/Downside: +92.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.48
• Trailing P/E Ratio: 2.95
• Forward P/E Ratio: 4.65
• P/E Growth: N/A
• Net Income: $300.18 million
• Net Margins: 22.57%
• Pretax Margin: 23.11%
• Return on Equity: 19.07%
• Return on Assets: 9.04%

Debt

• Debt-to-Equity Ratio: 0.88
• Current Ratio: 1.32
• Quick Ratio: 1.28

Sales & Book Value

• Annual Sales: $889.57 million
• Price / Sales: 0.54
• Cash Flow: $11.70 per share
• Price / Cash Flow: 1.38
• Book Value: $55.62 per share
• Price / Book: 0.29

Miscellaneous

• Outstanding Shares: 29,510,000
• Free Float: 29,090,000
• Market Cap: $476.29 million
• Optionable: Optionable
• Beta: -0.19