It’s Time To Focus On The Long Run With Tenneco Inc. (TEN) stock

The closing price of Tenneco Inc. (NYSE: TEN) was 18.68 for the day, down -0.32% from the previous closing price of $18.74. In other words, the price has decreased by $-0.06 from its previous closing price. On the day, 1920363 shares were traded. TEN reached its highest trading level at $18.85 during the session, while it also had its lowest trading level at $18.60.

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Our analysis of TEN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 1.20.

Upgrades & Downgrades

On April 01, 2021, Jefferies started tracking the stock assigning a Buy rating and target price of $13.Jefferies initiated its Buy rating on April 01, 2021, with a $13 target price.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09.

Stock Price History:

Over the past 52 weeks, TEN has reached a high of $19.59, while it has fallen to a 52-week low of $9.51. The 50-Day Moving Average of the stock is 18.98, while the 200-Day Moving Average is calculated to be 16.05.

Shares Statistics:

TEN traded an average of 1.37M shares per day over the past three months and 1.54M shares per day over the past ten days. A total of 83.60M shares are outstanding, with a floating share count of 81.42M. Insiders hold about 0.30% of the company’s shares, while institutions hold 83.90% stake in the company. Shares short for TEN as of Jul 14, 2022 were 10M with a Short Ratio of 8.69, compared to 9.5M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 11.99% and a Short% of Float of 13.79%.

Earnings Estimates

The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of $0.41 for the current quarter, with a high estimate of $0.93 and a low estimate of $-0.12, while EPS last year was $0.84. The consensus estimate for the next quarter is $1.22, with high estimates of $1.51 and low estimates of $1.01.

Analysts are recommending an EPS of between $4.38 and $1.6 for the fiscal current year, implying an average EPS of $2.86. EPS for the following year is $4.38, with 5 analysts recommending between $6.15 and $2.6.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $4.87B to a low estimate of $4.42B. As of the current estimate, Tenneco Inc.’s year-ago sales were $4.4B, an estimated increase of 3.50% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $4.91B, an increase of 13.30% over than the figure of $3.50% in the same quarter last year. There is a high estimate of $5.21B for the next quarter, whereas the lowest estimate is $4.51B.

A total of 6 analysts have provided revenue estimates for TEN’s current fiscal year. The highest revenue estimate was $19.19B, while the lowest revenue estimate was $18.26B, resulting in an average revenue estimate of $18.76B. In the same quarter a year ago, actual revenue was $18.04B, up 4.00% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $19.82B in the next fiscal year. The high estimate is $20.86B and the low estimate is $19B. The average revenue growth estimate for next year is up 5.60% from the average revenue estimate for this year.