Tenneco Inc (TEN) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $1.17 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $1.10. The company posted revenue of $2136.00 million in the period, compared to analysts expectations of $2077.88 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS.
Many Wall Street Analysts have commented on Tenneco Inc. Company shares were Upgraded by Barclays on Feb 11, 2016 to ” Overweight”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .
Tenneco Inc opened for trading at $49.57 and hit $50.6 on the upside on Friday, eventually ending the session at $50.23, with a gain of 0.90% or 0.45 points. The heightened volatility saw the trading volume jump to 5,08,217 shares. Company has a market cap of $2,889 M.
In a different news, on Jan 5, 2016, John E Kunz (Vice President and Controller) sold 4,480 shares at $45.24 per share price. According to the SEC, on Dec 15, 2015, Joseph A. Pomaranski (Senior Vice President) sold 8,080 shares at $47.86 per share price. On Mar 17, 2015, Timothy E Jackson (Executive Vice President) sold 29,308 shares at $55.65 per share price, according to the Form-4 filing with the securities and exchange commission.
Tenneco Inc. (Tenneco) 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 serves both original equipment vehicle manufacturers (OEMs) and the repair and replacement markets or aftermarket across the world. The Company operates in six segments: North America Clean Air; North America Ride Performance; Europe South America and India Clean Air; Europe South America and India Ride Performance; Asia Pacific Clean Air and Asia Pacific Ride Performance. The Companys various brands include Monroe Rancho Clevite Elastomers Marzocchi Axios Kinetic and Fric-Rot Walker XNOx Fonos DynoMax and Thrush clean air products. As a parts supplier it produces individual component parts for vehicles as well as groups of components that are combined as modules or systems within vehicles.