Tenneco Inc (TEN) Reports Earnings Beat

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This morning should be interesting for shares of Tenneco Inc (NYSE:TEN), after the company reported earnings that beat Wall Street’s expectations for the Fourth Quarter. The company reported earnings (adjusted for one-time gains and costs) of $1.39 per share, compared to analysts expectations of just $1.14 per share. Additionally, the company reported revenue of $2.03 billion which came in on par with the Street’s expectations.

For the fiscal year, Tenneco Inc (NYSE:TEN) showed a profit of $247 million, which equates to $4.11 per share on revenue of $8.21 billion. The stock closed at $35.59 during the last trading session. It is down 36.45% since July 6, 2015 and is downtrending. It has underperformed the S&P500 by 26.97%.

From a total of 4 analysts covering Tenneco Inc (NYSE:TEN) stock, 1 rate it a “Buy”, 0 a “Sell”, and 3 a “Hold”. This means that 25% of the ratings are positive. The highest target price is $73 while the lowest target price is $50. The mean of all analyst targets is $59.86 which is 68.19% above today’s ($35.59) stock price. Tenneco Inc was the topic of 13 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on January 25 with a “Equal Weight” rating.

The institutional sentiment decreased to 0.83 in Q2 2015. It’s down 0.12, from 0.95 in 2015Q2. The ratio dropped, as 46 funds sold all their Tenneco Inc shares they owned while 86 reduced their positions. 35 funds bought stakes while 75 increased their total positions. Institutions now own 48.05 million shares which is 12.89% less than the previous share count of 55.17 million in 2015Q2.

Archer Capital Management L.P. holds 5.25% of its total portfolio in Tenneco Inc, equating to 830,070 shares. Moon Capital Management Lp owns 143,602 shares representing 3.78% of their total US portfolio. Moreover, Lyrical Asset Management Lp has 2.61% of their total portfolio invested in the company, equating to 1.94 million shares. The Tennessee-based Southernsun Asset Management Llc has a total of 1.86% of their portfolio invested in the stock. Icm Asset Management Inc Wa, a Washington-based fund reported 19,005 shares owned.

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 has a market cap of $2.03 billion. The Firm serves both original equipment vehicle manufacturers (OEMs) and the repair and replacement markets, or aftermarket, across the world. It has 10.88 P/E ratio. The Firm operates in six divisions: 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.