Tenneco (TEN) has a market cap of $3.6 billion. It fell 0.45% to close at $64.37 per share on December 21, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 0.88%, 9.5%, and 40.2%, respectively, on the same day. TEN is trading 3.0% above its 20-day moving average, 11.1% above its 50-day moving average, and 19.0% above its 200-day moving average.
Related ETF and peers
The iShares Dow Jones US Consumer Goods Sector Index ETF (IYK) invests 0.14% of its holdings in Tenneco. The YTD price movement of IYK was 5.5% on December 21. The market caps of Tenneco’s competitors are as follows:
Latest news on TEN
Ben Patel has been promoted to chief technology officer, effective March 31, 2017, after it was announced that executive vice president and chief technology officer Tim Jackson would be retiring.
Performance of Tenneco in 3Q16
Tenneco (TEN) reported 3Q16 net sales and operating revenue of $2.1 billion, a rise of 5.0% over the net sales and operating revenue of $2.0 billion in 3Q15. This rise was due to higher global light vehicle sales. The value-add revenue of the Clean Air division, the substrate sales of the Clean Air division, and the value-add revenue of the Ride Performance division rose 4.6%, 1.9%, and 3.1%, respectively, between 3Q15 and 3Q16.
Its net income and EPS (earnings per share) rose to $180.0 million and $3.21, respectively, in 3Q16, compared with $52.0 million and $0.88, respectively, in 3Q15. It reported non-GAAP[1. generally accepted accounting principles] EBITDA[2. earnings before interest, taxes, depreciation, and amortization] and non-GAAP EPS of $212.0 million and $1.53, respectively, in 3Q16, a rise of 6.0% and 25.4%, respectively, over 3Q15.
Tenneco’s cash and cash equivalents and inventories rose 12.9% and 10.4%, respectively, between 4Q15 and 3Q16. Its long-term debt-to-equity ratio fell to 2.1x in 3Q16, compared with 2.6x in 4Q15.
Tenneco expects total revenue growth of 3% and 6% for 4Q16 and 2016, respectively. For an ongoing analysis of this sector, please visit Market Realist’s Consumer Discretionary page.