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Tenneco Inc. (TEN)

NYSE - NYSE Delayed Price. Currency in USD
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7.71-0.15 (-1.91%)
At close: 4:00PM EDT
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  • F
    FrankN
    TENNECO INC sec form 4 filings insider trading, stock buying and selling.
    TENNECO INC sec form 4 filings insider trading, stock buying and selling.
    www.secform4.com
  • j
    john
    This is not good. Q2 lost another $4.30/share. Shareholder's equity is now $74 million. It was $1425 million end of 2019.
  • b
    bessler
    I started following "lionstock-aletrs” (Gooogle it - off course without any space or dash in between the words) and their notifications are better than anyone else.
  • k
    k
    Tenneco swung to a net loss of $350 million in the second quarter from a $26 million gain the year before as its customers' COVID-19 production shutdowns gutted revenue for the quarter ending June 30.
    Its adjusted net loss was $175 million, compared with income of $97 million the year before.
    The powertrain, ride performance and aftermarket parts supplier said revenue fell 42% to $2.6 billion because of lower light-vehicle sales.
    Tenneco reported cash balances of $1.37 billion as of June 30 and claimed that it has "adequate liquidity" to weather the next few quarters.
    Tenneco said on the earnings call that it will slash salary costs over 25 percent in the quarter. Executives reduced their salaries by 50 to 100 percent. Salary reductions will allegedly continue into the third quarter at 10 to 20 percent.
    Tenneco refuses to issue a 2020 financial outlook.
    The company said it hopes third-quarter revenue "to improve substantially" but fall short of year-earlier results. A meaningless statement indeed.
    Tenneco also said it expects "sequential improvement in cash from operations" from continued cost savings and capital management, which equates to more empty “blah”.
    CEO Brian Kesseler says that despite the difficult times facing our industry, he remains confident in the company’s ability to weather the current economic downturn and emerge stronger than when we entered. Boy, if I had a dime for each time a CEO said that a few months before they announced Chapter 11.
  • m
    moseley
    I started following "awesomestokcalerts" (Gooogle it - off course without any space or dash in between the words) and their notifications are better than anyone else.
  • F
    F4X4
    Great company, but waiting to add under 7.5
  • w
    webman1293
    Tenneco stock price target raised to $10 from $7 at Deutsche Bank!!!!! Just saw it on my TD Ameritrade app.
  • B
    Billy
    Looks like the Hartwell plant is not closing anytime soon. Two assembly lines and one of the support departments will stay for several note years. This is going to cost the company several million in cost penalties.
  • J
    Joe
    Simon Property Group, Inc.
    $TEN BILLION PER WEEK just disappeared from 23,000,000 potential consumers. If you're in this....research Senate leaves Washington as new stimuls package can't be negotiated. Wait until this sinks into Markets.
  • J
    J
    What will earnings look like?
  • J
    Joaquin
    this is going to 10.25 fill this gap soon
  • t
    thomas
    Is the Dividend safe and sustainable going forward ???
    Stock has made accidental high yielder list with great potential upside.
    Morningstar quotes:
    In our opinion, the market overreacted to the May 9 news, selling shares down by a whopping 37%. We think the market has unfairly punished Tenneco's valuation for what we view as transient issues. While postponing the spin-off indicates integration difficulties, we have already assumed as much in our Stage I forecast. Our 2019 revenue estimate was $18.2 billion, and our adjusted EBITDA margin assumption was already 10.5%. Lowering our 2019 revenue estimate to $17.9 billion with an adjusted EBITDA margin of 10.0%, while maintaining our normalized sustainable midcycle 11.2% margin assumption, caused little variance in our enterprise value. This 5-star-rated stock trades at a compelling 83% discount to our $73 fair value estimate.
  • w
    wave_length
    TEN is trading as though it is on the verge of bankruptcy. Does anyone have factual information about the dividend cut and/or other serious financial problems? I know the $104 debt per share is exceedingly high.
  • J
    Jack
    Predictions that this stock is bouncing along the bottom and will do so through the election year, with tariffs being a key driver, but that we will see the valuation uptrend as global trade concerns settle (to a less volatile but still negative state). Election years are ALWAYS rough on the markets, but I see this stock easily reaching $35+ post election, and could even partially buck an overall market downtrend under a democratic presidency, due to the easing of tariff issues. However, I do not think they will achieve valuation levels of pre-Fed Mogul acquisition, due to excessive leverage. Just my take. Appreciate any thoughtful response or rebuttal.
  • l
    linda
    When is upper management going to take 50+% pay cuts, NO stock options, NO bonus and NO fringe benefits? When is upper management going to start sacrificing like they've been expect employees to sacrifice for years now?
  • T
    Tron
    Just add 1100 shares @ 9.9. Hope they will announce dividend. I like they Monroe products.
  • I
    IYAD
    I’m in the automotive parts business , every times there is a crisis , my business booms , because people stop buying new cars . My best two years of business were on 2008-2009 . Federal mogul supplies engine and suspension parts to big factories , like ford , Gm , Chrysler and even Mercedes , they have the best quality and they have factories in china ,India , they are selling as after market brand too . I’m buying Ten step by step .
    Bullish
  • S
    Steve
    What is going on with this stock/company? All green on the board except TEN. Still going down and no news.
  • S
    Steve
    Zacks has a strong sell on TEN. That's an indication to BUY.