Tenneco (TEN) Q4 Earnings Miss, Revenues Meet Estimates
Tenneco Inc. Price, Consensus and EPS Surprise | Tenneco Inc. Quote. Segmental ResultsThe Clean Air division’s fourth-quarter revenues were $1.7 billion compared with the year-earlier figure of $1.6 billion.Revenues in the Ride Performance division were $469 million compared with $480 million recorded in the year-ago quarter.The Aftermarket division’s revenues were $268 million, down from $282 million generated in fourth-quarter 2017.Financial PositionTenneco had cash and cash equivalents of $697 million as of Dec 31, 2018, up from $315 million as of Dec 31, 2017. On a pro forma basis, it expects revenue growth rate to be 4-5% in constant dollars.Zacks Rank and Stocks to ConsiderTenneco currently carries a Zacks Rank #3 (Hold).A few better-ranked stocks in the auto space are Ferrari N.V. RACE, Oshkosh Corp. OSK and General Motors Company GM. While Ferrari currently sports a Zacks Rank #1 (Strong Buy), Oshkosh and General Motors carry a Zacks Rank #2 (Buy). Over the past three months, shares of the company have risen 9.7%.Is Your Investment Advisor Fumbling Your Financial Future?See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.”Click to get it free >>.