Tenneco Inc. (NYSE:TEN) stock identified change of 141.18% away from 52-week low price and recently located move of -74.30% off 52-week high price. It has market worth of $458.70M and dividend yield of 18.76%. TEN stock has been recorded 17.96% away from 50 day moving average and -45.63% away from 200 day moving average. Moving closer, we can see that shares have been trading 26.21% off 20-day moving average.
On May 08, 2020, Tenneco Inc. (NYSE:TEN) released first quarter 2020 revenue of $3.8 billion, versus $4.5 billion a year ago. Excluding unfavorable currency of $97M, total revenue decreased 12% versus last year, while light vehicle industry production* declined 23% in the quarter. Value-add revenue for the first quarter was $3.1 billion. The Company estimates the COVID-19 crisis represented approximately a $340 million negative impact on first quarter value-add revenue.
Including non-cash impairments of $854 million, $737 million after tax, the Company reported a net loss for first quarter 2020 of $839 million, or $(10.34) per diluted share, compared with a first quarter net loss of $117 million, or $(1.44) per diluted share in 2019. First quarter EBIT (earnings before interest, taxes and noncontrolling interests) was a loss of $845 million, versus a loss of $24 million last year. EBIT as a percent of revenue was -22.0% versus -0.5% last year.
First quarter 2020 adjusted net loss was $26 million, or $(0.31) per diluted share, compared with income of $42 million, or 52-cents per diluted share last year. First quarter adjusted EBITDA was $239 million versus $327 million last year. Adjusted EBITDA as a percent of value-add revenue was 7.6% versus 8.7% last year. Cash flow used in operations was $152 million, on par with last year despite the COVID-19 driven impact of lower earnings.
Tenneco responded quickly to the COVID-19 crisis to protect our team members’ health and safety while taking aggressive actions to mitigate the financial impact of the pandemic on the company, said Brian Kesseler, Tenneco’s Chief Executive Officer. We expanded on the structural cost reductions introduced last quarter, and implemented a range of temporary cost reductions including plant closures, deferment of discretionary spending and the reduction of capital expenditures. We have amended the terms of the company’s debt covenants to help us navigate the COVID-19-driven economic downturn, and adopted a shareholder rights plan to help protect the availability of Tenneco’s tax assets.
The Consumer Cyclical sector company, Tenneco Inc. noticed change of 17.66% to $5.33 along volume of 3486714 shares in recent session compared to an average volume of 2.16M. The stock observed return of 8.78% in 5 days trading activity. The stock was at 50.14% over one month performance. TEN’s shares are at -45.50% for the quarter and driving a -57.66% return over the course of the past year and is now at -59.31% since this point in 2018.
The average volatility for the week at 11.69% and for month was at 12.97%. There are 86.06M shares outstanding and 32.18M shares are floated in market. Right now the stock beta is 2.77.