Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Tennant (TNC) Share Price

News headlines about Tennant (NYSE:TNC) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tennant earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 45.2287734425398 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern’s rankings:

TNC has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Tennant from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Dougherty & Co reissued a “neutral” rating on shares of Tennant in a report on Sunday, November 12th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $65.00.

Tennant (TNC) opened at $70.50 on Friday. The company has a quick ratio of 1.39, a current ratio of 2.09 and a debt-to-equity ratio of 1.29. Tennant has a twelve month low of $60.05 and a twelve month high of $76.80. The stock has a market cap of $1,243.36, a PE ratio of 33.49, a price-to-earnings-growth ratio of 3.73 and a beta of 1.03.

Tennant (NYSE:TNC) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.29). Tennant had a return on equity of 13.07% and a net margin of 1.32%. The business had revenue of $261.92 million during the quarter, compared to the consensus estimate of $252.13 million. During the same period in the prior year, the business earned $0.64 EPS. The business’s revenue was up 30.9% on a year-over-year basis. equities analysts expect that Tennant will post 1.56 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were issued a $0.21 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $0.84 dividend on an annualized basis and a yield of 1.19%. Tennant’s dividend payout ratio is currently 123.53%.

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About Tennant

Tennant Company is engaged in designing, manufacturing and marketing of cleaning solutions. The Company’s segments are Americas; Europe, Middle East, Africa, and Asia Pacific. The Company offers a range of products, including floor maintenance and outdoor cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings and asset management solutions.

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