Tennant (TNC) Getting Somewhat Favorable Press Coverage, Analysis Shows

Media stories about Tennant (NYSE:TNC) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tennant earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 45.3219751706286 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

TNC has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Tennant from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 9th. Dougherty & Co reaffirmed a “neutral” rating on shares of Tennant in a research report on Sunday, November 12th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Tennant presently has an average rating of “Hold” and an average target price of $65.00.

Tennant (NYSE TNC) opened at $73.60 on Friday. The stock has a market capitalization of $1,329.05, a price-to-earnings ratio of 108.24, a PEG ratio of 3.26 and a beta of 1.04. The company has a current ratio of 2.09, a quick ratio of 1.39 and a debt-to-equity ratio of 1.29. Tennant has a 12-month low of $60.05 and a 12-month high of $76.80.

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

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, November 29th. Tennant’s payout ratio is 123.53%.

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Tennant Company Profile

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.

Insider Buying and Selling by Quarter for Tennant (NYSE:TNC)

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