Tennant (NYSE:TNC) Earning Somewhat Positive Press Coverage, Analysis Shows

Headlines about Tennant (NYSE:TNC) have been trending somewhat positive on Monday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tennant earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.6486277835644 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

A number of equities research analysts have recently commented on the stock. Dougherty & Co reiterated a “neutral” rating on shares of Tennant in a report on Sunday, November 12th. Zacks Investment Research upgraded shares of Tennant from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $65.00.

Tennant (TNC) opened at $63.15 on Monday. The firm has a market cap of $1,127.32, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 3.38 and a beta of 1.03. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.39 and a current ratio of 2.09. Tennant has a 12-month low of $60.05 and a 12-month high of $76.80.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.84 annualized dividend and a yield of 1.33%. Tennant’s dividend payout ratio is presently 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.

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