Media stories about Tennant (NYSE:TNC) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tennant earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 45.4598357446615 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of brokerages recently issued reports on TNC. Zacks Investment Research cut shares of Tennant from a “hold” rating to a “sell” rating in a research note on Friday. Dougherty & Co restated a “neutral” rating on shares of Tennant in a research note on Sunday, November 12th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Tennant has a consensus rating of “Hold” and a consensus price target of $65.00.
Tennant (NYSE TNC) traded down $1.05 on Friday, reaching $66.25. 294,584 shares of the company’s stock traded hands, compared to its average volume of 124,830. The company has a quick ratio of 1.39, a current ratio of 2.09 and a debt-to-equity ratio of 1.29. The company has a market cap of $1,190.00, a PE ratio of 97.43, a P/E/G ratio of 2.95 and a beta of 0.91. Tennant has a 1-year low of $60.05 and a 1-year high of $76.80.
Tennant (NYSE:TNC) last posted its earnings results on Thursday, November 2nd. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.29). The company had revenue of $261.92 million for the quarter, compared to the consensus estimate of $252.13 million. Tennant had a net margin of 1.32% and a return on equity of 13.07%. Tennant’s revenue was up 30.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 EPS. research analysts forecast that Tennant will post 1.56 earnings per share for the current fiscal year.
In other news, insider Thomas Paulson sold 6,694 shares of the stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $72.90, for a total value of $487,992.60. Following the transaction, the insider now owns 24,035 shares in the company, valued at approximately $1,752,151.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.70% of the stock is currently owned by corporate insiders.
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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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