News headlines about Tennant (NYSE:TNC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press 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 one, with scores nearest to one being the most favorable. Tennant earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 48.1383300587693 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s rankings:
Several equities research analysts have commented on TNC shares. Zacks Investment Research downgraded Tennant from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Dougherty & Co raised Tennant from a “neutral” rating to a “buy” rating in a report on Monday, February 26th.
Tennant stock traded down $2.15 during mid-day trading on Friday, hitting $68.25. The company had a trading volume of 143,748 shares, compared to its average volume of 107,746. The company has a current ratio of 1.79, a quick ratio of 1.25 and a debt-to-equity ratio of 1.16. Tennant has a 12 month low of $59.00 and a 12 month high of $76.80. The company has a market capitalization of $1,220.38, a price-to-earnings ratio of 44.32, a price-to-earnings-growth ratio of 3.60 and a beta of 0.86.
Tennant (NYSE:TNC) last released its earnings results on Thursday, February 22nd. The industrial products company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). Tennant had a positive return on equity of 9.68% and a negative net margin of 0.62%. The company had revenue of $279.30 million during the quarter, compared to the consensus estimate of $262.13 million. During the same period last year, the firm posted $0.85 earnings per share. The company’s revenue was up 31.9% compared to the same quarter last year. equities research analysts predict that Tennant will post 1.89 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Tuesday, February 27th. Tennant’s dividend payout ratio is currently 54.55%.
In other news, insider Thomas Paulson sold 6,694 shares of the business’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $72.90, for a total value of $487,992.60. Following the completion of the transaction, the insider now owns 24,035 shares in the company, valued at $1,752,151.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is owned by insiders.
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Tennant Company designs, manufactures, and markets floor cleaning equipment. It offers a suite of products, including floor maintenance and outdoor cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, specialty surface coatings, and asset management solutions.
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