Tennant (TNC) Given Daily Coverage Optimism Score of 0.07

Media headlines about Tennant (NYSE:TNC) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded 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 0.07 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.6128605381532 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Tennant (TNC) traded down $0.35 during midday trading on Friday, reaching $72.65. The company had a trading volume of 100,573 shares, compared to its average volume of 105,377. Tennant has a 12 month low of $60.05 and a 12 month high of $76.80. The stock has a market capitalization of $1,303.16, a P/E ratio of 106.84, a PEG ratio of 3.91 and a beta of 1.03. 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 (NYSE:TNC) last announced its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.29). Tennant had a net margin of 1.37% and a return on equity of 4.94%. The business had revenue of $261.92 million during the quarter, compared to analysts’ expectations of $252.13 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Tennant’s revenue was up 30.9% on a year-over-year basis. sell-side analysts anticipate that Tennant will post 1.56 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were given a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 1.16%. Tennant’s payout ratio is 123.53%.

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

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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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