Tennant (TNC) Earning Somewhat Positive News Coverage, Study Finds
Media coverage about Tennant (NYSE:TNC) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tennant earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 45.4598357446615 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Tennant (TNC) opened at $72.35 on Thursday. The company has a market capitalization of $1,290.00, a PE ratio of 106.40, a PEG ratio of 3.22 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 1 year low of $60.05 and a 1 year high of $76.80.
Tennant (NYSE:TNC) last released its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate 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 company’s revenue for the quarter was up 30.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 EPS. research analysts forecast that Tennant will post 1.56 EPS for the current year.
TNC has been the topic of several analyst reports. Zacks Investment Research lowered Tennant from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 9th. Dougherty & Co reissued a “neutral” rating on shares of Tennant in a research note on Sunday, November 12th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $65.00.
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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