Tennant (TNC) Earns Daily News Impact Score of 0.04
Media headlines about Tennant (NYSE:TNC) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tennant earned a news impact score of 0.04 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 47.0839801954357 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Tennant (NYSE:TNC) traded up $1.70 during mid-day trading on Friday, hitting $62.40. The stock had a trading volume of 174,100 shares, compared to its average volume of 79,767. The company has a current ratio of 2.09, a quick ratio of 1.39 and a debt-to-equity ratio of 1.29. The firm has a market cap of $1,110.00, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 3.25 and a beta of 1.06. Tennant has a twelve month low of $60.05 and a twelve month high of $76.80.
Tennant (NYSE:TNC) last announced its earnings results on Thursday, November 2nd. The industrial products company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ 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 quarterly revenue was up 30.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 earnings per share. research analysts forecast that Tennant will post 1.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.35%. The ex-dividend date is Wednesday, November 29th. Tennant’s dividend payout ratio is currently 123.53%.
TNC has been the topic of several recent research reports. Zacks Investment Research upgraded Tennant from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub upgraded Tennant from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, TheStreet lowered Tennant from a “b-” rating to a “c+” rating in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Tennant has an average rating of “Hold” and a consensus 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.
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