Tennant (TNC) Receives News Sentiment Rating of 0.09
News stories about Tennant (NYSE:TNC) have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tennant earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 46.5153773023174 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
TNC has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Tennant from a “hold” rating to a “strong sell” rating in a report on Thursday, November 9th. Dougherty & Co restated a “neutral” rating on shares of Tennant in a report on Sunday, November 12th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $65.00.
Tennant (TNC) opened at $62.45 on Tuesday. Tennant has a one year low of $60.05 and a one year high of $76.80. The firm has a market cap of $1,127.32, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 3.38 and a beta of 1.03. 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 (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 Zacks’ consensus estimate of $0.61 by ($0.29). Tennant had a net margin of 1.32% and a return on equity of 13.07%. The business had revenue of $261.92 million for the quarter, compared to the consensus estimate of $252.13 million. During the same period in the prior year, the business posted $0.64 EPS. Tennant’s revenue for the quarter was up 30.9% on a year-over-year basis. equities research analysts expect that Tennant will post 1.56 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Wednesday, November 29th. Tennant’s dividend payout ratio is 123.53%.
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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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