News headlines about Tennant (NYSE:TNC) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tennant earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.6128605381532 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Tennant (NYSE TNC) opened at $65.10 on Thursday. Tennant has a one year low of $60.05 and a one year high of $76.80. The stock has a market cap of $1,150.00, a PE ratio of 30.94, a P/E/G ratio of 3.45 and a beta of 1.03. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.39 and a current ratio of 2.09.
Tennant (NYSE:TNC) last announced its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, missing the 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 analysts’ expectations of $252.13 million. During the same period in the prior year, the company posted $0.64 EPS. The firm’s revenue was up 30.9% on a year-over-year basis. equities analysts expect that Tennant will post 1.56 earnings per share for the current year.
The firm 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 dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.84 annualized dividend and a yield of 1.29%. Tennant’s dividend payout ratio is presently 123.53%.
TNC has been the subject of a number of research reports. Zacks Investment Research cut shares of Tennant from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 9th. BidaskClub cut shares of Tennant from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. TheStreet cut shares of Tennant from a “b-” rating to a “c+” rating in a research note on Wednesday, August 9th. Finally, Dougherty & Co reaffirmed a “neutral” rating on shares of Tennant in a research note on Sunday, November 12th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $65.00.
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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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