Analysts expect Tennant Company (NYSE:TNC) to announce sales of $181.85 million for the current quarter, according to Zacks. Three analysts have provided estimates for Tennant Company’s earnings, with estimates ranging from $180.9 million to $183 million. Tennant Company reported sales of $179.86 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.1%. The company is scheduled to report its next quarterly earnings report before the market opens on Monday, April 24th.

According to Zacks, analysts expect that Tennant Company will report full-year sales of $181.85 million for the current fiscal year, with estimates ranging from $820 million to $821 million. For the next financial year, analysts anticipate that the company will report sales of $844.37 million per share, with estimates ranging from $835 million to $849.5 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Tennant Company.

Tennant Company (NYSE:TNC) last announced its earnings results on Thursday, February 23rd. The industrial products company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.09. Tennant Company had a return on equity of 17.78% and a net margin of 5.54%. The business earned $211.70 million during the quarter, compared to analysts’ expectations of $213.61 million. During the same quarter last year, the business posted $0.78 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis.

Several equities analysts recently commented on the company. Jefferies Group LLC raised their target price on Tennant Company from $62.00 to $65.00 and gave the stock a “hold” rating in a research report on Thursday, March 23rd. Canaccord Genuity downgraded Tennant Company from a “buy” rating to a “hold” rating in a research report on Wednesday, February 15th. Finally, Zacks Investment Research downgraded Tennant Company from a “hold” rating to a “sell” rating in a research report on Tuesday, February 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $69.00.

In other Tennant Company news, SVP Heidi M. Wilson sold 5,790 shares of Tennant Company stock in a transaction on Monday, March 6th. The stock was sold at an average price of $71.65, for a total value of $414,853.50. Following the completion of the transaction, the senior vice president now owns 25,433 shares in the company, valued at approximately $1,822,274.45. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven Alan Sonnenberg sold 6,000 shares of Tennant Company stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $72.17, for a total value of $433,020.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,290 shares of company stock valued at $1,385,699 in the last 90 days. 5.60% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of TNC. Municipal Employees Retirement System of Michigan increased its position in shares of Tennant Company by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,920 shares of the industrial products company’s stock valued at $254,000 after buying an additional 70 shares during the last quarter. Martin & Co. Inc. TN increased its position in shares of Tennant Company by 0.6% in the third quarter. Martin & Co. Inc. TN now owns 15,995 shares of the industrial products company’s stock valued at $1,036,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Tennant Company by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,200 shares of the industrial products company’s stock valued at $523,000 after buying an additional 100 shares during the last quarter. Rothschild Asset Management Inc. increased its position in shares of Tennant Company by 2.5% in the third quarter. Rothschild Asset Management Inc. now owns 4,879 shares of the industrial products company’s stock valued at $316,000 after buying an additional 120 shares during the last quarter. Finally, Isthmus Partners LLC increased its position in shares of Tennant Company by 1.0% in the third quarter. Isthmus Partners LLC now owns 17,542 shares of the industrial products company’s stock valued at $1,081,000 after buying an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 88.32% of the company’s stock.

Shares of Tennant Company (NYSE:TNC) traded down 0.77% on Friday, reaching $70.75. The company had a trading volume of 59,052 shares. Tennant Company has a one year low of $49.97 and a one year high of $76.80. The firm has a market cap of $1.25 billion, a P/E ratio of 27.32 and a beta of 1.04. The company has a 50-day moving average price of $71.34 and a 200-day moving average price of $69.72.

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Tennant Company 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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