Headlines about Tennant (NYSE:TNC) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tennant earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.4096959295649 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Several equities analysts have recently commented on the company. BidaskClub cut Tennant from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. TheStreet cut Tennant from a “b-” rating to a “c+” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research cut Tennant from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Tennant currently has an average rating of “Hold” and a consensus price target of $65.00.

Tennant (TNC) traded up 0.32% during midday trading on Friday, hitting $63.35. The company had a trading volume of 80,608 shares. The company has a market cap of $1.13 billion, a P/E ratio of 55.67 and a beta of 1.11. The company’s 50 day moving average is $63.00 and its 200-day moving average is $70.26. Tennant has a one year low of $60.05 and a one year high of $76.80.

Tennant (NYSE:TNC) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.19). Tennant had a return on equity of 15.39% and a net margin of 2.32%. The firm had revenue of $270.79 million for the quarter, compared to analyst estimates of $268.32 million. During the same period in the previous year, the business posted $0.85 EPS. Tennant’s revenue for the quarter was up 24.9% compared to the same quarter last year. On average, equities analysts predict that Tennant will post $2.28 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Tuesday, August 29th. Tennant’s payout ratio is presently 75.00%.

WARNING: This article was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/09/23/tennant-tnc-receiving-somewhat-positive-press-coverage-analysis-shows.html.

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.

Insider Buying and Selling by Quarter for Tennant (NYSE:TNC)

Receive News & Ratings for Tennant Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tennant Company and related companies with MarketBeat.com's FREE daily email newsletter.