Tennant (TNC) Receiving Somewhat Positive Media Coverage, Study Shows
News headlines about Tennant (NYSE:TNC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tennant earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.7966975363293 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Tennant (NYSE:TNC) opened at $62.70 on Monday. The stock has a market capitalization of $1,119.32, a price-to-earnings ratio of 30.14, a P/E/G ratio of 3.36 and a beta of 1.06. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.09 and a quick ratio of 1.39. Tennant has a 52 week low of $60.05 and a 52 week high of $76.80.
Tennant (NYSE:TNC) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.29). The firm had revenue of $261.92 million during the quarter, compared to analysts’ expectations of $252.13 million. Tennant had a return on equity of 13.07% and a net margin of 1.32%. The business’s revenue was up 30.9% on a year-over-year basis. During the same quarter last year, the business earned $0.64 EPS. analysts forecast that Tennant will post 1.56 earnings per share for the current fiscal year.
The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.34%. Tennant’s payout ratio is currently 123.53%.
A number of brokerages recently issued reports on TNC. BidaskClub upgraded Tennant from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded Tennant from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. TheStreet lowered Tennant from a “b-” rating to a “c+” rating in a research note on Wednesday, August 9th. Finally, Dougherty & Co restated a “neutral” rating on shares of Tennant in a research note on Sunday, November 12th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company presently has a consensus 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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