Tennant (NYSE:TNC - Get Free Report) will likely be announcing its earnings results after the market closes on Thursday, February 27th. Analysts expect Tennant to post earnings of $1.34 per share and revenue of $323.27 million for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.
Tennant (NYSE:TNC - Get Free Report) last announced its earnings results on Monday, February 17th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.13. Tennant had a return on equity of 19.98% and a net margin of 6.51%. The business had revenue of $328.90 million for the quarter, compared to analysts' expectations of $324.00 million. On average, analysts expect Tennant to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Tennant Stock Performance
Shares of NYSE TNC traded down $2.21 during midday trading on Friday, hitting $86.96. 319,016 shares of the company's stock traded hands, compared to its average volume of 188,222. The firm has a fifty day moving average of $84.11 and a 200 day moving average of $88.92. Tennant has a 1 year low of $78.57 and a 1 year high of $124.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.43 and a current ratio of 1.97. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 19.85 and a beta of 1.01.
Tennant Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.295 per share. The ex-dividend date is Friday, February 28th. This represents a $1.18 annualized dividend and a yield of 1.36%. Tennant's dividend payout ratio (DPR) is 26.94%.
Tennant declared that its board has authorized a stock buyback program on Thursday, February 13th that allows the company to repurchase 2,000,000 outstanding shares. This repurchase authorization allows the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on TNC shares. StockNews.com raised shares of Tennant from a "buy" rating to a "strong-buy" rating in a research report on Wednesday. Northcoast Research initiated coverage on Tennant in a research report on Thursday, December 19th. They issued a "buy" rating and a $125.00 price target for the company.
View Our Latest Report on Tennant
About Tennant
(
Get Free Report)
Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, and asset management solutions.
See Also
Before you consider Tennant, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tennant wasn't on the list.
While Tennant currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
