Tennant Company (NYSE:TNC) is set to release its earnings data before the market opens on Monday, July 24th. Analysts expect Tennant to post earnings of $0.79 per share for the quarter.
Tennant (NYSE:TNC) last posted its quarterly earnings data on Monday, April 24th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.06. The business had revenue of $191.10 million for the quarter, compared to the consensus estimate of $181.82 million. Tennant had a net margin of 4.66% and a return on equity of 17.52%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. On average, analysts expect Tennant to post $2.52 EPS for the current fiscal year and $2.95 EPS for the next fiscal year.
Tennant Company (NYSE TNC) opened at 73.95 on Friday. Tennant Company has a 12-month low of $56.43 and a 12-month high of $76.80. The stock has a market capitalization of $1.32 billion, a P/E ratio of 34.62 and a beta of 1.07. The firm’s 50-day moving average is $73.97 and its 200 day moving average is $71.80.
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A number of research firms have recently weighed in on TNC. BidaskClub raised shares of Tennant from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 6th. Zacks Investment Research raised shares of Tennant from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Tennant has an average rating of “Hold” and an average price target of $69.00.
In related news, CFO Thomas Paulson sold 7,500 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $73.95, for a total value of $554,625.00. Following the sale, the chief financial officer now directly owns 31,755 shares of the company’s stock, valued at approximately $2,348,282.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Richard H. Zay sold 1,280 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $73.00, for a total transaction of $93,440.00. Following the completion of the sale, the senior vice president now directly owns 15,423 shares in the company, valued at $1,125,879. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,708 shares of company stock worth $790,274. 5.70% of the stock is owned by corporate insiders.
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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