Tennant (TNC) Expected to Announce Quarterly Earnings on Thursday

Tennant (NYSE:TNCGet Free Report) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $1.34 per share and revenue of $323.27 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Tennant (NYSE:TNCGet Free Report) last issued its quarterly earnings results on Monday, February 17th. The industrial products company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. Tennant had a return on equity of 19.98% and a net margin of 6.51%. The firm 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 TNC opened at $87.46 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 1.97 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average price is $84.22 and its 200-day moving average price is $88.73. Tennant has a 52 week low of $78.57 and a 52 week high of $124.11. The stock has a market cap of $1.65 billion, a P/E ratio of 19.97 and a beta of 1.01.

Tennant announced that its Board of Directors has approved a share repurchase program on Thursday, February 13th that authorizes the company to repurchase 2,000,000 outstanding shares. This repurchase authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Tennant Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.295 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.35%. Tennant’s dividend payout ratio is currently 26.94%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Northcoast Research started coverage on Tennant in a research report on Thursday, December 19th. They issued a “buy” rating and a $125.00 price target on the stock. StockNews.com upgraded shares of Tennant from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 19th.

Check Out Our Latest Stock Analysis 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.

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Earnings History for Tennant (NYSE:TNC)

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