Tennant Rating Lowered to Neutral at Dougherty & Co (TNC)
Tennant (NYSE:TNC) was downgraded by Dougherty & Co from a “buy” rating to a “neutral” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
Tennant (NYSE:TNC) traded down 1.93% during mid-day trading on Thursday, hitting $62.90. The stock had a trading volume of 23,520 shares. Tennant has a one year low of $34.79 and a one year high of $56.27. The stock has a 50-day moving average of $53.27 and a 200-day moving average of $50.16. The company has a market cap of $1.158 billion and a price-to-earnings ratio of 28.87.
Tennant (NYSE:TNC) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.01. The company had revenue of $188.50 million for the quarter, compared to the consensus estimate of $186.83 million. During the same quarter last year, the company posted $0.47 earnings per share. Tennant’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that Tennant will post $2.32 EPS for the current fiscal year.
Tennant Company (NYSE:TNC), designs, manufactures and markets solutions that help create a cleaner, safer, healthier world.
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