Tennant Company (TNC) to Release Earnings on Thursday
Tennant Company (NYSE:TNC) is set to release its earnings data before the market opens on Thursday, November 2nd. Analysts expect Tennant to post earnings of $0.61 per share for the quarter. Tennant has set its FY17 guidance at $2.20-2.40 EPS.
Tennant (NYSE:TNC) last announced its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.19). Tennant had a net margin of 2.32% and a return on equity of 15.39%. The firm had revenue of $270.79 million for the quarter, compared to analyst estimates of $268.32 million. During the same period in the previous year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. On average, analysts expect Tennant to post $2.29 EPS for the current fiscal year and $2.89 EPS for the next fiscal year.
Shares of Tennant Company (TNC) opened at 70.25 on Thursday. The company has a market capitalization of $1.25 billion, a P/E ratio of 61.73 and a beta of 1.13. The firm has a 50-day moving average price of $65.90 and a 200-day moving average price of $69.55. Tennant Company has a one year low of $60.05 and a one year high of $76.80.
Several equities research analysts have recently issued reports on TNC shares. BidaskClub lowered shares of Tennant from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Tennant from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, TheStreet downgraded shares of Tennant from a “b-” rating to a “c+” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $65.00.
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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