Tennant (TNC) to Release Earnings on Thursday

Tennant (NYSE:TNC) will be releasing its earnings data before the market opens on Thursday, February 22nd. Analysts expect Tennant to post earnings of $0.34 per share for the quarter.

Shares of Tennant (TNC) opened at $60.60 on Thursday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.39 and a current ratio of 2.09. Tennant has a 52 week low of $59.00 and a 52 week high of $76.80. The firm has a market capitalization of $1,093.41, a P/E ratio of 88.53, a price-to-earnings-growth ratio of 2.68 and a beta of 0.91.

In other Tennant news, insider Thomas Paulson sold 6,694 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $72.90, for a total transaction of $487,992.60. Following the sale, the insider now directly owns 24,035 shares of the company’s stock, valued at $1,752,151.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.70% of the company’s stock.

Several brokerages have weighed in on TNC. Zacks Investment Research cut Tennant from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Dougherty & Co reissued a “neutral” rating on shares of Tennant in a research note on Sunday, November 12th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $65.00.

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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.

Earnings History for Tennant (NYSE:TNC)

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