Tennant (NYSE:TNC – Get Free Report) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Friday.
Tennant Price Performance
TNC stock traded down $4.33 on Friday, reaching $83.24. The company had a trading volume of 133,328 shares, compared to its average volume of 117,560. Tennant has a 1 year low of $79.52 and a 1 year high of $124.11. The company has a market cap of $1.57 billion, a P/E ratio of 14.38 and a beta of 1.00. The company’s fifty day moving average is $92.94 and its 200 day moving average is $99.40. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 2.17.
Tennant (NYSE:TNC – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. Tennant had a return on equity of 22.23% and a net margin of 8.76%. The company had revenue of $315.80 million during the quarter, compared to analyst estimates of $319.40 million. During the same period in the prior year, the firm posted $1.34 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. On average, research analysts forecast that Tennant will post 6.48 earnings per share for the current year.
Hedge Funds Weigh In On Tennant
About Tennant
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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