Tennant (NYSE:TNC – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.
Tennant Price Performance
TNC traded down $1.45 during trading on Thursday, hitting $92.42. The company’s stock had a trading volume of 137,574 shares, compared to its average volume of 125,033. The company has a quick ratio of 1.46, a current ratio of 2.17 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 15.35 and a beta of 1.00. The firm’s 50 day moving average price is $99.20 and its two-hundred day moving average price is $105.86. Tennant has a 12 month low of $72.81 and a 12 month high of $124.11.
Tennant (NYSE:TNC – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.11. The business had revenue of $331.00 million during the quarter, compared to analysts’ expectations of $327.00 million. Tennant had a return on equity of 22.23% and a net margin of 8.76%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.86 earnings per share. Sell-side analysts forecast that Tennant will post 6.48 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Tennant Company Profile
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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