Tennant (TNC) Expected to Announce Quarterly Earnings on Thursday

Tennant (NYSE:TNC) is projected to announce its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $1.34 per share and revenue of $323.27 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Tennant (NYSE:TNC) last announced its earnings results on Monday, February 17th. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. The business had revenue of $328.90 million during the quarter, compared to analyst estimates of $324.00 million. Tennant had a net margin of 6.51% and a return on equity of 19.98%. On average, analysts expect Tennant to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Tennant Price Performance

Shares of TNC opened at $87.46 on Tuesday. The firm has a market cap of $1.65 billion, a PE ratio of 19.97 and a beta of 1.01. The company has a current ratio of 1.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $84.22 and a two-hundred day simple moving average of $88.73. Tennant has a 1-year low of $78.57 and a 1-year high of $124.11.

Tennant Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.295 per share. The ex-dividend date is Friday, February 28th. This represents a $1.18 dividend on an annualized basis and a yield of 1.35%. Tennant’s dividend payout ratio is presently 26.94%.

Tennant announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 13th that authorizes the company to buyback 2,000,000 shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TNC has been the subject of a number of research reports. StockNews.com upgraded shares of Tennant from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 19th. Northcoast Research assumed coverage on Tennant in a research note on Thursday, December 19th. They issued a “buy” rating and a $125.00 price objective for the company.

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.