Press coverage about Tennant (NYSE:TNC) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tennant earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 45.1102529349392 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Brain Corp and Tennant Company Team Up to Introduce Autonomous Cleaning Machines (globenewswire.com)
- Worldwide Facilities Acquires Tennant Risk Services; Expands Presence in the Professional Liability and Specialty Insurance Market (prweb.com)
- Head to Head Survey: Tennant (TNC) versus Welbilt (WBT) (americanbankingnews.com)
- Welbilt (WBT) versus Tennant (TNC) Head-To-Head Analysis (americanbankingnews.com)
Several analysts have weighed in on TNC shares. Dougherty & Co upgraded Tennant from a “neutral” rating to a “buy” rating in a research report on Monday, February 26th. Zacks Investment Research upgraded Tennant from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 13th.
Tennant (NYSE:TNC) last posted its earnings results on Thursday, February 22nd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). Tennant had a negative net margin of 0.62% and a positive return on equity of 9.68%. The business had revenue of $279.30 million for the quarter, compared to analysts’ expectations of $262.13 million. During the same period last year, the firm posted $0.85 earnings per share. Tennant’s quarterly revenue was up 31.9% on a year-over-year basis. equities analysts anticipate that Tennant will post 1.89 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.84 annualized dividend and a dividend yield of 1.19%. Tennant’s dividend payout ratio (DPR) is presently 54.55%.
In other 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 transaction, the insider now directly owns 24,035 shares of the company’s stock, valued at $1,752,151.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.60% of the stock is currently owned by insiders.
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Tennant Company Profile
Tennant Company designs, manufactures, and markets floor cleaning equipment. It offers a suite of products, including floor maintenance and outdoor cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, specialty surface coatings, and asset management solutions.
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