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. Investors interested in listening to the company’s conference call can do so using this link.

Tennant (NYSE:TNC) last released its quarterly earnings results on Monday, February 17th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.13. Tennant had a return on equity of 21.50% and a net margin of 8.52%. The company had revenue of $328.90 million during the quarter, compared to analysts’ expectations of $324.00 million. On average, analysts expect Tennant to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Tennant Trading Up 3.2 %

NYSE:TNC opened at $88.73 on Thursday. Tennant has a 1 year low of $78.57 and a 1 year high of $124.11. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 15.65 and a beta of 1.01. The business has a fifty day moving average of $84.02 and a 200-day moving average of $88.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.43 and a current ratio of 2.17.

Tennant declared that its board has initiated a stock buyback program on Thursday, February 13th that allows the company to repurchase 2,000,000 shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Tennant Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.295 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.18 annualized dividend and a dividend yield of 1.33%. Tennant’s payout ratio is 20.81%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TNC shares. StockNews.com raised Tennant from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Northcoast Research initiated coverage on Tennant in a report on Thursday, December 19th. They issued a “buy” rating and a $125.00 price objective for the company.

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.