Tennant (NYSE:TNC) released its earnings results on Thursday. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.76, MarketWatch Earnings reports. Tennant had a return on equity of 14.54% and a net margin of 4.32%. The firm had revenue of $214.00 million during the quarter, compared to analysts’ expectations of $224.80 million.
Shares of TNC traded up $0.16 during midday trading on Friday, hitting $66.62. 113,972 shares of the company traded hands, compared to its average volume of 61,311. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 3.27 and a beta of 1.14. The firm has a 50 day moving average of $64.69 and a 200-day moving average of $66.67. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.91 and a current ratio of 1.83. Tennant has a 52 week low of $46.64 and a 52 week high of $87.06.
Separately, Zacks Investment Research upgraded Tennant from a “hold” rating to a “strong-buy” rating and set a $76.00 price target for the company in a research note on Saturday.
Tennant Company designs, manufactures, and markets floor cleaning equipment worldwide. The company 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.
Featured Article: Gap Down Stocks
Receive News & Ratings for Tennant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tennant and related companies with MarketBeat.com's FREE daily email newsletter.