Tennant (NYSE:TNC) SVP Richard H. Zay sold 664 shares of the company’s stock in a transaction that occurred on Monday, April 23rd. The shares were sold at an average price of $73.00, for a total transaction of $48,472.00. Following the sale, the senior vice president now directly owns 16,065 shares of the company’s stock, valued at $1,172,745. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NYSE TNC opened at $74.45 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.79 and a quick ratio of 1.25. The firm has a market capitalization of $1,248.12, a PE ratio of 48.34, a PEG ratio of 3.68 and a beta of 0.85. Tennant has a 1 year low of $59.00 and a 1 year high of $77.20.
Tennant (NYSE:TNC) last announced its quarterly earnings data on Monday, April 23rd. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.12. The firm had revenue of $272.80 million during the quarter, compared to analysts’ expectations of $251.93 million. Tennant had a negative net margin of 0.62% and a positive return on equity of 9.68%. The company’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 earnings per share. research analysts predict that Tennant will post 1.89 earnings per share for the current fiscal year.
TNC has been the subject of a number of research reports. Zacks Investment Research raised shares of Tennant from a “strong sell” rating to a “hold” rating in a report on Saturday, January 13th. Dougherty & Co raised shares of Tennant from a “neutral” rating to a “buy” rating in a research note on Monday, February 26th.
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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