Tennant (NYSE:TNC) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.30-2.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.49. The company issued revenue guidance of $1.15-1.17 billion, compared to the consensus revenue estimate of $1.17 billion.
NYSE:TNC traded up $0.48 during mid-day trading on Thursday, hitting $62.07. 35,328 shares of the stock were exchanged, compared to its average volume of 59,422. The stock has a market cap of $1.12 billion, a P/E ratio of 40.31, a PEG ratio of 2.60 and a beta of 1.07. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 1.03. Tennant has a fifty-two week low of $48.97 and a fifty-two week high of $86.03.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 28th will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, February 27th. This represents a $0.88 annualized dividend and a yield of 1.42%. Tennant’s payout ratio is currently 57.14%.
Separately, Zacks Investment Research raised Tennant from a hold rating to a buy rating and set a $64.00 price target for the company in a report on Tuesday, January 22nd.
ILLEGAL ACTIVITY WARNING: This story was published by Macon Daily and is the property of of Macon Daily. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://macondaily.com/2019/02/21/tennant-tnc-updates-fy19-earnings-guidance.html.
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.
Recommended Story: Technical Analysis of Stocks, How Can It Help
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.