Analysts See $0.79 EPS for Tennant Company (TNC)

July 19, 2017 - By Nellie Frank

 Analysts See $0.79 EPS for Tennant Company (TNC)
Investors sentiment decreased to 1.2 in Q4 2016. Its down 0.02, from 1.22 in 2016Q3. It dropped, as 9 investors sold Tennant Company shares while 46 reduced holdings. 24 funds opened positions while 42 raised stakes. 15.54 million shares or 1.69% more from 15.28 million shares in 2016Q3 were reported.
Prudential stated it has 0% in Tennant Company (NYSE:TNC). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% in Tennant Company (NYSE:TNC) or 475 shares. Blackrock owns 1,730 shares or 0% of their US portfolio. The Texas-based Barrow Hanley Mewhinney & Strauss Ltd Liability Co has invested 0.01% in Tennant Company (NYSE:TNC). Emerald Advisers Pa has 0.84% invested in Tennant Company (NYSE:TNC). Gabelli Funds Lc, New York-based fund reported 280,000 shares. Great West Life Assurance Com Can holds 22,224 shares. State Board Of Administration Of Florida Retirement has invested 0% in Tennant Company (NYSE:TNC). Public Employees Retirement Association Of Colorado invested in 4,213 shares. Invesco Limited holds 105,015 shares. Ftb Advsrs reported 0% in Tennant Company (NYSE:TNC). Ameriprise Incorporated owns 88,678 shares or 0% of their US portfolio. Legal & General Group Inc Public Limited Liability Co has 0% invested in Tennant Company (NYSE:TNC) for 31,274 shares. Commonwealth Equity Serv holds 0% of its portfolio in Tennant Company (NYSE:TNC) for 3,393 shares. Blackrock Fund Advsr accumulated 0.02% or 1.36 million shares.

Since February 28, 2017, it had 0 insider buys, and 5 sales for $2.03 million activity. 7,500 shares valued at $537,842 were sold by PAULSON THOMAS on Monday, April 10. Zay Richard H. sold $93,440 worth of Tennant Company (NYSE:TNC) on Friday, June 2. $414,842 worth of Tennant Company (NYSE:TNC) was sold by Wilson Heidi M on Monday, March 6. On Tuesday, February 28 the insider Sonnenberg Steven Alan sold $433,012.

Analysts await Tennant Company (NYSE:TNC) to report earnings on July, 25. They expect $0.79 EPS, down 7.06 % or $0.06 from last year’s $0.85 per share. TNC’s profit will be $13.99M for 23.77 P/E if the $0.79 EPS becomes a reality. After $0.31 actual EPS reported by Tennant Company for the previous quarter, Wall Street now forecasts 154.84 % EPS growth. About 57,445 shares traded or 12.24% up from the average. Tennant Company (NYSE:TNC) has risen 37.00% since July 20, 2016 and is uptrending. It has outperformed by 20.30% the S&P500.

Tennant Company (NYSE:TNC) Ratings Coverage

Among 2 analysts covering Tennant Co (NYSE:TNC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Tennant Co had 4 analyst reports since October 28, 2015 according to SRatingsIntel. The stock has “Buy” rating by Dougherty & Company on Wednesday, October 28. Jefferies maintained the stock with “Hold” rating in Thursday, June 15 report.

Tennant Company is engaged in designing, manufacturing and marketing of cleaning solutions. The company has market cap of $1.33 billion. The Company’s divisions are Americas; Europe, Middle East, Africa, and Asia Pacific. It has a 35.44 P/E ratio. The Firm offers a range of products, including floor maintenance and outdoor cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings and asset management solutions.

More recent Tennant Company (NYSE:TNC) news were published by: Bizjournals.com which released: “Tennant plans to build new Golden Valley headquarters” on July 10, 2017. Also Businesswire.com published the news titled: “Tennant Company to Webcast Second Quarter Conference Call” on July 19, 2017. Fool.com‘s news article titled: “Tennant Company Loses Money as Sales Growth Speeds Up” with publication date: April 24, 2017 was also an interesting one.

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