Tennant Company (TNC) Releases Earnings Results, Reports EPS of $0.25 EPS

Tennant Company (TNC) reported quarterly earnings results on Monday, Apr-25-2016. The company reported $0.25 EPS for the quarter. Analysts had a consensus estimate of $0.25. The company posted revenue of $179.90 million in the period, compared to analysts expectations of $180.93 million. The company’s revenue was down -3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on Tennant Company. Tennant Company was Downgraded by Dougherty & Company to ” Neutral” on Feb 29, 2016.

Tennant Company opened for trading at $53.97 and hit $55.47 on the upside on Friday, eventually ending the session at $55.26, with a gain of 2.73% or 1.47 points. The heightened volatility saw the trading volume jump to 90,552 shares. Company has a market cap of $975 M.

In a different news, on Dec 22, 2015, Thomas Paulson (SVP, CFO) sold 15,000 shares at $55.99 per share price. According to the SEC, on Nov 23, 2015, Heidi M Wilson (SVP, General Counsel and Sec’y) sold 5,126 shares at $61.63 per share price. On Mar 5, 2015, Steven Alan Sonnenberg (director) sold 3,484 shares at $64.57 per share price, according to the Form-4 filing with the securities and exchange commission.

Tennant Company (Tennant) provides cleaning products and solutions. The Company is engaged in designing manufacturing and marketing cleaning solutions. The Company is organized into four operating segments: North America; Latin America; Europe Middle East Africa and Asia Pacific. The Company offers products and solutions mainly consisting of mechanized cleaning equipment chemical-free and other sustainable cleaning technologies aftermarket parts and consumables equipment maintenance and repair service specialty surface coatings and business solutions such as financing rental and leasing programs. The Company offers its water-based sustainable cleaning offering ec-H2O on walk-behind and rider scrubbers. The Company’s markets include industries such as retail manufacturing/warehousing education healthcare and hospitality among others. The Company’s brands include Tennant Nobles Green Machines Alfa Uma Empresa Tennant and Orbio.

Tennant Company

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