Tennant Co (NYSE: TNC) has reported E.P.S. of $1.47 for its second fiscal quarter (ending June 30) versus $1.70 for the same period a year ago — a decline of -14%. Relative to the consensus estimate of $1.72, this was a shortfall of $-0.25. E.P.S. were $5.89 for the latest four quarters through June 30 versus $5.15 for the same period a year ago — an increase of 14%.
Recent Price Action
Tennant Co (NYSE: TNC) stock closed at $92.46 on 8/8/24 after a decline of -3.7%. Trading volume in this decline was normal. The stock has declined -14.1% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TNC is expected to continue to be a major Value Builder.
Tennant has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Tennant has a poor Appreciation Score of 29 but a good Power Rating of 83, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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