Tennant Company (NYSE:TNC) is expected to report third quarter earnings results, before market open, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.41 per share.
Looking ahead, the full year income are expected at $ 2.67 per share on the revenues of $ 974.83 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,150.00 million ~ $ 1,160.00 million, where as bottomline are predicted in a range of $ 4.00 ~ $ 4.15 per share
Click Here For More Historical Outlooks Of Tennant Company
Previous Quarter Performance
Tennant Company came out with income for the second quarter of $ 0.96 per share, from the revenue of $ 214.00 million. The quarterly earnings down 15.04 percent while revenues declined 28.60 percent compared with the same quarter last year.
Street analysts expected Tennant Company to report income of $ 0.20 per share on revenue of $ 230.05 million for the second quarter. The bottom line results beat street analysts by $ 0.76 or 380.00 percent, at the same time, top line results fell short of analysts by $ 16.05 million or 6.98 percent.
Stock Performance
Shares of Tennant Company traded low $ -0.55 or -0.91 percent on Wednesday, reaching $ 59.85 with volume of 75.20 thousand shares. Tennant Company has traded high as $ 60.78 and has cracked $ 59.05 on the downward trend
According to the previous trading day, closing price of $ 59.85, representing a 29.50 % increase from the 52 week low of $ 46.64 and a 30.62 % decrease over the 52 week high of $ 87.06.
The company has a market capital of $ 1.10 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.22 per share on August 12, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on August 31, 2020 and ex-dividend date on August 28, 2020.
Conference Call
Tennant Company will be hosting a conference call at 11:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.tennantco.com
Tennant Company designs, manufactures, and markets floor cleaning equipment worldwide. The company 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. It also provides business solutions, such as financing, rental, and leasing programs, as well as machine-to-machine asset management solutions.
