Revenue Update on Tennant Company(NYSE:TNC)

Tennant Company(NYSE:TNC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $216.83M. Analysts estimated a revenue of $210.61M. Earnings per share were $0.85. Analysts had estimated an EPS of $0.72.

Tennant Company (TNC) made into the market gainers list on Fridays trading session with the shares advancing 2.43% or 1.52 points. Due to strong positive momentum, the stock ended at $64.08, which is also near the day’s high of $64.35. The stock began the session at $62.64 and the volume stood at 1,23,612 shares. The 52-week high of the shares is $64.35 and the 52 week low is $45.92. The company has a current market capitalization of $1,132 M and it has 1,76,63,723 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Thomas Paulson (SVP, CFO) sold 14,981 shares at $56.00 per share price.Also, On Apr 28, 2016, Heidi M Wilson (SVP, General Counsel and Sec’y) sold 2,000 shares at $54.40 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.

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