|Bid||78.41 x 800|
|Ask||78.71 x 3200|
|Day's Range||76.68 - 78.77|
|52 Week Range||46.64 - 79.74|
|Beta (5Y Monthly)||1.18|
|PE Ratio (TTM)||43.23|
|Earnings Date||May 04, 2021 - May 10, 2021|
|Forward Dividend & Yield||0.92 (1.21%)|
|Ex-Dividend Date||Feb 26, 2021|
|1y Target Est||80.67|
In the current market session, Tennant Inc. (NYSE:TNC) is trading at $78.62, after a 0.34% decrease. However, over the past month, the stock went up by 17.21%, and in the past year, by 6.63%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently under from its 52 week high by 4.94%. The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings. View more earnings on TNC Depending on the particular phase of a business cycle, some industries will perform better than others. Tennant Inc. has a lower P/E than the aggregate P/E of 71.86 of the Machinery industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. P/E ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors can become unable to attain key insights from trailing earnings. See more from BenzingaClick here for options trades from BenzingaEarnings Scheduled For February 25, 2021© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Second bullet point under "2021 Business Outlook" should read: Full-year reported GAAP earnings in the range of $2.50 to $2.95 per diluted share (instead of Full-year reported GAAP earnings in the range of $3.30 to $3.75 per diluted share).
TNC earnings call for the period ending December 31, 2020.