Rises on upbeat Q1 results, outlook

Tennant

04/05/2021 16:08

** Shares of cleaning solutions provider  TNC.N  up 2.4% at
$81.97      
    ** Co's Q1 adj EPS of $1.17 on rev of $263.3 mln easily
beats Refinitiv est. for profit of $0.56/shr on rev of $244.70
mln, aided by strong sales in EMEA, APAC regions due to easing
of pandemic-related restrictions and favorable foreign-currency
effect  urn:newsml:reuters.com:*:nBw8fVYHfa
    ** Co outperforms profit est for 14th straight qtr, beats
rev est for third consecutive qtr - Refinitiv data
    ** TNC sees FY21 adj. profit of $4.10/shr to $4.50/shr on
net sales of $1.09 bln to $1.11 bln, handily surpassing Street
expectations
    ** Two of 3 brokerages rate the stock "buy" or higher, and 1
"hold"; their median PT is $90, implying an upside of 12.4% as
of stock's last close
    ** Shares up 14.1% for the year

 (Reporting by Devik Jain in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))