NYSE:TNC

Tennant (TNC) Stock Price, News & Analysis

$106.97
-8.73 (-7.55%)
(As of 05/3/2024 ET)
Today's Range
$104.43
$111.56
50-Day Range
$106.97
$122.93
52-Week Range
$72.60
$124.11
Volume
247,665 shs
Average Volume
101,593 shs
Market Capitalization
$2.03 billion
P/E Ratio
18.35
Dividend Yield
1.05%
Price Target
$106.00

Tennant MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
0.9% Downside
$106.00 Price Target
Short Interest
Healthy
2.39% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.76
Upright™ Environmental Score
News Sentiment
0.46mentions of Tennant in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$1.95 M Sold Last Quarter
Proj. Earnings Growth
4.35%
From $6.44 to $6.72 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.33 out of 5 stars

Industrial Products Sector

211th out of 1,008 stocks

Refrigeration & Service Industry Machinery Industry

1st out of 24 stocks

TNC stock logo

About Tennant Stock (NYSE:TNC)

Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, and asset management solutions. It provides business solutions, such as financing, rental, and leasing programs, as well as machine-to-machine asset management solutions. The company offers its products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IPC, Gaomei, and Rongen brands, as well as private-label brands. Its products are used in retail establishments and distribution centers; factories and warehouses; and public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, and other environments. The company markets its products to contract cleaners and businesses through direct sales and service organizations, as well as through a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Eden Prairie, Minnesota.

TNC Stock Price History

TNC Stock News Headlines

Q1 2024 Tennant Co Earnings Call
$21,000 in profits in six weeks?
On Wednesday, May 8, the legendary Jonathan Rose is holding his first ever Masters in Trading Summit. Jonathan is one of the sharpest traders I’ve ever met. He made millions trading in the pits of the world’s largest exchanges.
Tennant Q1 2024 Earnings Preview
$21,000 in profits in six weeks?
On Wednesday, May 8, the legendary Jonathan Rose is holding his first ever Masters in Trading Summit. Jonathan is one of the sharpest traders I’ve ever met. He made millions trading in the pits of the world’s largest exchanges.
Tennant (TNC) Set to Announce Quarterly Earnings on Friday
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 3/15 Dividend
2/28/2024
Dividend Payable
3/15/2024
Today
5/04/2024
Ex-Dividend for 6/14 Dividend
5/31/2024
Dividend Payable
6/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Refrigeration & service industry machinery
Sub-Industry
Industrial Machinery
CUSIP
88034510
Employees
4,457
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$106.00
High Stock Price Target
$112.00
Low Stock Price Target
$100.00
Potential Upside/Downside
-0.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$109.50 million
Pretax Margin
9.95%

Debt

Sales & Book Value

Annual Sales
$1.24 billion
Cash Flow
$8.63 per share
Book Value
$30.96 per share

Miscellaneous

Free Float
18,512,000
Market Cap
$2.03 billion
Optionable
Optionable
Beta
1.10
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Key Executives

  • Mr. David W. Huml (Age 55)
    President, CEO & Director
    Comp: $2.79M
  • Ms. Fay West (Age 55)
    Senior VP, CFO & Principal Accounting Officer
    Comp: $1.46M
  • Ms. Kristin A. Erickson (Age 51)
    Senior VP, General Counsel & Corporate Secretary
    Comp: $1.02M
  • Mr. Richard H. ZayMr. Richard H. Zay (Age 53)
    Senior VP & Chief Commercial Officer
    Comp: $1.24M
  • Ms. Barbara A. Balinski (Age 60)
    Senior VP & Chief Transformation Officer
    Comp: $782.63k
  • Mr. Lorenzo Bassi
    VP of Finance & Investor Relations
  • Mr. Jason Peterson
    Global Communications Director
  • Mr. Brock R. Christianson (Age 54)
    Senior VP & Chief Human Resources Officer

TNC Stock Analysis - Frequently Asked Questions

Should I buy or sell Tennant stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tennant in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TNC shares.
View TNC analyst ratings
or view top-rated stocks.

What is Tennant's stock price target for 2024?

2 Wall Street analysts have issued 12-month target prices for Tennant's shares. Their TNC share price targets range from $100.00 to $112.00. On average, they predict the company's share price to reach $106.00 in the next year. This suggests that the stock has a possible downside of 0.9%.
View analysts price targets for TNC
or view top-rated stocks among Wall Street analysts.

How have TNC shares performed in 2024?

Tennant's stock was trading at $92.69 on January 1st, 2024. Since then, TNC shares have increased by 15.4% and is now trading at $106.97.
View the best growth stocks for 2024 here
.

When is Tennant's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, August 2nd 2024.
View our TNC earnings forecast
.

How were Tennant's earnings last quarter?

Tennant (NYSE:TNC) released its earnings results on Thursday, February, 22nd. The industrial products company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.65. The industrial products company had revenue of $311.40 million for the quarter, compared to analyst estimates of $309.87 million. Tennant had a trailing twelve-month return on equity of 23.07% and a net margin of 8.81%. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 EPS.

How often does Tennant pay dividends? What is the dividend yield for Tennant?

Tennant declared a quarterly dividend on Wednesday, May 1st. Investors of record on Friday, May 31st will be given a dividend of $0.28 per share on Friday, June 14th. This represents a $1.12 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, May 31st.
Read our dividend analysis for TNC
.

Is Tennant a good dividend stock?

Tennant (NYSE:TNC) pays an annual dividend of $1.12 per share and currently has a dividend yield of 0.97%. The company has been increasing its dividend for 52 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 19.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TNC will have a dividend payout ratio of 16.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TNC.

What guidance has Tennant issued on next quarter's earnings?

Tennant issued an update on its FY 2024 earnings guidance on Friday, May, 3rd. The company provided EPS guidance of 6.050-6.650 for the period, compared to the consensus EPS estimate of 6.460. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

What is Chris Killingstad's approval rating as Tennant's CEO?

80 employees have rated Tennant Chief Executive Officer Chris Killingstad on Glassdoor.com. Chris Killingstad has an approval rating of 45% among the company's employees. This puts Chris Killingstad in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Tennant own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tennant investors own include Boeing (BA), Exxon Mobil (XOM), Verizon Communications (VZ), 3M (MMM), AT&T (T), Abbott Laboratories (ABT), Johnson & Johnson (JNJ), Medtronic (MDT), McCormick & Company, Incorporated (MKC) and NVIDIA (NVDA).

Who are Tennant's major shareholders?

Tennant's stock is owned by a variety of institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (0.55%), Allspring Global Investments Holdings LLC (0.36%), BNP Paribas Financial Markets (0.13%), Assenagon Asset Management S.A. (0.10%), State of Alaska Department of Revenue (0.06%) and North Star Investment Management Corp. (0.06%). Insiders that own company stock include Azita Arvani, Carol E Mcknight, Carol S Eicher, David W Huml, Donal L Mulligan, Kristin A Erickson, Richard H Zay, Richard H Zay and Steven Alan Sonnenberg.
View institutional ownership trends
.

How do I buy shares of Tennant?

Shares of TNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:TNC) was last updated on 5/4/2024 by MarketBeat.com Staff

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