Tennant (NYSE:TNC) Issues FY 2025 Earnings Guidance

Key Points

• Tennant has issued its FY 2025 earnings guidance, providing an EPS forecast of 5.700-6.200 and revenue guidance of $1.2 billion-$1.3 billion, slightly above the consensus estimates.
• The company's stock price decreased by 2.6% during trading, closing at $80.47, with recent trading volume lower than its average.
• Tennant announced a quarterly dividend of $0.295 to be paid on September 15th, reflecting a 1.5% dividend yield and a payout ratio of 32.96%.

Tennant (NYSE:TNC - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 5.700-6.200 for the period, compared to the consensus EPS estimate of 5.795. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.2 billion.

Tennant Trading Down 2.6%

Shares of NYSE TNC traded down $2.12 during trading hours on Thursday, hitting $80.47. 62,967 shares of the company traded hands, compared to its average volume of 156,457. The company's 50 day moving average price is $78.86 and its 200 day moving average price is $79.27. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 22.48 and a beta of 1.06. The company has a current ratio of 2.14, a quick ratio of 1.40 and a debt-to-equity ratio of 0.34. Tennant has a 12 month low of $67.32 and a 12 month high of $98.52.

Tennant (NYSE:TNC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.14). Tennant had a return on equity of 17.76% and a net margin of 5.40%. The business had revenue of $318.60 million during the quarter, compared to analysts' expectations of $327.20 million. During the same quarter in the previous year, the company posted $1.83 earnings per share. The company's quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that Tennant will post 5.89 earnings per share for the current fiscal year.

Tennant Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 29th. Tennant's dividend payout ratio is 32.96%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Tennant by 17.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 56,214 shares of the industrial products company's stock worth $4,483,000 after acquiring an additional 8,421 shares during the period. AQR Capital Management LLC lifted its stake in shares of Tennant by 68.8% in the 1st quarter. AQR Capital Management LLC now owns 49,724 shares of the industrial products company's stock valued at $3,966,000 after purchasing an additional 20,275 shares during the last quarter. Jane Street Group LLC increased its position in shares of Tennant by 39.1% during the first quarter. Jane Street Group LLC now owns 38,911 shares of the industrial products company's stock valued at $3,103,000 after acquiring an additional 10,946 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Tennant by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,271 shares of the industrial products company's stock valued at $899,000 after purchasing an additional 491 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Tennant by 23.0% in the 1st quarter. Royal Bank of Canada now owns 4,563 shares of the industrial products company's stock valued at $364,000 after purchasing an additional 854 shares in the last quarter. 93.33% of the stock is owned by institutional investors and hedge funds.

About Tennant

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.

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