Tennant (TNC) Expected to Announce Earnings on Wednesday

Tennant (NYSE:TNC - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $1.38 per share and revenue of $296.63 million for the quarter.

Tennant (NYSE:TNC - Get Free Report) last posted its quarterly earnings results on Monday, February 17th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.13. Tennant had a return on equity of 19.98% and a net margin of 6.51%. The firm had revenue of $328.90 million during the quarter, compared to the consensus estimate of $324.00 million. On average, analysts expect Tennant to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Tennant Stock Down 0.2 %

Tennant stock traded down $0.18 during trading on Monday, reaching $72.14. 13,909 shares of the company's stock were exchanged, compared to its average volume of 139,920. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 16.46 and a beta of 0.97. Tennant has a 52-week low of $67.57 and a 52-week high of $117.48. The company's 50-day moving average is $79.18 and its two-hundred day moving average is $83.83. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.43 and a current ratio of 1.97.

Tennant announced that its board has authorized a stock repurchase program on Thursday, February 13th that allows the company to buyback 2,000,000 outstanding shares. This buyback authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Tennant Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Friday, February 28th. Tennant's payout ratio is currently 26.94%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Tennant from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th.

Insider Transactions at Tennant

In other news, SVP Barb Balinski sold 1,717 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $86.42, for a total value of $148,383.14. Following the completion of the transaction, the senior vice president now owns 11,829 shares in the company, valued at approximately $1,022,262.18. This represents a 12.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Richard H. Zay sold 7,053 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $87.58, for a total transaction of $617,701.74. Following the completion of the transaction, the insider now owns 25,770 shares in the company, valued at approximately $2,256,936.60. This trade represents a 21.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

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.