Tennant (TNC) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tennant in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" TNC shares.
View TNC analyst ratings or view top-rated stocks.

1 analysts have issued twelve-month price objectives for Tennant's stock. Their TNC share price forecasts range from $98.00 to $98.00. On average, they expect the company's stock price to reach $98.00 in the next year. This suggests a possible upside of 31.6% from the stock's current price.
View analysts price targets for TNC or view top-rated stocks among Wall Street analysts.

Tennant's stock was trading at $61.57 at the beginning of 2023. Since then, TNC shares have increased by 20.9% and is now trading at $74.45.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our TNC earnings forecast.

Tennant (NYSE:TNC) posted its quarterly earnings results on Friday, August, 4th. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.70. The industrial products company had revenue of $321.70 million for the quarter, compared to the consensus estimate of $291.67 million. Tennant had a net margin of 8.04% and a trailing twelve-month return on equity of 22.49%. The business's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 earnings per share.

Tennant announced a quarterly dividend on Wednesday, August 2nd. Stockholders of record on Thursday, August 31st will be given a dividend of $0.265 per share on Friday, September 15th. This represents a $1.06 annualized dividend and a yield of 1.42%. The ex-dividend date is Wednesday, August 30th.
Read our dividend analysis for TNC.

ETFs with the largest weight of Tennant (NYSE:TNC) stock in their portfolio include VanEck Environmental Services ETF (EVX), Gabelli Automation ETF (GAST), Invesco S&P SmallCap Industrials ETF (PSCI), Small Cap US Equity Select ETF (RNSC), Timothy Plan US Small Cap Core ETF (TPSC) and VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF).VictoryShares US Small Cap Volatility Wtd (CSA).

Tennant (NYSE:TNC) pays an annual dividend of $1.06 per share and currently has a dividend yield of 1.42%. The company has been increasing its dividend for 50 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 20.87%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TNC.

Tennant updated its FY 2023 earnings guidance on Friday, August, 4th. The company provided earnings per share guidance of $5.10-$5.75 for the period, compared to the consensus earnings per share estimate of $4.56. The company issued revenue guidance of $1.20 billion-$1.25 billion, compared to the consensus revenue estimate of $1.15 billion.

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.

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).

Tennant trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNC."

Tennant's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (16.73%), ArrowMark Colorado Holdings LLC (6.43%), Clearbridge Investments LLC (4.59%), State Street Corp (3.76%), Thrivent Financial for Lutherans (3.53%) and Dimensional Fund Advisors LP (3.19%). Insiders that own company stock include Azita Arvani, Carol E Mcknight, Carol S Eicher, Chris Killingstad, David S Wichmann, David W Huml, Donal L Mulligan, Richard H Zay, Richard H Zay and Steven Alan Sonnenberg.
View institutional ownership trends.

Shares of TNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TNC stock can currently be purchased for approximately $74.45.

Tennant (NYSE:TNC) has a market capitalization of $1.38 billion and generates $1.09 billion in revenue each year. The industrial products company earns $66.30 million in net income (profit) each year or $5.08 on an earnings per share basis.

The company employs 4,299 workers across the globe.

Tennant's mailing address is 701 NORTH LILAC DRIVE PO BOX 1452, MINNEAPOLIS MN, 55440. The official website for the company is www.tennantco.com. The industrial products company can be reached via phone at (763) 540-1200, via email at william.prate@tennantco.com, or via fax at 763-513-2142.