Tennant (TNC) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tennant in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TNC shares.
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1 brokers have issued 12 month target prices for Tennant's stock. Their TNC share price forecasts range from $98.00 to $98.00. On average, they predict the company's stock price to reach $98.00 in the next year. This suggests a possible upside of 30.3% 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 the year. Since then, TNC stock has increased by 22.2% and is now trading at $75.21.
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Tennant saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 316,000 shares, a decrease of 18.5% from the April 30th total of 387,800 shares. Based on an average daily volume of 93,200 shares, the days-to-cover ratio is presently 3.4 days. Currently, 1.7% of the shares of the stock are short sold.
View Tennant's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our TNC earnings forecast.

Tennant (NYSE:TNC) issued its earnings results on Friday, April, 28th. The industrial products company reported $1.45 EPS for the quarter, topping the consensus estimate of $0.84 by $0.61. The industrial products company earned $305.80 million during the quarter, compared to analyst estimates of $272.53 million. Tennant had a trailing twelve-month return on equity of 19.69% and a net margin of 7.04%. Tennant's revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the business posted $0.73 earnings per share.

Tennant announced a quarterly dividend on Tuesday, April 25th. Stockholders of record on Wednesday, May 31st will be given a dividend of $0.265 per share on Thursday, June 15th. This represents a $1.06 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Tuesday, May 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 Low Volatility ETF (XSLV), Invesco S&P SmallCap Industrials ETF (PSCI), Small Cap US Equity Select ETF (RNSC), iShares S&P Small-Cap 600 Value ETF (IJS), Timothy Plan US Small Cap Core ETF (TPSC) and VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF).

Tennant (NYSE:TNC) pays an annual dividend of $1.06 per share and currently has a dividend yield of 1.37%. 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 24.71%. 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, April, 28th. The company provided earnings per share (EPS) guidance of $3.70-$4.50 for the period, compared to the consensus EPS estimate of $4.27. The company issued revenue guidance of $1.11 billion-$1.16 billion, compared to the consensus revenue estimate of $1.14 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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.15%), ArrowMark Colorado Holdings LLC (8.58%), Clearbridge Investments LLC (4.59%), P2 Capital Partners LLC (3.84%), State Street Corp (3.81%) and Thrivent Financial for Lutherans (3.31%). 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 $75.21.

Tennant (NYSE:TNC) has a market capitalization of $1.39 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 $4.29 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.