S&P 500   4,273.79
DOW   33,562.86
QQQ   354.90
Is Verizon’s 7% Yield Too Good To Pass Up?
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
The Most Upgraded Stocks In May Are Moving Higher 
The Stock That's Brining Lithium Back To America! (Ad)
Will Nvidia Be the Lifeline Intel Desperately Needs?
Here’s Why Disney’s MCU is Sinking in Quicksand
The Mining Stock That Needs Your Full Attention! (Ad)
Buffett-Backed BYD Caught In The Chinese Government's Stimulus
Here’s What Driving the 125% YTD Gains for Upstart Holdings Stock
S&P 500   4,273.79
DOW   33,562.86
QQQ   354.90
Is Verizon’s 7% Yield Too Good To Pass Up?
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
The Most Upgraded Stocks In May Are Moving Higher 
The Stock That's Brining Lithium Back To America! (Ad)
Will Nvidia Be the Lifeline Intel Desperately Needs?
Here’s Why Disney’s MCU is Sinking in Quicksand
The Mining Stock That Needs Your Full Attention! (Ad)
Buffett-Backed BYD Caught In The Chinese Government's Stimulus
Here’s What Driving the 125% YTD Gains for Upstart Holdings Stock
S&P 500   4,273.79
DOW   33,562.86
QQQ   354.90
Is Verizon’s 7% Yield Too Good To Pass Up?
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
The Most Upgraded Stocks In May Are Moving Higher 
The Stock That's Brining Lithium Back To America! (Ad)
Will Nvidia Be the Lifeline Intel Desperately Needs?
Here’s Why Disney’s MCU is Sinking in Quicksand
The Mining Stock That Needs Your Full Attention! (Ad)
Buffett-Backed BYD Caught In The Chinese Government's Stimulus
Here’s What Driving the 125% YTD Gains for Upstart Holdings Stock
S&P 500   4,273.79
DOW   33,562.86
QQQ   354.90
Is Verizon’s 7% Yield Too Good To Pass Up?
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
The Most Upgraded Stocks In May Are Moving Higher 
The Stock That's Brining Lithium Back To America! (Ad)
Will Nvidia Be the Lifeline Intel Desperately Needs?
Here’s Why Disney’s MCU is Sinking in Quicksand
The Mining Stock That Needs Your Full Attention! (Ad)
Buffett-Backed BYD Caught In The Chinese Government's Stimulus
Here’s What Driving the 125% YTD Gains for Upstart Holdings Stock
NYSE:TNC

Tennant (TNC) Stock Forecast, Price & News

$75.21
-2.14 (-2.77%)
(As of 06/5/2023 ET)
Compare
Today's Range
$74.69
$76.98
50-Day Range
$64.99
$80.13
52-Week Range
$54.90
$80.52
Volume
78,991 shs
Average Volume
81,905 shs
Market Capitalization
$1.39 billion
P/E Ratio
17.53
Dividend Yield
1.41%
Price Target
$98.00

Tennant MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
30.3% Upside
$98.00 Price Target
Short Interest
Healthy
1.73% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.76
Upright™ Environmental Score
News Sentiment
0.18mentions of Tennant in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$956,555 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.75 out of 5 stars

Industrial Products Sector

14th out of 174 stocks

Refrigeration & Service Industry Machinery Industry

1st out of 5 stocks


TNC stock logo

About Tennant (NYSE:TNC) Stock

Tennant Co. engages in the design, manufacture, and marketing of cleaning solutions. Its products include equipment for maintaining surfaces in industrial, commercial, and outdoor environments, detergent-free and other sustainable cleaning technologies, cleaning tools and supplies, and coatings for protecting, repairing and upgrading surfaces. It operates through the following geographic segments: North America, Latin America, Europe, Middle East, Africa and Asia Pacific. The company was founded by George Henry Tennant in 1870 and is headquartered in Eden Prairie, MN.

Receive TNC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Tennant and its competitors with MarketBeat's FREE daily newsletter.

TNC Stock News Headlines

The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Tennant Announces Quarterly Dividend of $0.27 (NYSE:TNC)
“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
StockNews.com Begins Coverage on Tennant (NYSE:TNC)
See More Headlines

TNC Price History

TNC Company Calendar

Ex-Dividend for 3/15 Dividend
3/02/2023
Dividend Payable
3/15/2023
Last Earnings
4/28/2023
Ex-Dividend for 6/15 Dividend
5/30/2023
Today
6/05/2023
Dividend Payable
6/15/2023
Next Earnings (Estimated)
8/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Refrigeration & service industry machinery
Sub-Industry
Industrial Machinery
CUSIP
88034510
Employees
4,299
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$98.00
High Stock Price Forecast
$98.00
Low Stock Price Forecast
$98.00
Forecasted Upside/Downside
+30.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$66.30 million
Pretax Margin
8.49%

Debt

Sales & Book Value

Annual Sales
$1.09 billion
Cash Flow
$6.55 per share
Book Value
$25.39 per share

Miscellaneous

Free Float
18,029,000
Market Cap
$1.39 billion
Optionable
Optionable
Beta
1.09

Key Executives

  • David W. Huml
    President, Chief Executive Officer & Director
  • Fay West
    Chief Financial Officer & Senior VP
  • Barb Balinski
    Senior Vice President-Innovation & Technology
  • Richard H. ZayRichard H. Zay
    Chief Commercial Officer & Senior Vice President
  • Carol E. McKnight
    Chief Administrative Officer & Senior VP













TNC Stock - Frequently Asked Questions

Should I buy or sell Tennant stock right now?

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.
View TNC analyst ratings
or view top-rated stocks.

What is Tennant's stock price forecast for 2023?

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.

How have TNC shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Tennant?

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
.

When is Tennant's next earnings date?

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

How were Tennant's earnings last quarter?

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.

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

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
.

Is Tennant a good dividend stock?

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.

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

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.

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).

What is Tennant's stock symbol?

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

Who are Tennant's major shareholders?

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
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Tennant's stock price today?

One share of TNC stock can currently be purchased for approximately $75.21.

How much money does Tennant make?

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.

How many employees does Tennant have?

The company employs 4,299 workers across the globe.

How can I contact Tennant?

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.

This page (NYSE:TNC) was last updated on 6/6/2023 by MarketBeat.com Staff

My Account -