Log in
NYSE:TNC

Tennant Stock Forecast, Price & News

$68.69
-1.19 (-1.70 %)
(As of 11/27/2020 12:00 AM ET)
Add
Compare
Today's Range
$68.22
Now: $68.69
$69.49
50-Day Range
$59.15
MA: $63.64
$70.23
52-Week Range
$46.64
Now: $68.69
$87.06
Volume29,100 shs
Average Volume79,743 shs
Market Capitalization$1.27 billion
P/E Ratio28.27
Dividend Yield1.28%
Beta1.15
Tennant Company 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 outdoor cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, specialty surface coatings, and asset management solutions. It also provides business solutions, such as financing, rental, and leasing programs, as well as machine-to-machine asset management solutions. The company offers its products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IRIS, VLX, and IPC brands, as well as private-label brands. Its products are used in retail establishments and distribution centers; factories and warehouses; and public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, parking lots and streets, and other environments. The company markets its products to contract cleaners and businesses through direct sales and service organization, as well as through a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Minneapolis, Minnesota.
Read More
Tennant logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.91 out of 5 stars


Industry, Sector and Symbol

Industry Refrigeration & service industry machinery
Sub-IndustryIndustrial Machinery
CUSIP88034510
Phone763-540-1200
Employees4,373

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.14 billion
Cash Flow$6.60 per share
Book Value$19.78 per share

Profitability

Net Income$45.80 million

Miscellaneous

Market Cap$1.27 billion
Next Earnings Date2/18/2021 (Estimated)
OptionableOptionable
$68.69
-1.19 (-1.70 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive TNC News and Ratings via Email

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

speech bubbles
speech bubbles











Tennant (NYSE:TNC) Frequently Asked Questions

How has Tennant's stock price been impacted by Coronavirus (COVID-19)?

Tennant's stock was trading at $62.35 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TNC stock has increased by 10.2% and is now trading at $68.69.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Tennant?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tennant in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Tennant
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Tennant?

Wall Street analysts have given Tennant a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Tennant wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Tennant's next earnings date?

Tennant is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for Tennant
.

How were Tennant's earnings last quarter?

Tennant (NYSE:TNC) released its quarterly earnings data on Thursday, October, 29th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.49. The industrial products company earned $261.90 million during the quarter, compared to the consensus estimate of $237.67 million. Tennant had a net margin of 4.32% and a return on equity of 14.54%. The company's revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 EPS.
View Tennant's earnings history
.

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

Tennant announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.23 per share on Tuesday, December 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, November 27th. This is a positive change from Tennant's previous quarterly dividend of $0.22.
View Tennant's dividend history
.

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

Tennant issued an update on its FY 2020 IntraDay earnings guidance on Thursday, October, 29th. The company provided earnings per share guidance of 2.80-3.00 for the period, compared to the Thomson Reuters consensus estimate of $2.67. The company issued revenue guidance of $995M - 1.005 billion, compared to the consensus revenue estimate of $974.83 million.

What price target have analysts set for TNC?

2 equities research analysts have issued 12 month price targets for Tennant's stock. Their forecasts range from $70.00 to $70.00. On average, they anticipate Tennant's share price to reach $70.00 in the next twelve months. This suggests a possible upside of 1.9% from the stock's current price.
View analysts' price targets for Tennant
.

Who are some of Tennant's key competitors?

What other stocks do shareholders of Tennant own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tennant investors own include The 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).

Who are Tennant's key executives?

Tennant's management team includes the following people:
  • Mr. H. Chris Killingstad, Pres, CEO & Director (Age 64, Pay $2.36M)
  • Mr. David W. Huml, Sr. VP & Chief Operating Officer (Age 51, Pay $874.1k)
  • Mr. Richard H. Zay, Sr. VP of Technology & Innovation (Age 49, Pay $805.57k)
  • Mr. Andrew J. Cebulla, VP of Fin. & Corp. Controller and Interim CFO (Age 49)
  • Ms. Carol E. McKnight, Sr. VP & Chief Admin. Officer (Age 52)
  • William Prate, Sr. Director of Fin. & Investor Relations
  • Ms. Kathryn Lovik, Global Communications Director
  • Mr. Thomas A. Stueve, VP of Global Tax, Treasury & Risk and Treasurer
  • Mr. David C. Cox, Exec. Officer (Age 82)

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.33%), ArrowMark Colorado Holdings LLC (10.30%), Royce & Associates LP (3.23%), State Street Corp (2.94%), Gamco Investors INC. ET AL (1.90%) and Boston Trust Walden Corp (1.11%). Company insiders that own Tennant stock include Carol S Eicher, Chris Killingstad, David S Wichmann, David W Huml, Donal L Mulligan, Richard H Zay and Steven Alan Sonnenberg.
View institutional ownership trends for Tennant
.

Which institutional investors are selling Tennant stock?

TNC stock was sold by a variety of institutional investors in the last quarter, including Ovata Capital Management Ltd, Royce & Associates LP, ArrowMark Colorado Holdings LLC, BlackRock Inc., Great West Life Assurance Co. Can, State Street Corp, Mackay Shields LLC, and Charles Schwab Investment Management Inc.. Company insiders that have sold Tennant company stock in the last year include Chris Killingstad, David W Huml, and Donal L Mulligan.
View insider buying and selling activity for Tennant
.

Which institutional investors are buying Tennant stock?

TNC stock was bought by a variety of institutional investors in the last quarter, including Pragma Gestao DE Patrimonio Ltd., Assenagon Asset Management S.A., Arrowstreet Capital Limited Partnership, Boston Trust Walden Corp, AQR Capital Management LLC, JPMorgan Chase & Co., Trexquant Investment LP, and Dupont Capital Management Corp.
View insider buying and selling activity for Tennant
.

How do I buy shares of Tennant?

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

What is Tennant's stock price today?

One share of TNC stock can currently be purchased for approximately $68.69.

How big of a company is Tennant?

Tennant has a market capitalization of $1.27 billion and generates $1.14 billion in revenue each year. The industrial products company earns $45.80 million in net income (profit) each year or $2.90 on an earnings per share basis. Tennant employs 4,373 workers across the globe.

What is Tennant's official website?

The official website for Tennant is www.tennantco.com.

How can I contact Tennant?

Tennant's mailing address is 701 NORTH LILAC DRIVE PO BOX 1452, MINNEAPOLIS MN, 55440. The industrial products company can be reached via phone at 763-540-1200 or via email at [email protected]

This page was last updated on 11/30/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.