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NYSE:TNC

Tennant (TNC) Stock Forecast, Price & News

$73.72
-0.98 (-1.31%)
(As of 09/26/2023 ET)
Compare
Today's Range
$73.57
$74.67
50-Day Range
$73.72
$86.96
52-Week Range
$56.04
$87.53
Volume
59,987 shs
Average Volume
85,672 shs
Market Capitalization
$1.37 billion
P/E Ratio
14.51
Dividend Yield
1.44%
Price Target
$98.00

Tennant MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
32.9% Upside
$98.00 Price Target
Short Interest
Healthy
1.44% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.76
Upright™ Environmental Score
News Sentiment
0.03mentions of Tennant in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$1.01 M 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.

2.77 out of 5 stars

Industrial Products Sector

40th out of 176 stocks

Refrigeration & Service Industry Machinery Industry

2nd out of 5 stocks


TNC stock logo

About Tennant (NYSE:TNC) Stock

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. 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, IPC, VLX, Gaomei, and Rongen 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. It markets its products to contract cleaners and businesses through direct sales and service organizations, as well as through a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Eden Prairie, Minnesota.

TNC Price History

TNC Stock News Headlines

3 Dividend Kings Poised to Outperform the Market (TNC)
Wall Street expects these three Dividend Kings who have raised their dividend payments for 50 or more consecutive years to keep delivering dividend gold.
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Meet Bill Tennant, a 2023 40 Under 40 honoree
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
See More Headlines
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TNC Company Calendar

Last Earnings
8/04/2023
Ex-Dividend for 9/15 Dividend
8/30/2023
Dividend Payable
9/15/2023
Today
9/26/2023
Next Earnings (Estimated)
10/26/2023
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
+31.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$66.30 million
Pretax Margin
9.85%

Debt

Sales & Book Value

Annual Sales
$1.09 billion
Cash Flow
$6.74 per share
Book Value
$25.39 per share

Miscellaneous

Free Float
18,100,000
Market Cap
$1.38 billion
Optionable
Optionable
Beta
1.11
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Key Executives

  • Mr. David W. Huml (Age 54)
    Pres, CEO & Director
    Comp: $1.45M
  • Ms. Fay West (Age 54)
    Sr. VP, CFO & Principal Accounting Officer
    Comp: $853.36k
  • Ms. Kristin A. Erickson (Age 50)
    Sr. VP, Gen. Counsel, Corp. Sec. & Interim Chief HR Officer
    Comp: $519.98k
  • Mr. Richard H. ZayMr. Richard H. Zay (Age 52)
    Sr. VP & Chief Commercial Officer
    Comp: $818.33k
  • Ms. Barbara A. Balinski (Age 59)
    Sr. VP of Innovation & Technology
  • Mr. Lorenzo Bassi
    VP of Fin. & Investor Relations
  • Mr. Jason Peterson
    Global Communications Director













TNC Stock - Frequently Asked Questions

Should I buy or sell Tennant stock right now?

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.

What is Tennant's stock price forecast for 2023?

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.

How have TNC shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is Tennant's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our TNC earnings forecast
.

How were Tennant's earnings last quarter?

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.

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

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
.

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 1.42%. 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.

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

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.

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 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
.

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 $74.45.

How much money does Tennant make?

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.

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 9/26/2023 by MarketBeat.com Staff

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