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NYSE:TNC

Tennant (TNC) Stock Forecast, Price & News

$60.60
-0.35 (-0.57%)
(As of 05/19/2022 02:57 PM ET)
Add
Compare
Today's Range
$60.42
$61.16
50-Day Range
$60.51
$85.25
52-Week Range
$59.64
$85.33
Volume
1,170 shs
Average Volume
79,115 shs
Market Capitalization
$1.13 billion
P/E Ratio
23.13
Dividend Yield
1.65%
Beta
1.08
30 days | 90 days | 365 days | Advanced Chart
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Tennant logo

About Tennant

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, 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, IPC, 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.

Headlines

Tennant (NYSE:TNC) Stock Rating Lowered by StockNews.com
Tennant Company Reports 2022 First Quarter Results
See More Headlines

Industry, Sector and Symbol

Industry
Refrigeration & service industry machinery
Sub-Industry
Industrial Machinery
CUSIP
88034510
Employees
4,263
Year Founded
N/A

Sales & Book Value

Annual Sales
$1.09 billion
Cash Flow
$7.37 per share
Book Value
$23.54 per share

Profitability

Net Income
$64.90 million
Pretax Margin
5.14%

Debt

Price-To-Earnings

Miscellaneous

Free Float
18,116,000
Market Cap
$1.13 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/15 Dividend
3/02/2022
Dividend Payable
3/15/2022
Last Earnings
4/28/2022
Today
5/19/2022
Ex-Dividend for 6/15 Dividend
5/27/2022
Dividend Payable
6/15/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

1.83 out of 5 stars

Industrial Products Sector

144th out of 257 stocks

Refrigeration & Service Industry Machinery Industry

5th out of 6 stocks

Analyst Opinion: 0.0Community Rank: 4.1Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -













Tennant (NYSE:TNC) Frequently Asked Questions

Is Tennant a buy right now?

1 Wall Street 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 research analysts is that investors should "buy" Tennant stock.
View analyst ratings for Tennant
or view top-rated stocks.

When is Tennant's next earnings date?

Tennant is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Tennant
.

How were Tennant's earnings last quarter?

Tennant (NYSE:TNC) announced its quarterly earnings data on Thursday, April, 28th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter. The industrial products company had revenue of $258.10 million for the quarter, compared to analyst estimates of $279.90 million. Tennant had a net margin of 4.56% and a trailing twelve-month return on equity of 17.11%. The company's quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the business posted $1.17 earnings per share.
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, April 26th. Investors of record on Tuesday, May 31st will be given a dividend of $0.25 per share on Wednesday, June 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, May 27th.
View Tennant's dividend history
.

Is Tennant a good dividend stock?

Tennant pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.65%. Tennant 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 of Tennant is 38.17%. This payout ratio is at a healthy, sustainable level, below 75%.
View Tennant's dividend history.

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

Tennant updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of $4.15-$4.75 for the period, compared to the consensus estimate of $4.69. The company issued revenue guidance of $1.13 billion-$1.17 billion, compared to the consensus revenue estimate of $1.15 billion.

Who are Tennant's key executives?
Tennant's management team includes the following people:
  • Mr. David W. Huml, Pres, CEO & Director (Age 53, Pay $1.71M)
  • Ms. Fay West, Sr. VP, CFO & Principal Accounting Officer (Age 53, Pay $1.06M)
  • Mr. Daniel E. Glusick, Sr. VP of Global Operations (Age 49, Pay $594.7k)
  • Ms. Carol E. McKnight, Sr. VP & Chief Admin. Officer (Age 54, Pay $669.65k)
  • Mr. Richard H. Zay, Sr. VP & Chief Commercial Officer (Age 51, Pay $1.49M)
  • Ms. Barb Balinski, Sr. VP of Innovation & Technology (Age 58)
  • Ms. Kristin A. Stokes, Sr. VP, Gen. Counsel & Corp. Sec. (Age 49)
  • 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 84)
What is Chris Killingstad's approval rating as Tennant's CEO?

80 employees have rated Tennant CEO Chris Killingstad on Glassdoor.com. Chris Killingstad has an approval rating of 45% among Tennant'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 institutional and retail investors. Top institutional investors include BlackRock Inc. (15.30%), Vanguard Group Inc. (11.00%), Mairs & Power Inc. (8.97%), Clearbridge Investments LLC (4.40%), State Street Corp (3.43%) and Dimensional Fund Advisors LP (3.04%). Company insiders that own Tennant stock include Azita Arvani, Chris Killingstad, David S Wichmann, David W Huml, Donal L Mulligan, Richard H Zay and Richard H Zay.
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 Russell Investments Group Ltd., Mairs & Power Inc., JPMorgan Chase & Co., Kopion Asset Management LLC, Northern Trust Corp, Principal Financial Group Inc., Ceredex Value Advisors LLC, and Strs Ohio. Company insiders that have sold Tennant company stock in the last year include Azita Arvani, Donal L Mulligan, and Richard H Zay.
View insider buying and selling activity for Tennant
or view top insider-selling stocks.

Which institutional investors are buying Tennant stock?

TNC stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., UBS Group AG, State Street Corp, Charles Schwab Investment Management Inc., Goldman Sachs Group Inc., Bank of New York Mellon Corp, Aigen Investment Management LP, and Skandinaviska Enskilda Banken AB publ .
View insider buying and selling activity for Tennant
or or view top insider-buying stocks.

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 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 $60.60.

How much money does Tennant make?

Tennant has a market capitalization of $1.13 billion and generates $1.09 billion in revenue each year. The industrial products company earns $64.90 million in net income (profit) each year or $2.62 on an earnings per share basis.

How many employees does Tennant have?

Tennant employs 4,263 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, via email at [email protected], or via fax at 763-513-2142.

This page was last updated on 5/19/2022 by MarketBeat.com Staff

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