Tennant Company is engaged in designing, manufacturing and marketing of cleaning solutions. The Company's segments are Americas; Europe, Middle East, Africa, and Asia Pacific. The Company offers a range of products, including floor maintenance and outdoor cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings and asset management solutions. Its products are used in various types of environments, including retail establishments, distribution centers, factories and warehouses, public venues such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, parking lots and streets. The Company markets and sells its products under various brands: Tennant, Nobles, Green Machines, Alfa Uma Empresa Tennant, IRIS, Orbio IPC, IPC Foma, IPC Eagle, IPC Gansow, ICA, Vaclensa, Portotecnica, Sirio and Soteco, Ready System, Euromop, and Pulex.
Industry, Sector and Symbol:
- Sector: Industrial Products
- Industry: Industrial Machinery
- Sub-Industry: Industrial Machinery
- Symbol: NYSE:TNC
- CUSIP: 88034510
- Web: www.tennantco.com
- Market Cap: $1.13602 billion
- Outstanding Shares: 17,824,000
- 50 Day Moving Avg: $63.00
- 200 Day Moving Avg: $70.26
- 52 Week Range: $60.05 - $76.80
Sales & Book Value:
- Trailing P/E Ratio: 56.06
- Foreward P/E Ratio: 22.72
- P/E Growth: 1.86
- Annual Revenue: $873.73 million
- Price / Sales: 1.29
- Book Value: $15.94 per share
- Price / Book: 3.96
- Annual Dividend: $0.84
- Dividend Yield: 1.3%
- EBIDTA: $91.45 million
- Net Margins: 2.32%
- Return on Equity: 15.39%
- Return on Assets: 7.19%
- Debt-to-Equity Ratio: 1.41%
- Current Ratio: 2.19%
- Quick Ratio: 1.46%
- Average Volume: 85,322 shs.
- Beta: 1.11
- Short Ratio: 3.43
Frequently Asked Questions for Tennant Company (NYSE:TNC)
What is Tennant Company's stock symbol?
Tennant Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNC."
How often does Tennant Company pay dividends? What is the dividend yield for Tennant Company?
Tennant Company declared a quarterly dividend on Friday, August 18th. Investors of record on Thursday, August 31st will be paid a dividend of $0.21 per share on Friday, September 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, August 29th. View Tennant Company's Dividend History.
How were Tennant Company's earnings last quarter?
Tennant Company (NYSE:TNC) posted its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.79 by $0.19. The firm had revenue of $270.79 million for the quarter, compared to the consensus estimate of $268.32 million. Tennant Company had a return on equity of 15.39% and a net margin of 2.32%. Tennant Company's quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. View Tennant Company's Earnings History.
When will Tennant Company make its next earnings announcement?
What guidance has Tennant Company issued on next quarter's earnings?
Tennant Company updated its FY17 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $2.20-2.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.51. The company issued revenue guidance of $960-990 million, compared to the consensus revenue estimate of $978.04 million.
Where is Tennant Company's stock going? Where will Tennant Company's stock price be in 2017?
2 brokers have issued 12 month target prices for Tennant Company's stock. Their forecasts range from $65.00 to $65.00. On average, they anticipate Tennant Company's share price to reach $65.00 in the next year. View Analyst Ratings for Tennant Company.
What are analysts saying about Tennant Company stock?
Here are some recent quotes from research analysts about Tennant Company stock:
- 1. According to Zacks Investment Research, "Tennant Company, is a Minneapolis-based company that specializes in the design, manufacture, and sale of non-residential floor maintenance equipment and related products. The Company acquired the business and assets of Castex Industries, Inc., a privately owned manufacturer of commercial floor maintenance equipment. Products consisting mainly of motorized cleaning equipment and related products, including floor cleaning and preservation products, are sold through a direct sales organization and independent distributors. " (8/5/2017)
- 2. Jefferies Group LLC analysts commented, "We hosted Tom Paulson, CFO for investor meetings. The meetings largely focused on the IPC acquisition and its 12% EBIT goal. The IPC acquisition improves TNC's product breadth and including current savings target takes it closer to 12% margin goal by 2019. TNC reaffirmed ~$13m in cost savings by 2019 which will largely come from sourcing and unraveling of duplicate corporate functions in Europe." (3/23/2017)
Who are some of Tennant Company's key competitors?
Who are Tennant Company's key executives?
Tennant Company's management team includes the folowing people:
- H. Chris Killingstad, President, Chief Executive Officer, Director
- Thomas J. Paulson, Chief Financial Officer, Senior Vice President
- Michael W. Schaefer, Senior Vice President, Chief Technical Officer
- Heidi Marie Wilson, Senior Vice President, General Counsel, Secretary
- David W. Huml, Senior Vice President - Global Marketing
- Carol E. McKnight, Senior Vice President, Global Human Resources
- Jeffrey C. Moorefield, Senior Vice President - Global Operations
- Richard H. Zay, Senior Vice President - The Americas
- Azita Arvani, Independent Director
- William F. Austen, Independent Director
Who owns Tennant Company stock?
Tennant Company's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.83%), Vanguard Group Inc. (9.87%), Royce & Associates LP (6.63%), Neuberger Berman Group LLC (6.46%), Dimensional Fund Advisors LP (3.49%) and Bank of New York Mellon Corp (2.92%). Company insiders that own Tennant Company stock include Carol S Eicher, Heidi M Wilson, Richard H Zay, Steven Alan Sonnenberg and Thomas Paulson. View Institutional Ownership Trends for Tennant Company.
Who sold Tennant Company stock? Who is selling Tennant Company stock?
Tennant Company's stock was sold by a variety of institutional investors in the last quarter, including BTIM Corp., Neuberger Berman Group LLC, BlackRock Inc., Emerald Advisers Inc. PA, JPMorgan Chase & Co., Royce & Associates LP, First Trust Advisors LP and SFE Investment Counsel. Company insiders that have sold Tennant Company stock in the last year include Carol S Eicher, Heidi M Wilson, Richard H Zay, Steven Alan Sonnenberg and Thomas Paulson. View Insider Buying and Selling for Tennant Company.
Who bought Tennant Company stock? Who is buying Tennant Company stock?
Tennant Company's stock was bought by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Copper Rock Capital Partners LLC, Voya Investment Management LLC, Vanguard Group Inc., Goldman Sachs Group Inc., State Street Corp, Northern Trust Corp and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for Tennant Company.
How do I buy Tennant Company stock?
Shares of Tennant Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Tennant Company's stock price today?
MarketBeat Community Rating for Tennant Company (NYSE TNC)MarketBeat's community ratings are surveys of what our community members think about Tennant Company and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Tennant Company stock can currently be purchased for approximately $63.15.
Earnings History for Tennant Company (NYSE:TNC)Earnings History by Quarter for Tennant Company (NYSE TNC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q2 2017||$0.79||$0.60||$268.32 million||$270.79 million||View||Listen|
|4/24/2017||Q1 2017||$0.25||$0.31||$181.82 million||$191.10 million||View||N/A|
|2/23/2017||Q416||$0.76||$0.85||$213.61 million||$211.70 million||View||N/A|
|10/25/2016||Q316||$0.62||$0.64||$203.15 million||$200.10 million||View||Listen|
|7/26/2016||Q216||$0.72||$0.85||$210.61 million||$216.80 million||View||Listen|
|4/25/2016||Q116||$0.25||$0.25||$180.93 million||$179.90 million||View||Listen|
|2/23/2016||Q415||$0.80||$0.78||$213.65 million||$205.90 million||View||Listen|
|10/27/2015||Q315||$0.58||$0.68||$204.80 million||$204.80 million||View||Listen|
|7/23/2015||Q215||$0.68||$0.79||$217.00 million||$215.40 million||View||Listen|
|4/27/2015||Q115||$0.25||$0.27||$185.50 million||$185.70 million||View||N/A|
|2/24/2015||Q414||$0.83||$0.93||$210.03 million||$216.30 million||View||N/A|
|10/23/2014||Q314||$0.69||$0.63||$199.90 million||$202.64 million||View||Listen|
|7/24/2014||Q214||$0.76||$0.83||$207.33 million||$219.10 million||View||N/A|
|4/21/2014||Q114||$0.31||$0.31||$173.61 million||$184.00 million||View||N/A|
|2/25/2014||Q413||$0.71||$0.65||$198.10 million||$195.10 million||View||N/A|
|10/23/2013||Q313||$0.55||$0.56||$186.83 million||$188.50 million||View||N/A|
|7/25/2013||Q2 2013||$0.72||$0.76||$197.07 million||$200.20 million||View||N/A|
|4/22/2013||Q1 2013||$0.36||$0.29||$174.70 million||$168.10 million||View||Listen|
|2/19/2013||Q4 2012||$0.58||$0.62||$189.10 million||$187.50 million||View||Listen|
Earnings Estimates for Tennant Company (NYSE:TNC)
2017 EPS Consensus Estimate: $2.39
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Tennant Company (NYSE:TNC)
|Most Recent Dividend:||9/15/2017|
|Dividend Growth:||-5.40% (3 Year Average)|
|Payout Ratio:||75.00% (Trailing 12 Months of Earnings) |
37.33% (Based on This Year's Estimates)
30.22% (Based on Next Year's Estimates)
|Track Record:||45 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Tennant Company (NYSE TNC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Tennant Company (NYSE:TNC)
Insider Ownership Percentage: 5.70%Insider Trades by Quarter for Tennant Company (NYSE:TNC)
Institutional Ownership Percentage: 89.42%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/5/2017||Thomas Paulson||CFO||Sell||7,500||$73.95||$554,625.00|| |
|6/2/2017||Richard H Zay||SVP||Sell||1,280||$73.00||$93,440.00|| |
|5/1/2017||Carol S Eicher||Director||Sell||1,928||$73.76||$142,209.28|| |
|4/10/2017||Thomas Paulson||CFO||Sell||7,500||$71.71||$537,825.00|| |
|3/6/2017||Heidi M Wilson||SVP||Sell||5,790||$71.65||$414,853.50|| |
|3/1/2017||Steven Alan Sonnenberg||Director||Sell||6,000||$72.17||$433,020.00|| |
|8/2/2016||Heidi M Wilson||SVP||Sell||12,158||$63.68||$774,221.44|| |
|7/26/2016||Thomas Paulson||CFO||Sell||15,304||$62.00||$948,848.00|| |
|6/8/2016||Thomas Paulson||CFO||Sell||14,981||$56.00||$838,936.00|| |
|4/28/2016||Heidi M Wilson||SVP||Sell||2,000||$54.40||$108,800.00|| |
|4/26/2016||Thomas Paulson||CFO||Sell||118||$56.00||$6,608.00|| |
|12/21/2015||Thomas Paulson||CFO||Sell||15,000||$55.99||$839,850.00|| |
|11/20/2015||Heidi M. Wilson||SVP||Sell||5,126||$61.63||$315,915.38|| |
|7/20/2015||Fund Ii L.P. Inter-Atlantic||Insider||Sell||515,300||$1.20||$618,360.00|
|3/5/2015||Heidi M Wilson||SVP||Sell||3,000||$64.60||$193,800.00|| |
|3/4/2015||Steven Alan Sonnenberg||Director||Sell||3,484||$64.88||$226,041.92|| |
|7/29/2014||Chris Killingstad||CEO||Sell||4,986||$75.95||$378,686.70|| |
|7/29/2014||Heidi M Wilson||SVP||Sell||5,000||$75.61||$378,050.00|| |
|5/21/2014||Richard Zay||SVP||Sell||1,800||$63.00||$113,400.00|| |
|12/9/2013||Michael Schaefer||SVP||Sell||5,939||$64.78||$384,728.42|| |
|11/21/2013||Richard Zay||SVP||Sell||10,366||$61.50||$637,509.00|| |
|11/18/2013||Thomas Dybsky||SVP||Sell||21,313||$61.13||$1,302,863.69|| |
|11/14/2013||Heidi Wilson||SVP||Sell||5,000||$61.44||$307,200.00|| |
|10/29/2013||Andrew J Eckert||SVP||Sell||10,112||$60.52||$611,978.24|| |
|9/10/2013||Chris Killingstad||CEO||Sell||39,100||$54.88||$2,145,808.00|| |
|8/26/2013||Chris Killingstad||CEO||Sell||83,100||$54.91||$4,563,021.00|| |
|8/1/2013||Heidi M Wilson||VP||Sell||5,182||$52.08||$269,878.56|| |
|7/9/2013||Thomas Dybsky||VP||Sell||4,700||$51.88||$243,836.00|| |
|5/21/2013||Heidi M Wilson||VP||Sell||5,000||$50.84||$254,200.00|| |
|5/17/2013||Thomas Dybsky||VP||Sell||2,080||$51.00||$106,080.00|| |
|5/14/2013||Andrew J Eckert||VP||Sell||6,801||$50.16||$341,138.16|| |
|5/10/2013||Andrew J Eckert||VP||Sell||4,221||$50.01||$211,092.21|| |
|4/10/2013||Thomas Dybsky||VP||Sell||1,377||$47.88||$65,930.76|| |
|2/26/2013||Andrew J Eckert||VP||Sell||11,107||$46.18||$512,921.26|| |
|2/25/2013||Thomas Dybsky||VP||Sell||11,000||$47.50||$522,500.00|| |
Headline Trends for Tennant Company (NYSE:TNC)
Latest Headlines for Tennant Company (NYSE:TNC)
Tennant Company (TNC) Chart for Friday, September, 22, 2017