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Companies facing 1st tax on stock buybacks in Biden bill
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Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
3rd Massive Dollar Upheaval Has Started (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
3rd Massive Dollar Upheaval Has Started (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
3rd Massive Dollar Upheaval Has Started (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
3rd Massive Dollar Upheaval Has Started (Ad)
NYSE:TNC

Tennant - TNC Stock Forecast, Price & News

$70.51
-1.00 (-1.40%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$70.37
$71.71
50-Day Range
$55.36
$71.51
52-Week Range
$54.90
$85.33
Volume
39,421 shs
Average Volume
55,283 shs
Market Capitalization
$1.31 billion
P/E Ratio
23.50
Dividend Yield
1.40%
Price Target
N/A

Tennant MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
1.68% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.88
Upright™ Environmental Score
News Sentiment
0.14mentions of Tennant in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
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.

1.97 out of 5 stars

Industrial Products Sector

129th out of 189 stocks

Refrigeration & Service Industry Machinery Industry

5th 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, 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.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Tennant from a "strong-buy" rating to a "buy" rating in a research note on Thursday, August 11th.

Tennant Price Performance

NYSE:TNC traded down $0.89 during mid-day trading on Tuesday, hitting $70.62. The stock had a trading volume of 1,550 shares, compared to its average volume of 35,380. The firm's 50 day moving average is $61.51 and its 200 day moving average is $68.82. Tennant has a twelve month low of $54.90 and a twelve month high of $85.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.97 and a quick ratio of 1.26. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 23.90 and a beta of 1.07.

Tennant (NYSE:TNC - Get Rating) last posted its quarterly earnings data on Tuesday, August 9th. The industrial products company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.87 by $0.05. Tennant had a return on equity of 15.82% and a net margin of 5.18%. The firm had revenue of $280.20 million during the quarter, compared to the consensus estimate of $276.65 million. During the same period in the prior year, the company earned $1.18 EPS. The firm's revenue was up .4% compared to the same quarter last year. Equities research analysts forecast that Tennant will post 4.45 earnings per share for the current fiscal year.

Tennant Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Tuesday, August 30th. Tennant's dividend payout ratio (DPR) is presently 33.33%.

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TNC Stock News Headlines

Tennant (NYSE:TNC) Downgraded by StockNews.com to Buy
Tennant: Q2 Earnings Insights - Benzinga
Form 8-K TENNANT CO For: Aug 09 - StreetInsider.com
Tennant earnings: here's what to expect
Tennant: Q2 Earnings Insights
Tennant Company Reports 2022 Second Quarter Results
See More Headlines
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TNC Company Calendar

Ex-Dividend for 6/15 Dividend
5/27/2022
Dividend Payable
6/15/2022
Last Earnings
8/09/2022
Today
8/17/2022
Ex-Dividend for 9/15 Dividend
8/30/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Profitability

Net Income
$64.90 million
Pretax Margin
6.34%

Debt

Sales & Book Value

Annual Sales
$1.09 billion
Cash Flow
$7.38 per share
Book Value
$23.49 per share

Miscellaneous

Free Float
18,116,000
Market Cap
$1.31 billion
Optionable
Optionable
Beta
1.07

Key Executives

  • Mr. David W. Huml (Age 53)
    Pres, CEO & Director
    Comp: $1.71M
  • Ms. Fay West (Age 53)
    Sr. VP, CFO & Principal Accounting Officer
    Comp: $1.06M
  • Ms. Carol E. McKnight (Age 54)
    Sr. VP & Chief Admin. Officer
    Comp: $669.65k
  • Mr. Richard H. Zay (Age 51)
    Sr. VP & Chief Commercial Officer
    Comp: $1.49M
  • Ms. Barb Balinski (Age 58)
    Sr. VP of Innovation & Technology
  • Ms. Kristin A. Stokes (Age 49)
    Sr. VP, Gen. Counsel & Corp. Sec.
  • Ms. Kathryn Lovik
    Global Communications Director
  • Mr. Thomas A. Stueve
    VP of Global Tax, Treasury & Risk and Treasurer
  • Mr. David C. Cox (Age 84)
    Exec. Officer













TNC Stock - Frequently Asked Questions

How have TNC shares performed in 2022?

Tennant's stock was trading at $81.04 at the beginning of 2022. Since then, TNC stock has decreased by 13.0% and is now trading at $70.51.
View the best growth stocks for 2022 here
.

When is Tennant's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our TNC earnings forecast
.

How were Tennant's earnings last quarter?

Tennant (NYSE:TNC) announced its quarterly earnings data on Tuesday, August, 9th. The industrial products company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.05. The industrial products company earned $280.20 million during the quarter, compared to analyst estimates of $276.65 million. Tennant had a trailing twelve-month return on equity of 15.82% and a net margin of 5.18%. The firm's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.18 earnings per share.

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

Tennant announced a quarterly dividend on Wednesday, August 3rd. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.25 per share on Thursday, September 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Tuesday, August 30th.
Read our dividend analysis for TNC
.

Is Tennant a good dividend stock?

Tennant (NYSE:TNC) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.40%. 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 33.33%. 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 issued an update on its FY 2022 earnings guidance on Tuesday, August, 16th. The company provided earnings per share guidance of $4.15-$4.75 for the period. The company issued revenue guidance of $1.13 billion-$1.17 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 a variety of retail and institutional investors. Top institutional investors include Clearbridge Investments LLC (4.40%), State Street Corp (3.49%), Thrivent Financial for Lutherans (2.67%), Gamco Investors INC. ET AL (2.33%), Northern Trust Corp (1.11%) and Russell Investments Group Ltd. (0.84%). Insiders that own company stock include Azita Arvani, 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 $70.51.

How much money does Tennant make?

Tennant (NYSE:TNC) has a market capitalization of $1.31 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 $3.00 on an earnings per share basis.

How many employees does Tennant have?

The company employs 4,263 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 8/17/2022 by MarketBeat.com Staff

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