Tennant Company designs, manufactures, and markets floor cleaning equipment worldwide. 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, Superior Anodes, Orbio, 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.
Industry, Sector and Symbol
Industry Refrigeration & service industry machinery
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
Phone763-540-1200
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.12 billion
Profitability
Miscellaneous
Employees4,300
Next Earnings Date7/24/2019 (Estimated)
OptionableOptionable
Tennant (NYSE:TNC) Frequently Asked Questions
What is Tennant's stock symbol?
Tennant trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNC."
How often does Tennant pay dividends? What is the dividend yield for Tennant?
Tennant announced a quarterly dividend on Thursday, May 9th. Shareholders of record on Friday, May 31st will be given a dividend of $0.22 per share on Friday, June 14th. This represents a $0.88 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, May 30th. View Tennant's Dividend History.
How were Tennant's earnings last quarter?
Tennant (NYSE:TNC) issued its quarterly earnings data on Tuesday, April, 30th. The industrial products company reported $0.49 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.40 by $0.09. The industrial products company had revenue of $262.50 million for the quarter, compared to analysts' expectations of $278.30 million. Tennant had a net margin of 3.19% and a return on equity of 14.20%. The firm's revenue for the quarter was down 3.8% on a year-over-year basis. During the same period last year, the business earned $0.27 earnings per share. View Tennant's Earnings History.
When is Tennant's next earnings date?
What guidance has Tennant issued on next quarter's earnings?
Tennant updated its FY19 earnings guidance on Tuesday, April, 30th. The company provided earnings per share guidance of $2.30-2.50 for the period, compared to the Thomson Reuters consensus estimate of $2.40. The company issued revenue guidance of $1.15-1.17 billion, compared to the consensus revenue estimate of $1.16 billion.
Has Tennant been receiving favorable news coverage?
Headlines about TNC stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Tennant earned a daily sentiment score of 1.7 on InfoTrie's scale. They also gave media coverage about the industrial products company a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an impact on the stock's share price in the near future.
Who are some of Tennant's key competitors?
Some companies that are related to Tennant include NSK LTD/ADR (NPSKY), SUMITOMO HEAVY/ADR (SOHVY), PrairieSky Royalty (PSK), G4S/ADR (GFSZY), Amada Holdings Unspon Adr Rep (AMDLY), MSC Industrial Direct (MSM), MSA Safety (MSA), ANDRITZ AG/ADR (ADRZY), Weir Group (WEIR), Axon Enterprise (AAXN), NINE DRAGONS PA/ADR (NDGPY), Meggitt (MGGT), Graphic Packaging (GPK), Kawasaki Heavy Industries (KWHIY) and Tetra Tech (TTEK).
What other stocks do shareholders of Tennant own?
Who are Tennant's key executives?
Tennant's management team includes the folowing people:
- Mr. H. Chris Killingstad, Pres, CEO & Director (Age 63)
- Mr. David W. Huml, Sr. VP of EMEA, APAC, Global Marketing & Operations (Age 50)
- Mr. Richard H. Zay, Sr. VP of the Americas and R&D (Age 48)
- Mr. Keith A. Woodward, Sr. VP & CFO (Age 54)
- Mr. Michael W. Schaefer, CTO, Sr. VP of Engineering and R&D (Age 58)
Who are Tennant's major shareholders?
Tennant's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.52%), ArrowMark Colorado Holdings LLC (11.37%), Mairs & Power INC (7.19%), Dimensional Fund Advisors LP (3.64%), Royce & Associates LP (3.41%) and Gamco Investors INC. ET AL (2.03%). Company insiders that own Tennant stock include Chris Killingstad, David W Huml, Richard H Zay, Steven Alan Sonnenberg and Thomas Paulson. 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 Goldman Sachs Group Inc., US Bancorp DE, JPMorgan Chase & Co., Voya Investment Management LLC, Morgan Stanley, Royce & Associates LP, Gabelli Funds LLC and Clean Yield Group. Company insiders that have sold Tennant company stock in the last year include David W Huml, Steven Alan Sonnenberg and Thomas Paulson. View Insider Buying and Selling for Tennant.
Which institutional investors are buying Tennant stock?
TNC stock was purchased by a variety of institutional investors in the last quarter, including ArrowMark Colorado Holdings LLC, BlackRock Inc., Marshall Wace LLP, Lido Advisors LLC, Mairs & Power INC, Renaissance Technologies LLC, Geode Capital Management LLC and Oxford Asset Management LLP. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Tennant's stock price today?
One share of TNC stock can currently be purchased for approximately $58.85.
How big of a company is Tennant?
Tennant has a market capitalization of $1.07 billion and generates $1.12 billion in revenue each year. The industrial products company earns $33.41 million in net income (profit) each year or $2.18 on an earnings per share basis. Tennant employs 4,300 workers across the globe.
What is Tennant's official website?
How can I contact Tennant?
Tennant's mailing address is 701 N 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]
MarketBeat Community Rating for Tennant (NYSE TNC)
MarketBeat's community ratings are surveys of what our community members think about Tennant and other stocks. Vote "Outperform" if you believe TNC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TNC will underperform the S&P 500 over the long term. You may vote once every thirty days.
