About Tennant Company (NYSE:TNC)
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: $1.23841 billion
- Outstanding Shares: 17,824,000
- 50 Day Moving Avg: $65.25
- 200 Day Moving Avg: $69.58
- 52 Week Range: $60.05 - $76.80
Sales & Book Value:
- Trailing P/E Ratio: 61.12
- Foreward P/E Ratio: 25.02
- P/E Growth: 2.03
- Annual Revenue: $873.73 million
- Price / Sales: 1.42
- Book Value: $15.94 per share
- Price / Book: 4.36
- Annual Dividend: $0.84
- Dividend Yield: 1.2%
- EBITDA: $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: 88,418 shs.
- Beta: 1.13
- 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. Shareholders of record on Thursday, August 31st will be given a dividend of $0.21 per share on Friday, September 15th. This represents a $0.84 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend 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 EPS for the quarter, missing analysts' consensus estimates of $0.79 by $0.19. The business had revenue of $270.79 million for the quarter, compared to analysts' expectations of $268.32 million. Tennant Company had a return on equity of 15.39% and a net margin of 2.32%. Tennant Company's revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. 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 earnings per share 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 analysts have issued twelve-month price targets for Tennant Company's stock. Their predictions 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. " (10/4/2017)
- 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
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 $69.55.
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)
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Tennant Company (TNC) Chart for Sunday, October, 22, 2017