S&P 500   3,768.25
DOW   30,814.26
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NYSE:TNC

Tennant Stock Forecast, Price & News

$72.87
-0.65 (-0.88 %)
(As of 01/15/2021 12:00 AM ET)
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Today's Range
$71.73
Now: $72.87
$73.31
50-Day Range
$67.16
MA: $70.17
$73.98
52-Week Range
$46.64
Now: $72.87
$87.06
Volume41,495 shs
Average Volume79,880 shs
Market Capitalization$1.35 billion
P/E Ratio29.99
Dividend Yield1.26%
Beta1.15
Tennant Company 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 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, 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.
Tennant logo

MarketRank

Overall MarketRank

1.91 out of 5 stars

Analyst Opinion: 1.5Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Refrigeration & service industry machinery
Sub-IndustryIndustrial Machinery
CUSIP88034510
Phone763-540-1200
Employees4,373

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.14 billion
Cash Flow$7.00 per share
Book Value$19.78 per share

Profitability

Net Income$45.80 million

Miscellaneous

Market Cap$1.35 billion
Next Earnings Date2/18/2021 (Estimated)
OptionableOptionable
$72.87
-0.65 (-0.88 %)
(As of 01/15/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Tennant (NYSE:TNC) Frequently Asked Questions

How has Tennant's stock been impacted by COVID-19?

Tennant's stock was trading at $62.35 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TNC stock has increased by 16.9% and is now trading at $72.87.
View which stocks have been most impacted by COVID-19
.

Is Tennant a buy right now?

1 Wall Street equities 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 equities research analysts is that investors should "buy" Tennant stock.
View analyst ratings for Tennant
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Tennant?

Wall Street analysts have given Tennant a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Tennant wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Tennant's next earnings date?

Tennant is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for Tennant
.

How were Tennant's earnings last quarter?

Tennant (NYSE:TNC) issued its quarterly earnings data on Thursday, October, 29th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.41 by $0.49. The industrial products company had revenue of $261.90 million for the quarter, compared to analysts' expectations of $237.67 million. Tennant had a net margin of 4.32% and a return on equity of 14.54%. Tennant's revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS.
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, October 27th. Investors of record on Monday, November 30th will be paid a dividend of $0.23 per share on Tuesday, December 15th. This represents a $0.92 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, November 27th. This is a positive change from Tennant's previous quarterly dividend of $0.22.
View Tennant's dividend history
.

Is Tennant a good dividend stock?

Tennant pays an annual dividend of $0.92 per share and currently has a dividend yield of 1.26%. The dividend payout ratio of Tennant is 31.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Tennant will have a dividend payout ratio of 27.06% next year. This indicates that Tennant will be able to sustain or increase its dividend.
View Tennant's dividend history.

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

Tennant issued an update on its FY 2020 IntraDay earnings guidance on Thursday, October, 29th. The company provided earnings per share (EPS) guidance of 2.80-3.00 for the period, compared to the Thomson Reuters consensus estimate of $2.67. The company issued revenue guidance of $995M - 1.005 billion, compared to the consensus revenue estimate of $974.83 million.

What price target have analysts set for TNC?

1 brokerages have issued 12-month price targets for Tennant's stock. Their forecasts range from $70.00 to $70.00. On average, they anticipate Tennant's stock price to reach $70.00 in the next year. This suggests that the stock has a possible downside of 3.9%.
View analysts' price targets for Tennant
or view Wall Street analyst' top-rated stocks.

Who are some of Tennant's key competitors?

What other stocks do shareholders of Tennant own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tennant investors own include The 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).

Who are Tennant's key executives?

Tennant's management team includes the following people:
  • Mr. H. Chris Killingstad, Pres, CEO & Director (Age 64, Pay $2.36M)
  • Mr. David W. Huml, Sr. VP & Chief Operating Officer (Age 51, Pay $874.1k)
  • Mr. Richard H. Zay, Sr. VP of Technology & Innovation (Age 49, Pay $805.57k)
  • Mr. Andrew J. Cebulla, VP of Fin. & Corp. Controller and Interim CFO (Age 49)
  • Ms. Carol E. McKnight, Sr. VP & Chief Admin. Officer (Age 52)
  • William Prate, Sr. Director of Fin. & Investor Relations
  • Kristin A. Stokes, Interim Gen. Counsel & Corp. Sec.
  • Ms. Kathryn Lovik, Global Communications Director
  • Mr. Daniel E. Glusick, Sr. VP of Global Operations
  • Mr. Thomas A. Stueve, VP of Global Tax, Treasury & Risk and Treasurer

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 number of institutional and retail investors. Top institutional investors include Boston Trust Walden Corp (1.11%), Kopion Asset Management LLC (0.69%) and State of Alaska Department of Revenue (0.08%). Company insiders that own Tennant stock include Carol S Eicher, Chris Killingstad, David S Wichmann, David W Huml, Donal L Mulligan, Richard H Zay and Steven Alan Sonnenberg.
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 State of Alaska Department of Revenue. Company insiders that have sold Tennant company stock in the last year include Chris Killingstad, David S Wichmann, and David W Huml.
View insider buying and selling activity for Tennant
or view top insider-selling stocks.

Which institutional investors are buying Tennant stock?

TNC stock was acquired by a variety of institutional investors in the last quarter, including Kopion Asset Management LLC, and Boston Trust Walden Corp.
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.

What is Tennant's stock price today?

One share of TNC stock can currently be purchased for approximately $72.87.

How big of a company is Tennant?

Tennant has a market capitalization of $1.35 billion and generates $1.14 billion in revenue each year. The industrial products company earns $45.80 million in net income (profit) each year or $2.90 on an earnings per share basis. Tennant employs 4,373 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 or via email at [email protected]

This page was last updated on 1/18/2021 by MarketBeat.com Staff

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