Tennant Company designs, manufactures, and markets floor cleaning equipment. It 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. The company also provides business solutions, such as financing, rental, and leasing programs, as well as machine-to-machine asset management solutions. 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, businesses, and various governmental entities through direct sales and service organization, as well as through a network of authorized distributors under the Tennant, Nobles, Green Machines, Alfa Uma Empresa Tennant, IRIS, Superior Anodes, Waterstar, and Orbio brands worldwide. 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
SymbolNYSE:TNC
CUSIP88034510
Phone763-540-1200
Debt
Debt-to-Equity Ratio1.16%
Current Ratio1.79%
Quick Ratio1.25%
Price-To-Earnings
Trailing P/E Ratio48.34
Forward P/E Ratio39.39
P/E Growth3.68
Sales & Book Value
Annual Sales$1.00 billion
Price / Sales1.33
Cash Flow$4.3666 per share
Price / Cash17.05
Book Value$16.72 per share
Price / Book4.45
Profitability
EPS (Most Recent Fiscal Year)$1.54
Net Income$-6,190,000.00
Net Margins-0.62%
Return on Equity9.68%
Return on Assets3.24%
Miscellaneous
Employees4,300
Outstanding Shares17,880,000
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 declared a quarterly dividend on Thursday, February 15th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.21 per share on Thursday, March 15th. This represents a $0.84 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Tuesday, February 27th. View Tennant's Dividend History.
How were Tennant's earnings last quarter?
Tennant (NYSE:TNC) issued its quarterly earnings results on Monday, April, 23rd. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.12. The industrial products company earned $272.80 million during the quarter, compared to analysts' expectations of $251.93 million. Tennant had a negative net margin of 0.62% and a positive return on equity of 9.68%. Tennant's revenue was up 42.8% on a year-over-year basis. During the same period last year, the company earned $0.31 EPS. View Tennant's Earnings History.
What guidance has Tennant issued on next quarter's earnings?
Tennant updated its FY18 earnings guidance on Monday, April, 23rd. The company provided earnings per share (EPS) guidance of $1.85-2.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.90. The company issued revenue guidance of $1.08-1.11 billion, compared to the consensus revenue estimate of $1.09 billion.
Who are some of Tennant's key competitors?
Some companies that are related to Tennant include MSC Industrial Direct (MSM), Metso (MXCYY), Graphic Packaging (GPK), Cimpress (CMPR), Weir Group (WEIR), Adelaide Brighton Cement (ABC), Melrose Industries (MRO), Bemis (BMS), Colfax (CFX), JBT (JBT), Timken (TKR), Owens-Illinois (OI), Meggitt (MGGT), Babcock International (BAB) and Mine Safety Appliances (MSA).
Who are Tennant's key executives?
Tennant's management team includes the folowing people:
- Mr. H. Chris Killingstad, Pres, CEO & Director (Age 62)
- Mr. Thomas Paulson, Sr. VP & CFO (Age 62)
- Mr. Jeffrey C. Moorefield, Sr. VP of Global Operations (Age 54)
- Mr. David W. Huml, Sr. VP of EMEA, APAC & Global Marketing (Age 49)
- Mr. Richard H. Zay, Sr. VP of the Americas (Age 47)
Has Tennant been receiving favorable news coverage?
Media stories about TNC stock have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tennant earned a coverage optimism score of 0.22 on Accern's scale. They also assigned media stories about the industrial products company an impact score of 45.35 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
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 $74.45.
How big of a company is Tennant?
Tennant has a market capitalization of $1.25 billion and generates $1.00 billion in revenue each year. The industrial products company earns $-6,190,000.00 in net income (profit) each year or $1.54 on an earnings per share basis. Tennant employs 4,300 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 industrial products company can be reached via phone at 763-540-1200 or via email at [email protected]
MarketBeat Community Rating for Tennant (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.
Tennant (NYSE:TNC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
1 Wall Street analysts have issued ratings and price targets for Tennant in the last 12 months. There are currently 1 buy rating for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Hold | Hold |
| Consensus Rating Score: | 3.00 | 3.00 | 2.00 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | N/A | N/A | $65.00 | $65.00 |
| Price Target Upside: | N/A | N/A | 4.42% upside | 7.80% downside |
Tennant (NYSE:TNC) Consensus Price Target History
Tennant (NYSE:TNC) Analyst Ratings History
Show:
(Data available from 4/24/2016 forward)
Tennant (NYSE:TNC) Dividend Information
Tennant pays an annual dividend of $0.84 per share, with a dividend yield of 1.13%. TNC's most recent quarterly dividend payment was Thursday, March 15. The company has grown its dividend for the last 46 consecutive years and is increasing its dividend by an average of 2.50% each year. Tennant pays out 54.55% of its earnings out as a dividend.
| Most Recent Dividend: | 3/15/2018 |
| Annual Dividend: | $0.84 |
| Dividend Yield: | 1.13% |
| Dividend Growth: | 2.50% (3 Year Average) |
| Payout Ratio: | 54.55% (Trailing 12 Months of Earnings)
44.44% (Based on This Year's Estimates)
30.43% (Based on Next Year's Estimates)
|
| Track Record: | 46 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Tennant (NYSE:TNC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/15/2018 | Quarterly | $0.21 | 1.34% | 2/27/2018 | 2/28/2018 | 3/15/2018 |
| 11/10/2017 | quarterly | $0.21 | 1.32% | 11/29/2017 | 11/30/2017 | 12/15/2017 |
| 8/18/2017 | quarterly | $0.21 | 1.34% | 8/29/2017 | 8/31/2017 | 9/15/2017 |
| 4/27/2017 | quarterly | $0.21 | 1.13% | 5/26/2017 | 5/31/2017 | 6/15/2017 |
| 2/16/2017 | quarterly | $0.21 | 1.18% | 2/28/2017 | 3/2/2017 | 3/15/2017 |
| 11/1/2016 | quarterly | $0.21 | 1.34% | 11/28/2016 | 11/30/2016 | 12/15/2016 |
| 8/18/2016 | quarterly | $0.20 | 1.28% | 8/29/2016 | 8/31/2016 | 9/15/2016 |
| 4/28/2016 | quarterly | $0.20 | 1.48% | 5/26/2016 | 5/31/2016 | 6/15/2016 |
| 2/18/2016 | quarterly | $0.20 | 1.48% | 2/25/2016 | 2/29/2016 | 3/15/2016 |
| 11/10/2015 | quarterly | $0.20 | 1.34% | 11/25/2015 | 11/30/2015 | 12/15/2015 |
| 8/20/2015 | quarterly | $0.20 | 1.37% | 8/27/2015 | 8/31/2015 | 9/15/2015 |
| 4/30/2015 | quarterly | $0.20 | 1.24% | 5/27/2015 | 5/29/2015 | 6/15/2015 |
| 2/19/2015 | quarterly | $0.20 | 1.17% | 2/26/2015 | 3/2/2015 | 3/16/2015 |
| 11/10/2014 | quarterly | $0.20 | 1.08% | 11/25/2014 | 11/28/2014 | 12/15/2014 |
| 8/20/2014 | quarterly | $0.20 | 1.11% | 8/28/2014 | 9/2/2014 | 9/15/2014 |
| 4/23/2014 | quarterly | $0.20 | 1.27% | 5/28/2014 | 5/30/2014 | 6/16/2014 |
| 2/19/2014 | quarterly | $0.18 | 1.12% | 2/27/2014 | 3/3/2014 | 3/17/2014 |
| 11/11/2013 | quarterly | $0.18 | 1.19% | 11/26/2013 | 11/29/2013 | 12/16/2013 |
| 8/15/2013 | quarterly | $0.18 | 1.33% | 8/28/2013 | 8/30/2013 | 9/16/2013 |
| 4/24/2013 | quarterly | $0.18 | 1.53% | 5/29/2013 | 5/31/2013 | 6/17/2013 |
| 2/13/2013 | quarterly | $0.18 | 1.52% | 2/26/2013 | 2/28/2013 | 3/15/2013 |
(Data available from 1/1/2013 forward)
Tennant (NYSE TNC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 5.60%
Institutional Ownership Percentage: 91.00%
Tennant (NYSE TNC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/16/2018 | Chris Killingstad | Insider | Sell | 4,427 | $68.58 | $303,603.66 | 154,273 |  |
| 4/10/2018 | Chris Killingstad | Insider | Sell | 44,272 | $68.55 | $3,034,845.60 | 176,100 | |
| 4/6/2018 | Thomas Paulson | CFO | Sell | 9,296 | $69.08 | $642,167.68 | 35,582 | |
| 1/11/2018 | Thomas Paulson | Insider | Sell | 6,694 | $72.90 | $487,992.60 | 24,035 | |
| 6/5/2017 | Thomas Paulson | CFO | Sell | 7,500 | $73.95 | $554,625.00 | 31,755 | |
| 6/2/2017 | Richard H Zay | SVP | Sell | 1,280 | $73.00 | $93,440.00 | 15,423 | |
| 5/1/2017 | Carol S Eicher | Director | Sell | 1,928 | $73.76 | $142,209.28 | 9,263 | |
| 4/10/2017 | Thomas Paulson | CFO | Sell | 7,500 | $71.71 | $537,825.00 | 38,229 | |
| 3/6/2017 | Heidi M Wilson | SVP | Sell | 5,790 | $71.65 | $414,853.50 | 25,433 | |
| 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 | 24,541 | |
| 7/26/2016 | Thomas Paulson | CFO | Sell | 15,304 | $62.00 | $948,848.00 | 43,313 | |
| 6/8/2016 | Thomas Paulson | CFO | Sell | 14,981 | $56.00 | $838,936.00 | 38,380 | |
| 4/28/2016 | Heidi M Wilson | SVP | Sell | 2,000 | $54.40 | $108,800.00 | 18,326 | |
| 4/26/2016 | Thomas Paulson | CFO | Sell | 118 | $56.00 | $6,608.00 | 28,127 | |
| 12/21/2015 | Thomas Paulson | CFO | Sell | 15,000 | $55.99 | $839,850.00 | 23,732 | |
| 11/20/2015 | Heidi M. Wilson | SVP | Sell | 5,126 | $61.63 | $315,915.38 | 17,847 | |
| 7/23/2015 | Derek Lai | Insider | Sell | 15,000 | $1.20 | $18,000.00 | | |
| 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 | 9,241 | |
| 12/9/2013 | Michael Schaefer | SVP | Sell | 5,939 | $64.78 | $384,728.42 | 3,279 | |
| 11/21/2013 | Richard Zay | SVP | Sell | 10,366 | $61.50 | $637,509.00 | 7,442 | |
| 11/18/2013 | Thomas Dybsky | SVP | Sell | 21,313 | $61.13 | $1,302,863.69 | 4,075 | |
| 11/14/2013 | Heidi Wilson | SVP | Sell | 5,000 | $61.44 | $307,200.00 | 12,239 | |
| 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 | 97,068 | |
| 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 | | |
(Data available from 1/1/2013 forward)
Tennant (NYSE TNC) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Tennant Co. (TNC) Is Climbing On Q1 Results
www.nasdaq.com - April 23 at 4:00 PM |
 | Tennant Company's (TNC) CEO Chris Killingstad on Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - April 23 at 4:00 PM |
 | Tennant Company Starts 2018 on a Strong Note
finance.yahoo.com - April 23 at 4:00 PM |
| Why Tennant Company Stock Just Popped Nearly 10%
finance.yahoo.com - April 23 at 4:00 PM |
| Tennant Company jumps 7% on Q1 results, upgrades guidance
seekingalpha.com - April 23 at 1:34 PM |
| Tennant Company Reports 2018 First Quarter Results
finance.yahoo.com - April 23 at 9:44 AM |
| Is Tennant Company (NYSE:TNC) A Financially Sound Company?
finance.yahoo.com - April 23 at 9:44 AM |
| Tennant: 1Q Earnings Snapshot
finance.yahoo.com - April 23 at 9:44 AM |
 | Tennant (TNC) Releases FY18 Earnings Guidance
www.americanbankingnews.com - April 23 at 9:22 AM |
| Tennant (TNC) Releases Quarterly Earnings Results
www.americanbankingnews.com - April 23 at 9:20 AM |
 | Christopher Eccleston and David Tennant in Jude
www.msn.com - April 19 at 4:11 PM |
| Tennant (TNC) Insider Sells $303,603.66 in Stock
www.americanbankingnews.com - April 17 at 4:23 PM |
| Tennant Company Sets New Science-Based Greenhouse Gas Reduction Targets as Part of the Science Based Targets Initiative
finance.yahoo.com - April 17 at 10:24 AM |
| Tennant (TNC) Downgraded to "Strong Sell" at BidaskClub
www.americanbankingnews.com - April 16 at 4:48 PM |
| Tennant (TNC) Scheduled to Post Quarterly Earnings on Monday
www.americanbankingnews.com - April 16 at 3:46 AM |
| Tennant (TNC) Insider Sells $3,034,845.60 in Stock
www.americanbankingnews.com - April 11 at 7:11 PM |
| Thomas Paulson Sells 9,296 Shares of Tennant (TNC) Stock
www.americanbankingnews.com - April 10 at 4:16 PM |
| Analyzing Tennant (TNC) and Generation Next Franchise Brands (VEND)
www.americanbankingnews.com - April 6 at 9:03 AM |
 | Brain Corp and Tennant Company Team Up to Introduce Autonomous Cleaning Machines
globenewswire.com - April 5 at 3:59 PM |
| Head to Head Survey: Tennant (TNC) versus Welbilt (WBT)
www.americanbankingnews.com - April 3 at 1:18 AM |
| Welbilt (WBT) versus Tennant (TNC) Head-To-Head Analysis
www.americanbankingnews.com - April 1 at 7:18 PM |
| Financial Survey: Caterpillar (CAT) and Tennant (TNC)
www.americanbankingnews.com - March 28 at 5:28 PM |
| Critical Survey: Tennant (TNC) & Graco (GGG)
www.americanbankingnews.com - March 25 at 1:24 PM |
| Head to Head Contrast: Tennant (TNC) and IDEX (IEX)
www.americanbankingnews.com - March 22 at 11:12 PM |
| Met-Pro (MPR) versus Tennant (TNC) Financial Analysis
www.americanbankingnews.com - March 21 at 5:56 AM |
 | Tennant Company Launches New Family of Industrial-Strength Walk-Behind Scrubbers
www.bizjournals.com - March 20 at 10:12 AM |
| Company Profile for Tennant Company
finance.yahoo.com - March 20 at 10:12 AM |
| Tennant Company Launches New Family of Industrial-Strength Walk-Behind Scrubbers
finance.yahoo.com - March 20 at 10:12 AM |
| David Tennant To Star In HBO's Lena Dunham Comedy 'Camping'
www.msn.com - March 16 at 4:45 PM |
| Tennant's (TNC) CEO Chris Killingstad on Q4 2017 Results - Earnings Call Transcript
seekingalpha.com - March 6 at 10:01 AM |
| Tennant (TNC) Position Lifted by Schwab Charles Investment Management Inc.
www.americanbankingnews.com - March 5 at 6:46 AM |
| Dorsey & Whitney Trust CO LLC Has $1.71 Million Stake in Tennant (TNC)
www.americanbankingnews.com - March 1 at 3:48 PM |
| Dougherty & Co Weighs in on Tennant's Q1 2018 Earnings (TNC)
www.americanbankingnews.com - March 1 at 7:20 AM |
| Tennant (TNC) Downgraded to "Sell" at Zacks Investment Research
www.americanbankingnews.com - February 27 at 1:24 PM |
| Citadel Advisors LLC Acquires 4,578 Shares of Tennant (TNC)
www.americanbankingnews.com - February 27 at 5:40 AM |
| Tennant (TNC) Upgraded to Buy at Dougherty & Co
www.americanbankingnews.com - February 26 at 1:34 PM |
| Pinebridge Investments L.P. Increases Holdings in Tennant (TNC)
www.americanbankingnews.com - February 25 at 9:30 AM |
 | Tennant Co. (TNC) Reports In-Line Q4 EPS, Revenue Beats, Offers Guidance
www.streetinsider.com - February 22 at 4:23 PM |
| Tennant EPS in-line, beats on revenue
seekingalpha.com - February 22 at 4:23 PM |
| Tennant Company Predicts Faster Growth in 2018
finance.yahoo.com - February 22 at 4:23 PM |
| Tennant (TNC) to Issue Quarterly Dividend of $0.21
www.americanbankingnews.com - February 22 at 12:06 PM |
| Tennant (TNC) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS
www.americanbankingnews.com - February 22 at 11:36 AM |
| Tennant (TNC) Updates FY18 Earnings Guidance
www.americanbankingnews.com - February 22 at 10:17 AM |
| Tennant reports 4Q loss
finance.yahoo.com - February 22 at 9:48 AM |
| Should You Sell Tennant Company (NYSE:TNC) At This PE Ratio?
finance.yahoo.com - February 21 at 4:14 PM |
| Tennant (TNC) to Release Earnings on Thursday
www.americanbankingnews.com - February 15 at 1:44 AM |
| Tennant (TNC) Downgraded by Zacks Investment Research
www.americanbankingnews.com - February 10 at 1:30 PM |
| Dow Comes Halfway Back
www.nasdaq.com - February 8 at 4:46 PM |
| Tennant Company to Webcast Fourth Quarter Conference Call
finance.yahoo.com - February 8 at 9:18 AM |
| Tennant (TNC) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - February 3 at 1:44 AM |
Tennant (NYSE:TNC) SEC Filings
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Tennant (NYSE:TNC) Income Statement, Balance Sheet and Cash Flow Statement
Tennant (NYSE TNC) Stock Chart for Tuesday, April, 24, 2018
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