NYSE:TNC

Tennant Stock Forecast, Price & News

$82.45
+0.68 (+0.83 %)
(As of 06/16/2021 12:00 AM ET)
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Today's Range
$80.73
$82.45
50-Day Range
$78.08
$85.73
52-Week Range
$57.99
$87.40
Volume80,269 shs
Average Volume68,200 shs
Market Capitalization$1.53 billion
P/E Ratio28.43
Dividend Yield1.13%
Beta1.15
30 days | 90 days | 365 days | Advanced Chart
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Tennant logo

About Tennant

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 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, 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. The company 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.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

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Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.61 out of 5 stars

Industrial Products Sector

120th out of 411 stocks

Refrigeration & Service Industry Machinery Industry

3rd out of 7 stocks

Analyst Opinion: 0.0Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Tennant (NYSE:TNC) Frequently Asked Questions

What stocks does MarketBeat like better than Tennant?

Wall Street analysts have given Tennant a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Tennant wasn't one of them. MarketBeat thinks these five companies 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, July 29th 2021.
View our earnings forecast for Tennant
.

How were Tennant's earnings last quarter?

Tennant (NYSE:TNC) issued its earnings results on Monday, May, 3rd. The industrial products company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.64 by $0.53. The industrial products company earned $263.30 million during the quarter, compared to analysts' expectations of $244.70 million. Tennant had a net margin of 5.35% and a trailing twelve-month return on equity of 16.42%. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.
View Tennant's earnings history
.

How has Tennant's stock been impacted by Coronavirus?

Tennant's stock was trading at $62.35 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TNC stock has increased by 32.2% and is now trading at $82.45.
View which stocks have been most impacted by COVID-19
.

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

Tennant announced a quarterly dividend on Wednesday, April 28th. Investors of record on Monday, May 31st will be given a dividend of $0.23 per share on Tuesday, June 15th. This represents a $0.92 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Thursday, May 27th.
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 1.13%. Tennant does not yet have a strong track record of dividend growth. The dividend payout ratio of Tennant is 31.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Tennant will have a dividend payout ratio of 18.44% 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 updated its FY 2021 earnings guidance on Tuesday, May, 18th. The company provided earnings per share (EPS) guidance of 4.100-4.500 for the period, compared to the Thomson Reuters consensus estimate of $3.470. The company issued revenue guidance of $1.09 billion-$1.11 billion, compared to the consensus revenue estimate of $1.06 billion.

Who are Tennant's key executives?

Tennant's management team includes the following people:
  • Mr. David W. Huml, Pres, CEO & Director (Age 52, Pay $724.13k)
  • Ms. Carol E. McKnight, Sr. VP & Chief Admin. Officer (Age 53, Pay $628.32k)
  • Mr. H. Chris Killingstad, Strategic Advisor (Age 65, Pay $1.55M)
  • Mr. Richard H. Zay, Sr. VP & Chief Commercial Officer (Age 50, Pay $612.57k)
  • Ms. Fay West, Sr. VP & CFO (Age 52)
  • Mr. Daniel E. Glusick, Sr. VP of Global Operations (Age 48)
  • Mr. Thomas Paulson, Interim Principal Accounting Officer (Age 65)
  • Ms. Barb Balinski, Sr. VP of Innovation & Technology
  • William Prate, Sr. Director of Fin. & Investor Relations
  • Ms. Kristin A. Stokes, Sr. VP, Gen. Counsel & Corp. Sec. (Age 48)

What is Chris Killingstad's approval rating as Tennant's CEO?

80 employees have rated Tennant CEO Chris Killingstad on Glassdoor.com. Chris Killingstad has an approval rating of 45% among Tennant's employees. This puts Chris Killingstad in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.54%), Clearbridge Investments LLC (5.02%), Dimensional Fund Advisors LP (3.24%), Gamco Investors INC. ET AL (2.00%), Deprince Race & Zollo Inc. (1.92%) and Geode Capital Management LLC (1.62%). Company insiders that own Tennant stock include 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 Royce & Associates LP, Healthcare of Ontario Pension Plan Trust Fund, Goldman Sachs Group Inc., Penn Capital Management Co. Inc., Dimensional Fund Advisors LP, Morgan Stanley, Grantham Mayo Van Otterloo & Co. LLC, and D. E. Shaw & Co. Inc.. Company insiders that have sold Tennant company stock in the last year include Chris Killingstad, David S Wichmann, David W Huml, and Richard H Zay.
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 P2 Capital Partners LLC, BlackRock Inc., Crawford Investment Counsel Inc., Walthausen & Co. LLC, Deprince Race & Zollo Inc., Geode Capital Management LLC, Renaissance Technologies LLC, and Kopion Asset Management LLC.
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.
Compare Top Brokerages Here.

What is Tennant's stock price today?

One share of TNC stock can currently be purchased for approximately $82.45.

How much money does Tennant make?

Tennant has a market capitalization of $1.53 billion and generates $1.00 billion in revenue each year. The industrial products company earns $33.70 million in net income (profit) each year or $2.91 on an earnings per share basis.

How many employees does Tennant have?

Tennant employs 4,373 workers across the globe.

What is Tennant's official website?

The official website for Tennant is www.tennantco.com.

Where are Tennant's headquarters?

Tennant is headquartered at 701 NORTH LILAC DRIVE PO BOX 1452, MINNEAPOLIS MN, 55440.

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 6/16/2021 by MarketBeat.com Staff
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