Tennant Company Company Profile (NYSE:TNC)

About Tennant Company (NYSE:TNC)

Tennant Company logoTennant 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
Capitalization:
  • Market Cap: $1.23841 billion
  • Outstanding Shares: 17,824,000
Average Prices:
  • 50 Day Moving Avg: $65.25
  • 200 Day Moving Avg: $69.58
  • 52 Week Range: $60.05 - $76.80
P/E:
  • Trailing P/E Ratio: 61.12
  • Foreward P/E Ratio: 25.02
  • P/E Growth: 2.03
Sales & Book Value:
  • Annual Revenue: $873.73 million
  • Price / Sales: 1.42
  • Book Value: $15.94 per share
  • Price / Book: 4.36
Dividend:
  • Annual Dividend: $0.84
  • Dividend Yield: 1.2%
Profitability:
  • EBITDA: $91.45 million
  • Net Margins: 2.32%
  • Return on Equity: 15.39%
  • Return on Assets: 7.19%
Debt:
  • Debt-to-Equity Ratio: 1.41%
  • Current Ratio: 2.19%
  • Quick Ratio: 1.46%
Misc:
  • 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?

Tennant Company is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Tennant Company.

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?

One share of Tennant Company stock can currently be purchased for approximately $69.55.


MarketBeat Community Rating for Tennant Company (NYSE TNC)
Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  88 (Vote Outperform)
Underperform Votes:  154 (Vote Underperform)
Total Votes:  242
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.

Analyst Ratings

Consensus Ratings for Tennant Company (NYSE:TNC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $65.00 (6.54% downside)
Consensus Price Target History for Tennant Company (NYSE:TNC)
Price Target History for Tennant Company (NYSE:TNC)
Analysts' Ratings History for Tennant Company (NYSE:TNC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/23/2017Jefferies Group LLCBoost Price TargetHold$62.00 -> $65.00LowView Rating Details
2/15/2017Canaccord GenuityDowngradeBuy -> HoldN/AView Rating Details
7/7/2016National Bank FinancialDowngradeOutperform -> Sector PerformN/AView Rating Details
2/26/2016Dougherty & CoDowngradeBuy -> NeutralN/AView Rating Details
2/4/2016Pi FinancialLower Price TargetBuyC$3.00 -> C$2.95N/AView Rating Details
12/18/2015Paradigm CapitalBoost Price TargetBuyC$2.25 -> C$2.50N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Tennant Company (NYSE:TNC)
Earnings by Quarter for Tennant Company (NYSE:TNC)
Earnings History by Quarter for Tennant Company (NYSE TNC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/2/2017$0.61N/AView Earnings Details
10/23/2017$0.60N/AView Earnings Details
8/2/2017Q2 2017$0.79$0.60$268.32 million$270.79 millionViewListenView Earnings Details
4/24/2017Q1 2017$0.25$0.31$181.82 million$191.10 millionViewN/AView Earnings Details
2/23/2017Q416$0.76$0.85$213.61 million$211.70 millionViewN/AView Earnings Details
10/25/2016Q316$0.62$0.64$203.15 million$200.10 millionViewListenView Earnings Details
7/26/2016Q216$0.72$0.85$210.61 million$216.80 millionViewListenView Earnings Details
4/25/2016Q116$0.25$0.25$180.93 million$179.90 millionViewListenView Earnings Details
2/23/2016Q415$0.80$0.78$213.65 million$205.90 millionViewListenView Earnings Details
10/27/2015Q315$0.58$0.68$204.80 million$204.80 millionViewListenView Earnings Details
7/23/2015Q215$0.68$0.79$217.00 million$215.40 millionViewListenView Earnings Details
4/27/2015Q115$0.25$0.27$185.50 million$185.70 millionViewN/AView Earnings Details
2/24/2015Q414$0.83$0.93$210.03 million$216.30 millionViewN/AView Earnings Details
10/23/2014Q314$0.69$0.63$199.90 million$202.64 millionViewListenView Earnings Details
7/24/2014Q214$0.76$0.83$207.33 million$219.10 millionViewN/AView Earnings Details
4/21/2014Q114$0.31$0.31$173.61 million$184.00 millionViewN/AView Earnings Details
2/25/2014Q413$0.71$0.65$198.10 million$195.10 millionViewN/AView Earnings Details
10/23/2013Q313$0.55$0.56$186.83 million$188.50 millionViewN/AView Earnings Details
7/25/2013Q2 2013$0.72$0.76$197.07 million$200.20 millionViewN/AView Earnings Details
4/22/2013Q1 2013$0.36$0.29$174.70 million$168.10 millionViewListenView Earnings Details
2/19/2013Q4 2012$0.58$0.62$189.10 million$187.50 millionViewListenView Earnings Details
10/24/2012$0.63$0.47ViewN/AView Earnings Details
7/26/2012$0.62$0.71ViewN/AView Earnings Details
4/23/2012$0.39$0.28ViewN/AView Earnings Details
2/21/2012$0.57$0.59ViewN/AView Earnings Details
10/25/2011$0.51$0.52ViewN/AView Earnings Details
7/28/2011$0.47$0.56ViewN/AView Earnings Details
4/21/2011$0.30$0.30ViewN/AView Earnings Details
2/22/2011$0.40$0.40ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Tennant Company (NYSE:TNC)
2017 EPS Consensus Estimate: $2.39
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.24$0.24$0.24
Q2 20172$0.75$0.82$0.79
Q3 20172$0.55$0.64$0.60
Q4 20172$0.75$0.79$0.77
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Tennant Company (NYSE:TNC)
Most Recent Dividend:9/15/2017
Annual Dividend:$0.84
Dividend Yield:1.21%
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 Payments by Quarter for Tennant Company (NYSE:TNC)

Dividend History by Quarter for Tennant Company (NYSE TNC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/18/2017quarterly$0.211.34%8/29/20178/31/20179/15/2017
4/27/2017quarterly$0.211.13%5/26/20175/31/20176/15/2017
2/16/2017quarterly$0.211.18%2/28/20173/2/20173/15/2017
11/1/2016quarterly$0.211.34%11/28/201611/30/201612/15/2016
8/18/2016quarterly$0.201.28%8/29/20168/31/20169/15/2016
4/28/2016quarterly$0.201.48%5/26/20165/31/20166/15/2016
2/18/2016quarterly$0.201.48%2/25/20162/29/20163/15/2016
11/10/2015quarterly$0.201.34%11/25/201511/30/201512/15/2015
8/20/2015quarterly$0.201.37%8/27/20158/31/20159/15/2015
4/30/2015quarterly$0.201.24%5/27/20155/29/20156/15/2015
2/19/2015quarterly$0.201.17%2/26/20153/2/20153/16/2015
11/10/2014quarterly$0.201.08%11/25/201411/28/201412/15/2014
8/20/2014quarterly$0.201.11%8/28/20149/2/20149/15/2014
4/23/2014quarterly$0.201.27%5/28/20145/30/20146/16/2014
2/19/2014quarterly$0.181.12%2/27/20143/3/20143/17/2014
11/11/2013quarterly$0.181.19%11/26/201311/29/201312/16/2013
8/15/2013quarterly$0.181.33%8/28/20138/30/20139/16/2013
4/24/2013quarterly$0.181.53%5/29/20135/31/20136/17/2013
2/13/2013quarterly$0.181.52%2/26/20132/28/20133/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Tennant Company (NYSE:TNC)
Insider Ownership Percentage: 5.70%
Institutional Ownership Percentage: 89.42%
Insider Trades by Quarter for Tennant Company (NYSE:TNC)
Institutional Ownership by Quarter for Tennant Company (NYSE:TNC)
Insider Trades by Quarter for Tennant Company (NYSE:TNC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/5/2017Thomas PaulsonCFOSell7,500$73.95$554,625.00View SEC Filing  
6/2/2017Richard H ZaySVPSell1,280$73.00$93,440.00View SEC Filing  
5/1/2017Carol S EicherDirectorSell1,928$73.76$142,209.28View SEC Filing  
4/10/2017Thomas PaulsonCFOSell7,500$71.71$537,825.00View SEC Filing  
3/6/2017Heidi M WilsonSVPSell5,790$71.65$414,853.50View SEC Filing  
3/1/2017Steven Alan SonnenbergDirectorSell6,000$72.17$433,020.00View SEC Filing  
8/2/2016Heidi M WilsonSVPSell12,158$63.68$774,221.44View SEC Filing  
7/26/2016Thomas PaulsonCFOSell15,304$62.00$948,848.00View SEC Filing  
6/8/2016Thomas PaulsonCFOSell14,981$56.00$838,936.00View SEC Filing  
4/28/2016Heidi M WilsonSVPSell2,000$54.40$108,800.00View SEC Filing  
4/26/2016Thomas PaulsonCFOSell118$56.00$6,608.00View SEC Filing  
12/21/2015Thomas PaulsonCFOSell15,000$55.99$839,850.00View SEC Filing  
11/20/2015Heidi M. WilsonSVPSell5,126$61.63$315,915.38View SEC Filing  
7/23/2015Derek LaiInsiderSell15,000$1.20$18,000.00
7/20/2015Fund Ii L.P. Inter-AtlanticInsiderSell515,300$1.20$618,360.00
3/5/2015Heidi M WilsonSVPSell3,000$64.60$193,800.00View SEC Filing  
3/4/2015Steven Alan SonnenbergDirectorSell3,484$64.88$226,041.92View SEC Filing  
7/29/2014Chris KillingstadCEOSell4,986$75.95$378,686.70View SEC Filing  
7/29/2014Heidi M WilsonSVPSell5,000$75.61$378,050.00View SEC Filing  
5/21/2014Richard ZaySVPSell1,800$63.00$113,400.00View SEC Filing  
12/9/2013Michael SchaeferSVPSell5,939$64.78$384,728.42View SEC Filing  
11/21/2013Richard ZaySVPSell10,366$61.50$637,509.00View SEC Filing  
11/18/2013Thomas DybskySVPSell21,313$61.13$1,302,863.69View SEC Filing  
11/14/2013Heidi WilsonSVPSell5,000$61.44$307,200.00View SEC Filing  
10/29/2013Andrew J EckertSVPSell10,112$60.52$611,978.24View SEC Filing  
9/10/2013Chris KillingstadCEOSell39,100$54.88$2,145,808.00View SEC Filing  
8/26/2013Chris KillingstadCEOSell83,100$54.91$4,563,021.00View SEC Filing  
8/1/2013Heidi M WilsonVPSell5,182$52.08$269,878.56View SEC Filing  
7/9/2013Thomas DybskyVPSell4,700$51.88$243,836.00View SEC Filing  
5/21/2013Heidi M WilsonVPSell5,000$50.84$254,200.00View SEC Filing  
5/17/2013Thomas DybskyVPSell2,080$51.00$106,080.00View SEC Filing  
5/14/2013Andrew J EckertVPSell6,801$50.16$341,138.16View SEC Filing  
5/10/2013Andrew J EckertVPSell4,221$50.01$211,092.21View SEC Filing  
4/10/2013Thomas DybskyVPSell1,377$47.88$65,930.76View SEC Filing  
2/26/2013Andrew J EckertVPSell11,107$46.18$512,921.26View SEC Filing  
2/25/2013Thomas DybskyVPSell11,000$47.50$522,500.00View SEC Filing  
(Data available from 1/1/2013 forward)

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Tennant Company (TNC) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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