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NYSE:TNCTennant Stock Price, Forecast & News

$57.30
-0.71 (-1.22 %)
(As of 05/22/2020 04:00 PM ET)
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Today's Range
$56.51
Now: $57.30
$58.48
50-Day Range
$51.49
MA: $58.38
$65.30
52-Week Range
$46.64
Now: $57.30
$87.06
Volume33,727 shs
Average Volume104,134 shs
Market Capitalization$1.06 billion
P/E Ratio23.20
Dividend Yield1.54%
Beta1.12
Tennant Company designs, manufactures, and markets floor cleaning equipment worldwide. 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, Superior Anodes, Orbio, 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.2Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.52 out of 5 stars


Industry, Sector and Symbol

Industry Refrigeration & service industry machinery
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
CUSIP88034510
Phone763-540-1200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.14 billion
Cash Flow$5.99 per share
Book Value$19.45 per share

Profitability

Net Income$45.80 million

Miscellaneous

Employees4,400
Market Cap$1.06 billion
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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Tennant (NYSE:TNC) Frequently Asked Questions

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

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 decreased by 8.1% and is now trading at $57.30. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Tennant?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tennant in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Tennant.

When is Tennant's next earnings date?

Tennant is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Tennant.

How were Tennant's earnings last quarter?

Tennant (NYSE:TNC) announced its quarterly earnings results on Wednesday, May, 6th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.01. The industrial products company earned $252.10 million during the quarter, compared to analysts' expectations of $252.15 million. Tennant had a net margin of 4.04% and a return on equity of 15.80%. The company's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. View Tennant's earnings history.

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

Tennant announced a quarterly dividend on Wednesday, April 29th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.22 per share on Monday, June 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Thursday, May 28th. View Tennant's dividend history.

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

Tennant updated its first quarter earnings guidance on Friday, April, 24th. The company provided EPS guidance of $0.55-0.58 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.65. The company issued revenue guidance of $252 million, compared to the consensus revenue estimate of $267.48 million.

What price target have analysts set for TNC?

2 brokers have issued 12-month price objectives for Tennant's stock. Their forecasts range from $70.00 to $70.00. On average, they expect Tennant's share price to reach $70.00 in the next year. This suggests a possible upside of 22.2% from the stock's current price. View analysts' price targets for Tennant.

Has Tennant been receiving favorable news coverage?

Media coverage about TNC stock has trended extremely negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Tennant earned a news sentiment score of -4.5 on InfoTrie's scale. They also assigned news stories about the industrial products company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutTennant.

Are investors shorting Tennant?

Tennant saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 370,200 shares, a drop of 7.0% from the April 30th total of 398,200 shares. Based on an average daily trading volume, of 87,700 shares, the days-to-cover ratio is currently 4.2 days. Currently, 2.1% of the company's shares are short sold. View Tennant's Current Options Chain.

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 Verizon Communications (VZ), Boeing (BA), 3M (MMM), Johnson & Johnson (JNJ), Medtronic (MDT), Exxon Mobil (XOM), AbbVie (ABBV), JPMorgan Chase & Co. (JPM), PepsiCo (PEP) and Pfizer (PFE).

Who are Tennant's key executives?

Tennant's management team includes the following people:
  • Mr. H. Chris Killingstad, Pres, CEO & Director (Age 63)
  • Mr. David W. Huml, Sr. VP of EMEA, APAC, Global Marketing & Operations (Age 50)
  • Mr. Richard H. Zay, Sr. VP of the Americas and R&D (Age 48)
  • Mr. Keith A. Woodward, Sr. VP & CFO (Age 54)
  • Mr. Michael W. Schaefer, CTO, Sr. VP of Engineering and R&D (Age 58)

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 BlackRock Inc. (14.24%), ArrowMark Colorado Holdings LLC (11.21%), Clearbridge Investments LLC (4.97%), State Street Corp (2.96%), Gamco Investors INC. ET AL (1.71%) and Bank of New York Mellon Corp (1.71%). Company insiders that own Tennant stock include Carol S Eicher, Chris Killingstad, David S Wichmann, David W Huml, Donal L Mulligan, Richard H Zay, Steven Alan Sonnenberg and Thomas Paulson. View institutional ownership trends for Tennant.

Which major investors are selling Tennant stock?

TNC stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Bank of New York Mellon Corp, Russell Investments Group Ltd., Morgan Stanley, Gabelli Funds LLC, Deutsche Bank AG, Ceredex Value Advisors LLC, and ArrowMark Colorado Holdings LLC. Company insiders that have sold Tennant company stock in the last year include Carol S Eicher, Chris Killingstad, David S Wichmann, David W Huml, Donal L Mulligan, Richard H Zay, and Steven Alan Sonnenberg. View insider buying and selling activity for Tennant.

Which major investors are buying Tennant stock?

TNC stock was acquired by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Penn Capital Management Co. Inc., Roubaix Capital LLC, State Street Corp, Geode Capital Management LLC, Boston Trust Walden Corp, Boston Trust Walden Corp, and Advisor Group Holdings Inc.. View insider buying and selling activity for Tennant.

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, Robinhood, Fidelity, and Charles Schwab.

What is Tennant's stock price today?

One share of TNC stock can currently be purchased for approximately $57.30.

How big of a company is Tennant?

Tennant has a market capitalization of $1.06 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 4,400 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 5/25/2020 by MarketBeat.com Staff

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