Tennant - TNC Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tennant in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" TNC shares.
View TNC analyst ratings or view top-rated stocks.

1 brokers have issued 1 year target prices for Tennant's stock. Their TNC share price forecasts range from $98.00 to $98.00. On average, they predict the company's stock price to reach $98.00 in the next twelve months. This suggests a possible upside of 43.0% from the stock's current price.
View analysts price targets for TNC or view top-rated stocks among Wall Street analysts.

Tennant's stock was trading at $61.57 at the beginning of 2023. Since then, TNC stock has increased by 11.3% and is now trading at $68.53.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our TNC earnings forecast.

Tennant (NYSE:TNC) posted its earnings results on Thursday, February, 23rd. The industrial products company reported $1.46 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.25. The industrial products company had revenue of $291 million for the quarter, compared to the consensus estimate of $291.20 million. Tennant had a trailing twelve-month return on equity of 17.29% and a net margin of 6.07%. The firm's revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 earnings per share.

Tennant declared a quarterly dividend on Tuesday, February 14th. Investors of record on Friday, March 3rd will be paid a dividend of $0.265 per share on Wednesday, March 15th. This represents a $1.06 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, March 2nd.
Read our dividend analysis for TNC.

ETFs with the largest weight of Tennant (NYSE:TNC) stock in their portfolio include VanEck Environmental Services ETF (EVX), Gabelli Automation ETF (GAST), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Industrials ETF (PSCI), Small Cap US Equity Select ETF (RNSC), Timothy Plan US Small Cap Core ETF (TPSC), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF) and SPDR S&P 600 Small CapValue ETF (SLYV).

Tennant (NYSE:TNC) pays an annual dividend of $1.06 per share and currently has a dividend yield of 1.59%. The company has been increasing its dividend for 50 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.94%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TNC.

Tennant issued an update on its FY 2023 earnings guidance on Thursday, February, 23rd. The company provided earnings per share (EPS) guidance of $3.70-$4.50 for the period, compared to the consensus earnings per share estimate of $4.50. The company issued revenue guidance of $1.11 billion-$1.16 billion, compared to the consensus revenue estimate of $1.15 billion.

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

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

Tennant trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNC."

Shares of TNC stock 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.
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One share of TNC stock can currently be purchased for approximately $68.53.

Tennant (NYSE:TNC) has a market capitalization of $1.27 billion and generates $1.09 billion in revenue each year. The industrial products company earns $66.30 million in net income (profit) each year or $3.54 on an earnings per share basis.

The company employs 4,299 workers across the globe.

Tennant's mailing address is 701 NORTH LILAC DRIVE PO BOX 1452, MINNEAPOLIS MN, 55440. The official website for the company is www.tennantco.com. The industrial products company can be reached via phone at (763) 540-1200, via email at william.prate@tennantco.com, or via fax at 763-513-2142.