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NYSE:TNC

Tennant - TNC Stock Forecast, Price & News

$56.56
-0.56 (-0.98%)
(As of 09/30/2022 12:00 AM ET)
Add
Compare
Today's Range
$56.51
$58.36
50-Day Range
$57.04
$71.51
52-Week Range
$54.90
$85.33
Volume
72,676 shs
Average Volume
54,822 shs
Market Capitalization
$1.05 billion
P/E Ratio
18.85
Dividend Yield
1.75%
Price Target
$96.00

Tennant MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
69.7% Upside
$96.00 Price Target
Short Interest
Bearish
1.97% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.88
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$285,180 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.46 out of 5 stars

Industrial Products Sector

79th out of 187 stocks

Refrigeration & Service Industry Machinery Industry

3rd out of 5 stocks

TNC stock logo

About Tennant (NYSE:TNC) Stock

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 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. It 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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TNC Stock News Headlines

Tennant: Q2 Earnings Insights - Benzinga
Form 8-K TENNANT CO For: Aug 09 - StreetInsider.com
Tennant earnings: here's what to expect
Tennant: Q2 Earnings Insights
See More Headlines
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TNC Company Calendar

Last Earnings
8/09/2022
Ex-Dividend for 9/15 Dividend
8/30/2022
Dividend Payable
9/15/2022
Today
9/30/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Refrigeration & service industry machinery
Sub-Industry
Industrial Machinery
CUSIP
88034510
Employees
4,263
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$96.00
High Stock Price Forecast
$96.00
Low Stock Price Forecast
$96.00
Forecasted Upside/Downside
+69.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$64.90 million
Pretax Margin
6.34%

Debt

Sales & Book Value

Annual Sales
$1.09 billion
Cash Flow
$7.10 per share
Book Value
$23.49 per share

Miscellaneous

Free Float
18,116,000
Market Cap
$1.05 billion
Optionable
Optionable
Beta
1.08

Key Executives

  • Mr. David W. Huml (Age 53)
    Pres, CEO & Director
    Comp: $1.71M
  • Ms. Fay West (Age 53)
    Sr. VP, CFO & Principal Accounting Officer
    Comp: $1.06M
  • Ms. Carol E. McKnight (Age 54)
    Sr. VP & Chief Admin. Officer
    Comp: $669.65k
  • Mr. Richard H. ZayMr. Richard H. Zay (Age 51)
    Sr. VP & Chief Commercial Officer
    Comp: $1.49M
  • Ms. Barb Balinski (Age 58)
    Sr. VP of Innovation & Technology
  • Ms. Kristin A. Stokes (Age 49)
    Sr. VP, Gen. Counsel & Corp. Sec.
  • Ms. Kathryn Lovik
    Global Communications Director
  • Mr. Thomas A. Stueve
    VP of Global Tax, Treasury & Risk and Treasurer
  • Mr. David C. Cox (Age 84)
    Exec. Officer













TNC Stock - Frequently Asked Questions

Should I buy or sell Tennant stock right now?

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

What is Tennant's stock price forecast for 2022?

1 Wall Street research analysts have issued 1 year price objectives for Tennant's shares. Their TNC share price forecasts range from $96.00 to $96.00. On average, they predict the company's stock price to reach $96.00 in the next twelve months. This suggests a possible upside of 67.2% from the stock's current price.
View analysts price targets for TNC
or view top-rated stocks among Wall Street analysts.

How have TNC shares performed in 2022?

Tennant's stock was trading at $81.04 at the start of the year. Since then, TNC shares have decreased by 29.1% and is now trading at $57.43.
View the best growth stocks for 2022 here
.

Are investors shorting Tennant?

Tennant saw a increase in short interest in August. As of August 31st, there was short interest totaling 345,600 shares, an increase of 20.8% from the August 15th total of 286,000 shares. Based on an average daily trading volume, of 45,600 shares, the days-to-cover ratio is presently 7.6 days. Approximately 1.9% of the shares of the stock are short sold.
View Tennant's Short Interest
.

When is Tennant's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our TNC earnings forecast
.

How were Tennant's earnings last quarter?

Tennant (NYSE:TNC) announced its quarterly earnings results on Tuesday, August, 9th. The industrial products company reported $0.92 EPS for the quarter. The industrial products company earned $280.20 million during the quarter, compared to analyst estimates of $276.65 million. Tennant had a trailing twelve-month return on equity of 15.82% and a net margin of 5.18%. The firm's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.18 earnings per share.

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

Tennant announced a quarterly dividend on Wednesday, August 3rd. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.25 per share on Thursday, September 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Tuesday, August 30th.
Read our dividend analysis for TNC
.

Is Tennant a good dividend stock?

Tennant (NYSE:TNC) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.70%. The company has been increasing its dividend for 49 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 33.33%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TNC.

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

Tennant issued an update on its FY 2022 earnings guidance on Tuesday, September, 13th. The company provided earnings per share guidance of $4.15-$4.75 for the period. The company issued revenue guidance of $1.13 billion-$1.17 billion, compared to the consensus revenue estimate of $1.15 billion.

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

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.

What other stocks do shareholders of Tennant own?

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).

What is Tennant's stock symbol?

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

How do I buy shares of Tennant?

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.
Compare Top Brokerages Here.

What is Tennant's stock price today?

One share of TNC stock can currently be purchased for approximately $57.43.

How much money does Tennant make?

Tennant (NYSE:TNC) has a market capitalization of $1.07 billion and generates $1.09 billion in revenue each year. The industrial products company earns $64.90 million in net income (profit) each year or $3.00 on an earnings per share basis.

How many employees does Tennant have?

The company employs 4,263 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 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.

This page (NYSE:TNC) was last updated on 9/30/2022 by MarketBeat.com Staff

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