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NYSE:TNC

Tennant Stock Forecast, Price & News

$60.44
+0.76 (+1.27 %)
(As of 09/22/2020 12:00 AM ET)
Add
Compare
Today's Range
$59.32
Now: $60.44
$60.56
50-Day Range
$59.68
MA: $67.37
$72.17
52-Week Range
$46.64
Now: $60.44
$87.06
Volume54,119 shs
Average Volume80,117 shs
Market Capitalization$1.12 billion
P/E Ratio24.87
Dividend Yield1.47%
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: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.85 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.14 billion
Cash Flow$5.75 per share
Book Value$19.78 per share

Profitability

Net Income$45.80 million

Miscellaneous

Employees4,400
Market Cap$1.12 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$60.44
+0.76 (+1.27 %)
(As of 09/22/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Tennant (NYSE:TNC) Frequently Asked Questions

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

Tennant's stock was trading at $62.35 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TNC stock has decreased by 3.1% and is now trading at $60.44.
View which stocks have been most impacted by COVID-19
.

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, November 4th 2020.
View our earnings forecast for Tennant
.

How were Tennant's earnings last quarter?

Tennant (NYSE:TNC) posted its quarterly earnings results on Thursday, July, 30th. The industrial products company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.20 by $0.76. The industrial products company earned $214 million during the quarter, compared to analyst estimates of $224.80 million. Tennant had a return on equity of 14.54% and a net margin of 4.32%.
View Tennant's earnings history
.

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

Tennant declared a quarterly dividend on Wednesday, August 12th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.22 per share on Tuesday, September 15th. This represents a $0.88 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, August 28th.
View Tennant's dividend history
.

What price target have analysts set for TNC?

2 analysts have issued twelve-month price targets for Tennant's shares. Their forecasts range from $70.00 to $70.00. On average, they anticipate Tennant's stock price to reach $70.00 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price.
View analysts' price targets for Tennant
.

Are investors shorting Tennant?

Tennant saw a increase in short interest in August. As of August 31st, there was short interest totaling 509,900 shares, an increase of 18.2% from the August 15th total of 431,500 shares. Based on an average daily volume of 72,000 shares, the short-interest ratio is presently 7.1 days. Approximately 2.8% of the shares of the company are sold short.
View Tennant's Short Interest
.

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 Boeing (BA), Verizon Communications (VZ), Exxon Mobil (XOM), Medtronic (MDT), 3M (MMM), AT&T (T), Abbott Laboratories (ABT), IBM (IBM), Johnson & Johnson (JNJ) and JPMorgan Chase & Co. (JPM).

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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.79%), ArrowMark Colorado Holdings LLC (10.75%), Mairs & Power Inc. (8.62%), Ovata Capital Management Ltd (4.03%), Gamco Investors INC. ET AL (1.92%) and Bank of New York Mellon Corp (1.66%). Company insiders that own Tennant stock include Carol S Eicher, 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 major investors are selling Tennant stock?

TNC stock was sold by a variety of institutional investors in the last quarter, including ArrowMark Colorado Holdings LLC, Goldman Sachs Group Inc., Marshall Wace LLP, Vanguard Group Inc., First Trust Advisors LP, Advisor Group Holdings Inc., Prudential Financial Inc., and Bank of New York Mellon Corp. Company insiders that have sold Tennant company stock in the last year include Chris Killingstad, 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 bought by a variety of institutional investors in the last quarter, including Ovata Capital Management Ltd, Mairs & Power Inc., Gamco Investors INC. ET AL, Grantham Mayo Van Otterloo & Co. LLC, Bank of Montreal Can, Kopion Asset Management LLC, Federated Hermes Inc., and Boston Trust Walden Corp.
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 $60.44.

How big of a company is Tennant?

Tennant has a market capitalization of $1.12 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 9/22/2020 by MarketBeat.com Staff

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