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 price objectives for Tennant's stock. Their TNC share price forecasts range from $96.00 to $96.00. On average, they expect the company's share price to reach $96.00 in the next twelve months. This suggests a possible upside of 36.6% 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 shares have increased by 14.1% and is now trading at $70.27.
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Tennant saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 465,700 shares, an increase of 38.6% from the December 15th total of 335,900 shares. Based on an average daily volume of 81,000 shares, the days-to-cover ratio is presently 5.7 days. Approximately 2.5% of the shares of the company are sold short.
View Tennant's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our TNC earnings forecast.

Tennant (NYSE:TNC) issued its earnings results on Monday, November, 1st. The industrial products company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.47. The industrial products company had revenue of $272 million for the quarter. Tennant had a trailing twelve-month return on equity of 14.50% and a net margin of 4.68%. During the same period last year, the company earned $0.90 EPS.

Tennant announced a quarterly dividend on Wednesday, October 26th. Investors of record on Wednesday, November 30th will be given a dividend of $0.265 per share on Thursday, December 15th. This represents a $1.06 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Tuesday, November 29th. This is an increase from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for TNC.

Tennant (NYSE:TNC) pays an annual dividend of $1.06 per share and currently has a dividend yield of 1.50%. 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 39.41%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TNC.

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."

Tennant's stock is owned by many different institutional and retail investors. Top institutional investors include Prentiss Smith & Co. Inc. (0.36%), Martin & Co. Inc. TN (0.15%), Assenagon Asset Management S.A. (0.12%), Summit Global Investments (0.07%), Yousif Capital Management LLC (0.06%) and Comerica Bank (0.06%). Insiders that own company stock include Azita Arvani, Carol S Eicher, Chris Killingstad, David S Wichmann, David W Huml, Donal L Mulligan, Richard H Zay, Richard H Zay and Steven Alan Sonnenberg.
View institutional ownership trends.

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 $70.27.

Tennant (NYSE:TNC) has a market capitalization of $1.31 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 $2.69 on an earnings per share basis.

The company employs 4,263 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.