NYSE:TNC

Tennant - TNC Stock Forecast, Price & News

$70.51

-1.00 (-1.40%)

(As of 08/16/2022 12:00 AM ET)

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Today's Range: $70.37
▼
$71.71
50-Day Range: $55.36
▼
$71.51
52-Week Range: $54.90
▼
$85.33

Volume: 39,421 shs
Average Volume: 55,283 shs
Market Capitalization: $1.31 billion

P/E Ratio: 23.50
Dividend Yield: 1.40%
Price Target: N/A

Tennant MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
1.68% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -1.88
Upright™ Environmental Score
News Sentiment: 0.14
Based on 5 Articles This Week
Insider Trading: N/A
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.

1.97 out of 5 stars

Industrial Products Sector

129th out of 189 stocks

Refrigeration & Service Industry Machinery Industry

5th out of 5 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Tennant.

2.0

Short Interest

Percentage of Shares Shorted
1.68% of the float of Tennant has been sold short.
Short Interest Ratio / Days to Cover
Tennant has a short interest ratio ("days to cover") of 5.7.
Change versus previous month
Short interest in Tennant has recently increased by 0.94%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Yield
Tennant pays a meaningful dividend of 1.40%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Tennant has been increasing its dividend for 50 years.
Dividend Coverage
The dividend payout ratio of Tennant is 33.33%. This payout ratio is at a healthy, sustainable level, below 75%.

2.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Tennant has received a 15.79% net impact score from Upright. Tennant seems to create the most significant positive value in categories "Jobs", "Taxes", and "Physical diseases". The positive contribution in the "Physical diseases" impact category is mostly driven by its "Surface cleaning machines", "Upright vacuum cleaners", and "Canister vacuum cleaners" products. See details.
Environmental Sustainability
The Environmental Impact score for Tennant is -1.88.

1.7

News and Social Media Coverage

News Sentiment
Tennant has a news sentiment score of 0.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Tennant this week, compared to 2 articles on an average week.
Search Interest
Only 2 people have searched for TNC on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Tennant to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tennant insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.50% of the stock of Tennant is held by insiders.
Percentage Held by Institutions
87.37% of the stock of Tennant is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Tennant is 23.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tennant is 23.50, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 29.84.
Price to Book Value per Share Ratio
Tennant has a P/B Ratio of 3.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Tennant from a "strong-buy" rating to a "buy" rating in a research note on Thursday, August 11th.

Tennant Price Performance

NYSE:TNC traded down $0.89 during mid-day trading on Tuesday, hitting $70.62. The stock had a trading volume of 1,550 shares, compared to its average volume of 35,380. The firm's 50 day moving average is $61.51 and its 200 day moving average is $68.82. Tennant has a twelve month low of $54.90 and a twelve month high of $85.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.97 and a quick ratio of 1.26. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 23.90 and a beta of 1.07.

Tennant (NYSE:TNC - Get Rating) last posted its quarterly earnings data on Tuesday, August 9th. The industrial products company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.87 by $0.05. Tennant had a return on equity of 15.82% and a net margin of 5.18%. The firm had revenue of $280.20 million during the quarter, compared to the consensus estimate of $276.65 million. During the same period in the prior year, the company earned $1.18 EPS. The firm's revenue was up .4% compared to the same quarter last year. Equities research analysts forecast that Tennant will post 4.45 earnings per share for the current fiscal year.

Tennant Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Tuesday, August 30th. Tennant's dividend payout ratio (DPR) is presently 33.33%.

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TNC Stock News Headlines

August 15, 2022 | americanbankingnews.com

Tennant (NYSE:TNC) Downgraded by StockNews.com to Buy

August 11, 2022 | msn.com

Two people killed in fatal crash north of Tennant Creek in outback Northern Territory

August 11, 2022 | seekingalpha.com

Tennant Company (TNC) CEO David Huml on Q2 2022 Results - Earnings Call Transcript

August 10, 2022 | investing.com

Tennant Co. Tops Q2 EPS by 5c, Offers Guidance By Investing.com - Investing.com

August 9, 2022 | in.investing.com

Tennant Co. Tops Q2 EPS by 5c, Offers Guidance By Investing.com - Investing.com India

August 9, 2022 | benzinga.com

Tennant: Q2 Earnings Insights - Benzinga

August 9, 2022 | uk.investing.com

Tennant Co. Tops Q2 EPS by 5c, Offers Guidance By Investing.com - Investing.com UK

August 9, 2022 | streetinsider.com

Form 8-K TENNANT CO For: Aug 09 - StreetInsider.com

August 9, 2022 | finance.yahoo.com

Tennant Company Reports 2022 Second Quarter Results - Yahoo Finance

August 9, 2022 | markets.businessinsider.com

Tennant earnings: here's what to expect

August 9, 2022 | msn.com

Tennant: Q2 Earnings Insights

August 9, 2022 | finance.yahoo.com

Tennant Company Reports 2022 Second Quarter Results

August 8, 2022 | seekingalpha.com

Tennant Q2 2022 Earnings Preview (NYSE:TNC) - Seeking Alpha

August 1, 2022 | forbes.com

As Aston Martin Triples Loss, Survival Might Require A Takeover - Forbes

July 28, 2022 | finance.yahoo.com

Is Now An Opportune Moment To Examine Tennant Company (NYSE:TNC)? - Yahoo Finance

July 28, 2022 | finance.yahoo.com

Is Now An Opportune Moment To Examine Tennant Company (NYSE:TNC)?

July 26, 2022 | streetinsider.com

Tennant Company to Webcast Second Quarter 2022 Conference Call - StreetInsider.com

July 26, 2022 | finance.yahoo.com

Tennant Company to Webcast Second Quarter 2022 Conference Call

July 17, 2022 | forbes.com

Could Electric Cars Save Ailing Aston Martin, As It Shakes Off Debt Burden? - Forbes

July 13, 2022 | bbc.com

Fishing ban as low rainfall sees Wales' river levels drop - BBC

July 6, 2022 | finance.yahoo.com

Tennant Company's (NYSE:TNC) Intrinsic Value Is Potentially 53% Above Its Share Price

June 28, 2022 | streetinsider.com

Major Drilling announces Kim Keating to become Board Chair; David Tennant to Retire from the Board at the 2022 AGM - StreetInsider.com

June 27, 2022 | finance.yahoo.com

Major Drilling announces Kim Keating to become Board Chair; David Tennant to Retire from the Board at the 2022 AGM - Yahoo Finance

June 21, 2022 | finance.yahoo.com

Tennant (NYSE:TNC) Might Be Having Difficulty Using Its Capital Effectively

June 16, 2022 | proactiveinvestors.com.au

CuFe engages in review of Tennant Creek gold and copper resource - Proactive Investors Australia

See More Headlines

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TNC Company Calendar

Ex-Dividend for 6/15 Dividend: 5/27/2022
Dividend Payable: 6/15/2022
Last Earnings: 8/09/2022
Today: 8/17/2022
Ex-Dividend for 9/15 Dividend: 8/30/2022
Dividend Payable: 9/15/2022
Next Earnings (Estimated): 11/01/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Refrigeration & service industry machinery
Sub-Industry: Industrial Machinery
Sector: Industrial Products
Current Symbol: NYSE:TNC
CUSIP: 88034510
CIK: 97134
Web: www.tennantco.com
Phone: (763) 540-1200
Fax: 763-513-2142
Employees: 4,263
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $3.00
Trailing P/E Ratio: 23.50
Forward P/E Ratio: 15.84
P/E Growth: N/A
Net Income: $64.90 million
Net Margins: 5.18%
Pretax Margin: 6.34%
Return on Equity: 15.82%
Return on Assets: 6.58%

Debt

Debt-to-Equity Ratio: 0.60
Current Ratio: 1.97
Quick Ratio: 1.26

Sales & Book Value

Annual Sales: $1.09 billion
Price / Sales: 1.20
Cash Flow: $7.38 per share
Price / Cash Flow: 9.56
Book Value: $23.49 per share
Price / Book: 3.00

Miscellaneous

Outstanding Shares: 18,580,000
Free Float: 18,116,000
Market Cap: $1.31 billion
Optionable: Optionable
Beta: 1.07

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. 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TNC Stock - Frequently Asked Questions

How have TNC shares performed in 2022?: Tennant's stock was trading at $81.04 at the beginning of 2022. Since then, TNC stock has decreased by 13.0% and is now trading at $70.51.
View the best growth stocks for 2022 here.
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 data on Tuesday, August, 9th. The industrial products company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.05. 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 posted $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 dividend on an annualized basis and a dividend yield of 1.42%. 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 1.40%. 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 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, August, 16th. 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."
Who are Tennant's major shareholders?: Tennant's stock is owned by a variety of retail and institutional investors. Top institutional investors include Clearbridge Investments LLC (4.40%), State Street Corp (3.49%), Thrivent Financial for Lutherans (2.67%), Gamco Investors INC. ET AL (2.33%), Northern Trust Corp (1.11%) and Russell Investments Group Ltd. (0.84%). Insiders that own company stock include Azita Arvani, 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.
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 $70.51.
How much money does Tennant make?: 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 $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 8/17/2022 by MarketBeat.com Staff

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Tennant - TNC Stock Forecast, Price & News

Tennant MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability