Tennant (TNC) Set to Announce Quarterly Earnings on Thursday

Tennant (NYSE:TNC - Get Free Report) is scheduled to announce its earnings results after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $1.38 per share for the quarter. Tennant has set its FY 2024 guidance at 6.150-6.550 EPS.Investors interested in listening to the company's conference call can do so using this link.

Tennant (NYSE:TNC - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.72 by $0.11. Tennant had a return on equity of 22.23% and a net margin of 8.76%. The firm had revenue of $331.00 million during the quarter, compared to analyst estimates of $327.00 million. During the same period in the previous year, the company posted $1.86 EPS. The business's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts expect Tennant to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Tennant Stock Down 0.5 %

TNC stock traded down $0.47 during trading on Thursday, reaching $90.17. 74,882 shares of the company traded hands, compared to its average volume of 118,752. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 15.57 and a beta of 1.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 2.17. The business has a 50 day simple moving average of $93.60 and a 200 day simple moving average of $100.66. Tennant has a 12 month low of $72.81 and a 12 month high of $124.11.

Tennant Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, August 30th. Tennant's payout ratio is currently 19.34%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Tennant from a "buy" rating to a "strong-buy" rating in a report on Thursday, September 5th.

Tennant Company Profile

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, and asset management solutions.