Tennant (TNC) Projected to Post Earnings on Wednesday

Tennant (NYSE:TNC - Get Free Report) will likely be releasing its Q1 2025 earnings data after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $1.38 per share and revenue of $296.63 million for the quarter.

Tennant (NYSE:TNC - Get Free Report) last announced its earnings results on Monday, February 17th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.13. The company had revenue of $328.90 million during the quarter, compared to the consensus estimate of $324.00 million. Tennant had a net margin of 6.51% and a return on equity of 19.98%. On average, analysts expect Tennant to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Tennant Stock Performance

Shares of TNC stock opened at $69.90 on Wednesday. Tennant has a 12-month low of $67.57 and a 12-month high of $119.71. The business's fifty day simple moving average is $80.09 and its 200-day simple moving average is $84.32. The company has a current ratio of 1.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.31 billion, a PE ratio of 15.96 and a beta of 0.97.

Tennant announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 13th that allows the company to repurchase 2,000,000 shares. This repurchase authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Tennant Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Friday, February 28th. Tennant's dividend payout ratio is currently 26.94%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Tennant from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th.

Insider Transactions at Tennant

In other Tennant news, insider Richard H. Zay sold 7,053 shares of Tennant stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $87.58, for a total transaction of $617,701.74. Following the completion of the sale, the insider now owns 25,770 shares of the company's stock, valued at approximately $2,256,936.60. The trade was a 21.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Barb Balinski sold 1,717 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $86.42, for a total value of $148,383.14. Following the sale, the senior vice president now owns 11,829 shares in the company, valued at approximately $1,022,262.18. The trade was a 12.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.60% of the company's stock.

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.

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