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NYSE:TNC

Tennant (TNC) Stock Price, News & Analysis

Tennant logo
$85.76 +0.49 (+0.57%)
(As of 11/20/2024 ET)

About Tennant Stock (NYSE:TNC)

Key Stats

Today's Range
$84.55
$86.10
50-Day Range
$83.24
$96.65
52-Week Range
$82.54
$124.11
Volume
308,283 shs
Average Volume
119,247 shs
Market Capitalization
$1.62 billion
P/E Ratio
15.12
Dividend Yield
1.38%
Price Target
$112.00
Consensus Rating
Buy

Company Overview

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. It 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, 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, and other environments. The company 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.

Tennant Stock Analysis - MarketRank™

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93rd Percentile Overall Score

TNC MarketRank™: 

Tennant scored higher than 93% of companies evaluated by MarketBeat, and ranked 14th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Tennant has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Tennant has received no research coverage in the past 90 days.

  • Read more about Tennant's stock forecast and price target.
  • Earnings Growth

    Earnings for Tennant are expected to grow by 4.04% in the coming year, from $6.43 to $6.69 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Tennant is 15.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Tennant is 15.12, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.30.

  • Price to Book Value per Share Ratio

    Tennant has a P/B Ratio of 2.77. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Tennant's valuation and earnings.
  • Percentage of Shares Shorted

    2.45% of the outstanding shares of Tennant have been sold short.
  • Short Interest Ratio / Days to Cover

    Tennant has a short interest ratio ("days to cover") of 4.5.
  • Change versus previous month

    Short interest in Tennant has recently increased by 2.71%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Tennant pays a meaningful dividend of 1.30%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Tennant has been increasing its dividend for 53 years.

  • Dividend Coverage

    The dividend payout ratio of Tennant is 20.81%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Tennant will have a dividend payout ratio of 17.64% next year. This indicates that Tennant will be able to sustain or increase its dividend.

  • Read more about Tennant's dividend.
  • Percentage of Shares Shorted

    2.45% of the outstanding shares of Tennant have been sold short.
  • Short Interest Ratio / Days to Cover

    Tennant has a short interest ratio ("days to cover") of 4.5.
  • Change versus previous month

    Short interest in Tennant has recently increased by 2.71%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Tennant has a news sentiment score of -0.01. 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 0.76 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Tennant this week, compared to 6 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 -60% compared to the previous 30 days.
  • MarketBeat Follows

    1 people have added Tennant to their MarketBeat watchlist in the last 30 days.
  • 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 2.40% of the stock of Tennant is held by insiders.

  • Percentage Held by Institutions

    93.33% of the stock of Tennant is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Tennant's insider trading history.
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TNC Stock News Headlines

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Tennant Company (TNC) Q3 2024 Earnings Call Transcript
Why Tennant Stock Plunged Today
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TNC Stock Analysis - Frequently Asked Questions

Tennant's stock was trading at $92.69 at the beginning of the year. Since then, TNC shares have decreased by 7.5% and is now trading at $85.7550.
View the best growth stocks for 2024 here
.

Tennant (NYSE:TNC) issued its earnings results on Thursday, October, 31st. The industrial products company reported $1.39 EPS for the quarter, missing analysts' consensus estimates of $1.44 by $0.05. Tennant's revenue was up 3.6% compared to the same quarter last year.

Tennant's top institutional investors include State Street Corp (3.71%), Thrivent Financial for Lutherans (3.63%), Geode Capital Management LLC (2.32%) and Charles Schwab Investment Management Inc. (1.34%). Insiders that own company stock include David W Huml, Carol S Eicher, Steven Alan Sonnenberg, Carol E Mcknight, Donal L Mulligan, Azita Arvani, Richard H Zay and Kristin A Erickson.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Tennant investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), Arista Networks (ANET), ServiceNow (NOW) and General Electric (GE).

Company Calendar

Ex-Dividend for 9/16 Dividend
8/30/2024
Dividend Payable
9/16/2024
Last Earnings
10/31/2024
Today
11/20/2024
Ex-Dividend for 12/16 Dividend
11/29/2024
Dividend Payable
12/16/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/27/2025

Industry, Sector and Symbol

Industry
Refrigeration & service industry machinery
Sub-Industry
Industrial Machinery
CUSIP
88034510
Employees
4,457
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$112.00
High Stock Price Target
$112.00
Low Stock Price Target
$112.00
Potential Upside/Downside
+30.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$109.50 million
Pretax Margin
9.57%

Debt

Sales & Book Value

Annual Sales
$1.27 billion
Cash Flow
$9.29 per share
Book Value
$30.96 per share

Miscellaneous

Free Float
18,420,000
Market Cap
$1.62 billion
Optionable
Optionable
Beta
1.00

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This page (NYSE:TNC) was last updated on 11/21/2024 by MarketBeat.com Staff
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