Tennant (NYSE:TNC) Releases FY 2025 Earnings Guidance

Tennant (NYSE:TNC) updated its FY 2025 earnings guidance on Monday. The company provided EPS guidance of 5.700-6.200 for the period, compared to the consensus EPS estimate of 5.820. The company issued revenue guidance of -, compared to the consensus revenue estimate of $1.2 billion.

Analysts Set New Price Targets

A number of research firms have weighed in on TNC. Wall Street Zen upgraded Tennant from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Zacks Research upgraded Tennant to a “hold” rating in a research report on Tuesday, August 12th. Roth Capital began coverage on Tennant in a research report on Friday, October 24th. They set a “buy” rating and a $102.00 price target on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Tennant in a research report on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $113.50.

Tennant Trading Down 8.5%

Shares of TNC traded down $6.79 during trading hours on Tuesday, hitting $72.83. The company had a trading volume of 20,999 shares, compared to its average volume of 138,466. The firm has a market cap of $1.35 billion, a P/E ratio of 22.69, a P/E/G ratio of 1.74 and a beta of 1.06. The stock’s 50 day moving average price is $81.17 and its 200 day moving average price is $78.77. The company has a quick ratio of 1.38, a current ratio of 2.09 and a debt-to-equity ratio of 0.33. Tennant has a 52-week low of $67.32 and a 52-week high of $94.86.

Tennant (NYSE:TNC) last released its quarterly earnings data on Monday, November 3rd. The industrial products company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.03). The company had revenue of $303.30 million during the quarter, compared to analysts’ expectations of $306.90 million. Tennant had a return on equity of 16.41% and a net margin of 4.84%.The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 EPS. Tennant has set its FY 2025 guidance at 5.700-6.200 EPS. On average, research analysts predict that Tennant will post 5.89 EPS for the current year.

Tennant Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a $0.31 dividend. This is an increase from Tennant’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, November 28th. Tennant’s dividend payout ratio (DPR) is presently 36.76%.

Institutional Trading of Tennant

Several large investors have recently modified their holdings of TNC. State of Wyoming bought a new stake in shares of Tennant in the second quarter worth about $73,000. BNP Paribas Financial Markets grew its stake in shares of Tennant by 25.1% in the second quarter. BNP Paribas Financial Markets now owns 1,936 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 389 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Tennant by 40.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,492 shares of the industrial products company’s stock worth $193,000 after purchasing an additional 722 shares during the last quarter. Quantinno Capital Management LP bought a new stake in shares of Tennant in the second quarter worth about $290,000. Finally, Jump Financial LLC bought a new stake in shares of Tennant in the second quarter worth about $315,000. 93.33% of the stock is owned by institutional investors.

About Tennant

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.