Tennant Company (TNC)

NYSE: TNC · Real-Time Price · USD
81.16
+0.38 (0.47%)
Dec 30, 2024, 12:32 PM EST - Market open
0.47%
Market Cap 1.53B
Revenue (ttm) 1.27B
Net Income (ttm) 108.10M
Shares Out 18.87M
EPS (ttm) 5.67
PE Ratio 14.18
Forward PE 13.30
Dividend $1.18 (1.47%)
Ex-Dividend Date Nov 29, 2024
Volume 23,891
Open 80.59
Previous Close 80.78
Day's Range 79.68 - 81.58
52-Week Range 79.25 - 124.11
Beta 0.99
Analysts Strong Buy
Price Target 137.50 (+69.42%)
Earnings Date Feb 20, 2025

About TNC

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-mach... [Read more]

Sector Industrials
Founded 1870
Employees 4,457
Stock Exchange NYSE
Ticker Symbol TNC
Full Company Profile

Financial Performance

In 2023, Tennant Company's revenue was $1.24 billion, an increase of 13.86% compared to the previous year's $1.09 billion. Earnings were $109.50 million, an increase of 65.16%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for TNC stock is "Strong Buy." The 12-month stock price forecast is $137.5, which is an increase of 69.42% from the latest price.

Price Target
$137.5
(69.42% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Tennant: A Hidden Champion Of Autonomous Robots Pays Growing Dividends

Tennant, a leading cleaning equipment manufacturer, has strong margins, impressive growth, and a robust balance sheet, but currently appears slightly overvalued. The company benefits from trends like ...

18 days ago - Seeking Alpha

Tennant Company Introduces Lithium-Ion-Powered T12 and T16 Scrubbers

MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (NYSE: TNC), a world leader in designing, manufacturing, and marketing solutions to reinvent how the world cleans, today announced the release of lithium-...

20 days ago - Business Wire

These 5 Stocks Have 50 Years of Dividend Growth—Here's How to Find More

With a new presidential administration set to take office on Jan. 20, 2025, some investors may be uncertain about how new policies and personnel will affect the stock market and interest rates. Will t...

Other symbols: BDXFULPEPPPG
23 days ago - Investopedia

13 Upcoming Dividend Increases Including 2 Kings

This week's dividend increases feature two dividend kings, Stepan and Tennant, with average increases of 7.4% and a median of 5.4%. Thirteen companies are increasing their dividends this week, with an...

5 weeks ago - Seeking Alpha

Tennant Company (TNC) Q3 2024 Earnings Call Transcript

Tennant Company (NYSE:TNC) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Company Participants Lorenzo Bassi - Vice President, Finance & Investor Relations Dave Huml - President & Chie...

2 months ago - Seeking Alpha

Tennant Company Reports Third Quarter 2024 Results

MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company ("Tennant" or the "Company") (NYSE: TNC) today reported its financial results for the quarter ended September 30, 2024.   (In millions, except per share d...

2 months ago - Business Wire

Tennant Company Increases Dividend

MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of Tennant Company (NYSE: TNC) today authorized raising the quarterly cash dividend to $0.295 per share, a 5.4% increase. The increased dividend is...

2 months ago - Business Wire

Tennant Company to Report Third Quarter 2024 Results

MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (NYSE: TNC) today announced that the company will report its third quarter 2024 financial results after the market closes on October 31, 2024, with a conf...

2 months ago - Business Wire

Tennant Company Announces New Approach to Corporate Giving and 2024 Habitat for Humanity Carter Work Project Sponsorship

MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (NYSE: TNC), a global leader in designing, manufacturing, and marketing solutions that help create a cleaner, safer, and healthier world, today announced ...

3 months ago - Business Wire

Tennant Company Launches the T291 Small Walk-Behind Scrubber for Exceptional Cleaning and Ease of Use in Small Spaces

MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (NYSE: TNC), a world leader in cleaning equipment and solutions, today announced the launch of its new T291 small walk-behind scrubber into the North Amer...

3 months ago - Business Wire

Tennant Company Launches Cleaning All-Star Sweepstakes to Celebrate Custodial Heroes of Everyday Spaces

MINNEAPOLIS--(BUSINESS WIRE)--As a global leader in the floor cleaning industry, Tennant Company (NYSE: TNC) has worked with thousands of cleaning professionals and has seen their hard work and commun...

3 months ago - Business Wire

Tennant Company Should Clean Up Nicely

Tennant Company is upgraded from 'hold' to a soft 'buy' due to improved financial performance and favorable market conditions. The firm has a significant market share in its niche cleaning equipment i...

4 months ago - Seeking Alpha

Commercial Scrubbers and Sweepers Market Forecast Report 2024-2029 - Nilfisk, Tennant, Alfred Karcher and HAKO Dominate

Dublin, Aug. 21, 2024 (GLOBE NEWSWIRE) -- The "Commercial Scrubbers and Sweepers Market - Global Outlook & Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering. The global co...

4 months ago - GlobeNewsWire

Tennant Company (TNC) Q2 2024 Earnings Call Transcript

Tennant Company (NYSE:TNC) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Lorenzo Bassi - Vice President, Finance & Investor Relations Dave Huml - President & Chief ...

5 months ago - Seeking Alpha

Tennant Company Reports Second Quarter 2024 Results

MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company ("Tennant" or the "Company") (NYSE: TNC) today reported its financial results for the quarter ended June 30, 2024. (In millions, except per share data) Th...

5 months ago - Business Wire

MEDITECH Introduces Traverse Exchange Interoperability Network for US Market

CANTON, Mass.--(BUSINESS WIRE)--MEDITECH today announced the introduction of Traverse Exchange, an advanced nationwide health information exchange network for US customers. Built on the same foundatio...

5 months ago - Business Wire

Tennant Company Declares Regular Quarterly Cash Dividend

MINNEAPOLIS--(BUSINESS WIRE)--Directors of Tennant Company (NYSE: TNC) today declared a regular quarterly cash dividend of $0.28 per share payable September 16, 2024, to shareholders of record at the ...

5 months ago - Business Wire

Tennant Company to Report Second Quarter 2024 Results on August 8, 2024

MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (NYSE: TNC) today announced that the company will report its second quarter 2024 financial results before the market opens on Thursday, August 8, 2024, wi...

5 months ago - Business Wire

Tennant Company Publishes 2024 (FY23) Sustainability Report

MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (NYSE: TNC),, a world leader in designing, manufacturing, and marketing solutions to reinvent how the world cleans, has released its annual Sustainability...

6 months ago - Business Wire

Tennant Company Appoints New Board Member

MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (NYSE: TNC), a world leader in the design, manufacture and marketing of solutions to reinvent how the world cleans, today announced the appointment of Mar...

Other symbols: GGG
8 months ago - Business Wire

Tennant Company Announces Grand Prize Winner in Fifth Annual Custodians Are Key Program

MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (NYSE: TNC), a world leader in designing, manufacturing, and marketing solutions to reinvent how the world cleans, today announced the grand-prize winner ...

8 months ago - Business Wire

Tennant Company Hosting Investor Day at NYSE

MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company ("Tennant" or the "Company") (NYSE: TNC) is hosting an Investor Day with financial analysts and institutional investors today, May 13, 2024, at 9:00 a.m. ...

8 months ago - Business Wire

Tennant Company (TNC) Q1 2024 Earnings Call Transcript

Tennant Company (NYSE:TNC) Q1 2024 Earnings Conference Call May 3, 2024 11:00 AM ET Company Participants Lorenzo Bassi - Vice President-Finance and Investor Relations Dave Huml - President and Chief ...

8 months ago - Seeking Alpha

Tennant Company Announces Senior Leadership Updates to Direct ERP Transformation and Drive Product Innovation

MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (NYSE: TNC), a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer, healthier world, today announced it h...

8 months ago - Business Wire

Tennant Company Reports First Quarter 2024 Results

MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company ("Tennant" or the "Company") (NYSE: TNC) today reported its financial results for the quarter ended March 31, 2024. (In millions, except per share data) T...

8 months ago - Business Wire