Tennant (NYSE:TNC) Issues 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.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Zacks Research raised shares of Tennant to a “hold” rating in a report on Tuesday, August 12th. Roth Capital started coverage on shares of Tennant in a research note on Friday, October 24th. They issued a “buy” rating and a $102.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Tennant in a research note on Tuesday, October 14th. Finally, Wall Street Zen upgraded shares of Tennant from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Tennant has a consensus rating of “Moderate Buy” and a consensus target price of $113.50.

Tennant Price Performance

Shares of NYSE:TNC traded up $0.62 on Wednesday, hitting $75.91. The stock had a trading volume of 1,172 shares, compared to its average volume of 138,475. Tennant has a twelve month low of $67.32 and a twelve month high of $94.86. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.38 and a current ratio of 2.09. The firm’s 50 day moving average price is $81.01 and its 200-day moving average price is $78.81. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 1.74 and a beta of 1.07.

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

Tennant Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.24 dividend on an annualized basis and a yield of 1.6%. This is an increase from Tennant’s previous quarterly dividend of $0.30. Tennant’s payout ratio is currently 40.41%.

Institutional Investors Weigh In On Tennant

Hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming bought a new stake in Tennant during the 2nd quarter worth about $73,000. BNP Paribas Financial Markets lifted its position in Tennant by 25.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,936 shares of the industrial products company’s stock valued at $150,000 after purchasing an additional 389 shares during the period. Tower Research Capital LLC TRC lifted its position in Tennant by 40.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,492 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 722 shares during the period. Quantinno Capital Management LP acquired a new position in Tennant during the 2nd quarter valued at about $290,000. Finally, Jump Financial LLC acquired a new position in Tennant during the 2nd quarter valued at about $315,000. Institutional investors own 93.33% 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.