Tennant (NYSE:TNC) Releases FY 2025 Earnings Guidance

Tennant (NYSE:TNC) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 5.700-6.200 for the period, compared to the consensus estimate of 6.580. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TNC. StockNews.com cut Tennant from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. Northcoast Research began coverage on Tennant in a research note on Thursday, December 19th. They set a “buy” rating and a $125.00 price objective on the stock.

Tennant Stock Down 1.7 %

NYSE TNC opened at $85.96 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.43. The stock has a market capitalization of $1.62 billion, a PE ratio of 15.16 and a beta of 1.01. Tennant has a 1 year low of $78.57 and a 1 year high of $124.11. The business’s 50-day moving average is $83.94 and its 200 day moving average is $89.02.

Tennant Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.18 annualized dividend and a yield of 1.37%. Tennant’s payout ratio is 20.81%.

Tennant announced that its board has authorized a stock buyback plan on Thursday, February 13th that permits the company to buyback 2,000,000 outstanding shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

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.