Tennant (TNC) Scheduled to Post Earnings on Thursday

Tennant (NYSE:TNC) is set to issue its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $1.38 per share for the quarter. Tennant has set its FY 2024 guidance at 6.150-6.550 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Tennant (NYSE:TNC) last released its quarterly earnings data on Thursday, August 8th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.11. Tennant had a return on equity of 22.23% and a net margin of 8.76%. The firm had revenue of $331.00 million during the quarter, compared to analyst estimates of $327.00 million. During the same period in the prior year, the company posted $1.86 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts expect Tennant to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Tennant Stock Down 0.1 %

Shares of NYSE:TNC opened at $90.67 on Thursday. The company has a market capitalization of $1.72 billion, a PE ratio of 15.06 and a beta of 1.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 2.17. The company’s fifty day moving average is $93.67 and its 200-day moving average is $100.74. Tennant has a 52 week low of $72.81 and a 52 week high of $124.11.

Tennant Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.28 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.12 dividend on an annualized basis and a yield of 1.24%. Tennant’s dividend payout ratio (DPR) is presently 18.60%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Tennant from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 5th.

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.