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 Analysts Forecast Growth

TNC has been the topic of a number of research analyst reports. StockNews.com cut Tennant from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Northcoast Research assumed coverage on shares of Tennant in a research report on Thursday, December 19th. They set a “buy” rating and a $125.00 target price on the stock.

Tennant Stock Performance

Shares of TNC opened at $87.41 on Tuesday. Tennant has a one year low of $78.57 and a one year high of $124.11. The company has a market cap of $1.65 billion, a PE ratio of 15.42 and a beta of 1.01. The stock has a 50-day moving average of $83.94 and a 200-day moving average of $89.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.43.

Tennant Dividend Announcement

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 paid a $0.295 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.18 dividend on an annualized basis and a yield of 1.35%. Tennant’s dividend payout ratio (DPR) is presently 20.81%.

Tennant declared that its Board of Directors has initiated a share repurchase program on Thursday, February 13th that permits the company to repurchase 2,000,000 outstanding shares. This repurchase authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are 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.