Tennant (TNC) to Release Earnings on Thursday

Tennant (NYSE:TNC) is scheduled to post its quarterly earnings results after the market closes on Thursday, October 31st. Analysts expect Tennant to post earnings of $1.38 per share for the quarter. Tennant has set its FY 2024 guidance at 6.150-6.550 EPS.Persons interested in participating in 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 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.11. Tennant had a return on equity of 22.23% and a net margin of 8.76%. The business had revenue of $331.00 million for the quarter, compared to the consensus estimate of $327.00 million. During the same quarter in the prior year, the business posted $1.86 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts expect Tennant to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Tennant Trading Down 0.8 %

TNC opened at $89.84 on Wednesday. Tennant has a one year low of $73.82 and a one year high of $124.11. The company has a market cap of $1.70 billion, a P/E ratio of 15.52 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 business’s 50-day simple moving average is $93.46 and its 200-day simple moving average is $99.97.

Tennant Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.25%. Tennant’s payout ratio is currently 19.34%.

Analyst Upgrades and Downgrades

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

About Tennant

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.