Tennant (TNC) Set to Announce Quarterly Earnings on Thursday

Tennant (NYSE:TNC) is set to release its earnings data 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.Individual that wish to listen to the company’s earnings conference call can do so using this link.

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

Tennant Stock Performance

TNC opened at $90.67 on Thursday. The company has a quick ratio of 1.46, a current ratio of 2.17 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average price is $93.67 and its two-hundred day moving average price is $100.74. The firm has a market capitalization of $1.72 billion, a P/E ratio of 15.06 and a beta of 1.00. Tennant has a 12-month low of $72.81 and a 12-month high of $124.11.

Tennant Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.28 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.12 annualized dividend and a dividend yield of 1.24%. Tennant’s payout ratio is 18.60%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of 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.