Tennant (NYSE:TNC) Issues FY 2025 Earnings Guidance

Tennant (NYSE:TNC) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 5.700-6.200 for the period, compared to the consensus EPS 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.

Tennant Price Performance

Shares of NYSE TNC opened at $87.41 on Tuesday. The firm has a market capitalization of $1.65 billion, a P/E ratio of 15.42 and a beta of 1.01. The company has a quick ratio of 1.43, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The stock’s 50-day simple moving average is $83.94 and its two-hundred day simple moving average is $89.02. Tennant has a twelve month low of $78.57 and a twelve month high of $124.11.

Tennant Dividend Announcement

The firm also recently announced 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 is currently 20.81%.

Tennant declared that its Board of Directors has approved a stock repurchase 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. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have recently commented on TNC. StockNews.com lowered Tennant from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st. Northcoast Research initiated coverage on Tennant in a research report on Thursday, December 19th. They set a “buy” rating and a $125.00 price objective on the stock.

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.