Tennant (TNC) to Release Earnings on Thursday

Tennant (NYSE:TNC) is scheduled to be issuing 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.Parties that are interested in registering for the company’s 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 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 company had revenue of $331.00 million during the quarter, compared to analysts’ expectations of $327.00 million. During the same period last year, the firm earned $1.86 EPS. The firm’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 Stock Down 0.8 %

Tennant stock opened at $89.84 on Wednesday. Tennant has a twelve month low of $73.82 and a twelve month high of $124.11. The stock has a 50 day moving average of $93.46 and a two-hundred day moving average of $99.97. The company has a current ratio of 2.17, a quick ratio of 1.46 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 15.52 and a beta of 1.00.

Tennant Announces Dividend

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

Analyst Ratings Changes

Separately, StockNews.com raised Tennant from a “buy” rating to a “strong-buy” rating in a research report 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.