Tennant (NYSE:TNC) Issues FY 2025 Earnings Guidance

Tennant (NYSE:TNC) updated its FY 2025 earnings guidance on Tuesday. 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.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of 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 report on Thursday, December 19th. They issued a “buy” rating and a $125.00 price objective for the company.

Tennant Price Performance

Shares of NYSE TNC opened at $85.96 on Wednesday. Tennant has a twelve month low of $78.57 and a twelve month high of $124.11. The firm has a market cap of $1.62 billion, a P/E ratio of 15.16 and a beta of 1.01. The company has a 50 day moving average of $83.94 and a 200 day moving average of $89.02. The company has a quick ratio of 1.43, a current ratio of 2.17 and a debt-to-equity ratio of 0.32.

Tennant Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Friday, February 28th. Tennant’s dividend payout ratio (DPR) is presently 20.81%.

Tennant announced that its board has approved a share repurchase program on Thursday, February 13th that authorizes the company to repurchase 2,000,000 shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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.