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Tennant Company is a specialty industrial machinery business based in the US. Tennant Company shares (TNC) are listed on the NYSE and all prices are listed in US Dollars. Tennant Company employs 4,373 staff and has a trailing 12-month revenue of around USD$1 billion.
|52-week range||USD$46.1784 - USD$79.5838|
|50-day moving average||USD$73.0779|
|200-day moving average||USD$67.5768|
|Wall St. target price||USD$78.67|
|Dividend yield||USD$0.88 (1.14%)|
|Earnings per share (TTM)||USD$2.27|
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Valuing Tennant Company stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Tennant Company's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Tennant Company's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 34x. In other words, Tennant Company shares trade at around 34x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Tennant Company's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.01. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Tennant Company's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Tennant Company's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$143.3 million.
The EBITDA is a measure of a Tennant Company's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$1 billion|
|Operating margin TTM||8.81%|
|Gross profit TTM||USD$466.2 million|
|Return on assets TTM||5.34%|
|Return on equity TTM||11.51%|
|Market capitalisation||USD$1.4 billion|
TTM: trailing 12 months
There are currently 239,168 Tennant Company shares held short by investors – that's known as Tennant Company's "short interest". This figure is 20.7% down from 301,652 last month.
There are a few different ways that this level of interest in shorting Tennant Company shares can be evaluated.
Tennant Company's "short interest ratio" (SIR) is the quantity of Tennant Company shares currently shorted divided by the average quantity of Tennant Company shares traded daily (recently around 75447.318611987). Tennant Company's SIR currently stands at 3.17. In other words for every 100,000 Tennant Company shares traded daily on the market, roughly 3170 shares are currently held short.
However Tennant Company's short interest can also be evaluated against the total number of Tennant Company shares, or, against the total number of tradable Tennant Company shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Tennant Company's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Tennant Company shares in existence, roughly 10 shares are currently held short) or 0.0211% of the tradable shares (for every 100,000 tradable Tennant Company shares, roughly 21 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Tennant Company.
Find out more about how you can short Tennant Company stock.
Dividend payout ratio: 37.04% of net profits
Recently Tennant Company has paid out, on average, around 37.04% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.19% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Tennant Company shareholders could enjoy a 1.19% return on their shares, in the form of dividend payments. In Tennant Company's case, that would currently equate to about $0.88 per share.
While Tennant Company's payout ratio might seem fairly standard, it's worth remembering that Tennant Company may be investing much of the rest of its net profits in future growth.
Tennant Company's most recent dividend payout was on 15 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 26 February 2021 (the "ex-dividend date").
Tennant Company's shares were split on a 2:1 basis on 26 July 2006. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Tennant Company shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Tennant Company shares which in turn could have impacted Tennant Company's share price.
Over the last 12 months, Tennant Company's shares have ranged in value from as little as $46.1784 up to $79.5838. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Tennant Company's is 1.1782. This would suggest that Tennant Company's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Tennant Company 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 outdoor cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, specialty surface coatings, and asset management solutions. It also provides business solutions, such as financing, rental, and leasing programs, as well as machine-to-machine asset management solutions. The company offers its products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IRIS, VLX, and IPC brands, as well as private-label brands. Its products are used in retail establishments and distribution centers; factories and warehouses; and public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, parking lots and streets, and other environments. The company markets its products to contract cleaners and businesses through direct sales and service organization, as well as through a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Minneapolis, Minnesota.
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