<div id="readability-page-1"><p>Tennant Company (NYSE:TNC - Get Free Report) dropped 8.3% during mid-day trading on Tuesday following a weaker than expected earnings announcement. The stock traded as low as $73.04 and last traded at $73.0150. Approximately 20,999 shares were traded  during trading, a decline of 85% from the average daily volume of 138,466 shares. The stock had previously closed at $79.62.</p><ul><li>3 Dividend Kings Poised to Outperform the Market</li></ul><p>The industrial products company reported $1.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.03). Tennant had a return on equity of 16.41% and a net margin of 4.84%.The firm had revenue of $303.30 million for the quarter, compared to the consensus estimate of $306.90 million. During the same quarter in the prior year, the firm earned $1.39 EPS. The company's revenue was down 4.0% on a year-over-year basis.  Tennant has set its FY 2025 guidance at 5.700-6.200 EPS.</p><h2>Tennant Increases Dividend</h2><p>The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. This is an increase from Tennant's previous quarterly dividend of $0.30. The ex-dividend date is Friday, November 28th. Tennant's dividend payout ratio  is presently 36.76%. </p><h2>Wall Street Analysts Forecast Growth</h2><p>Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded Tennant from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research note on Saturday, September 20th. Zacks Research upgraded shares of Tennant to a &#34;hold&#34; rating in a research report on Tuesday, August 12th. Roth Capital initiated coverage on shares of Tennant in a research report on Friday, October 24th. They set a &#34;buy&#34; rating and a $102.00 price objective for the company. Finally, Weiss Ratings  restated a &#34;hold (c)&#34; rating on shares of Tennant in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating and two have assigned  a Hold rating to the company. According to MarketBeat, Tennant  has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $113.50.</p><p><b>Get Our Latest Stock Report on TNC</b></p><h2>Institutional Inflows and Outflows</h2><p>Institutional investors have recently modified their holdings of the stock. Salomon &amp; Ludwin LLC acquired a new position in shares of  Tennant during the third quarter worth $28,000.  CoreCap Advisors LLC acquired a new position in shares of  Tennant during the third quarter worth $30,000.  GAMMA Investing LLC increased its holdings in shares of  Tennant by 429.0% during the first quarter. GAMMA Investing LLC now owns 492 shares of the industrial products company's stock worth $39,000 after buying an additional 399 shares in the last quarter.  Banque Transatlantique SA acquired a new position in shares of  Tennant during the first quarter worth $59,000.  Finally, Alta Fox Capital Management LLC acquired a new stake in  Tennant in the first quarter valued at $73,000. 93.33% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Tennant Stock Down 7.8%</h2><p>The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 1.74 and a beta of 1.06. The stock has a fifty day moving average of $81.17 and a two-hundred day moving average of $78.77. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.09 and a quick ratio of 1.38. </p><h2>Tennant Company Profile</h2> (Get Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Tennant</li><li>High Flyers: 3 Natural Gas Stocks for March 2022</li><li>Intel's SambaNova Play Isn't an Acquisition, It's an Ambush</li><li>Trading Stocks: RSI and Why it's Useful</li><li>Why Roblox Stock Could Soar 75% After the Q3 Dip</li><li>What Are Some of the Best Large-Cap Stocks to Buy?</li><li>Amazon vs. Apple: Which Mag 7 Is the Better Buy?</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Tennant Right Now?</h2><p>Before you consider Tennant, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tennant wasn't on the list.</p><p>While Tennant currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Tennant Company (NYSE:TNC) shares fell 8.3% after reporting weaker-than-expected earnings, with EPS of $1.46 missing estimates by $0.03. Revenue also declined to $303.30 million, below the $306.90 million forecast. The company declared a quarterly dividend of $0.31, up from $0.30, with a yield of 1.7%. Analysts have mixed ratings, with a consensus of "Moderate Buy" and an average target price of $113.50. Institutional investors hold 93.33% of the stock, which has a market cap of $1.36 billion.</p>

Tennant (NYSE:TNC) Trading Down 8.3% After Earnings Miss