Tennant (NYSE:TNC) Issues Earnings Results

Tennant (NYSE:TNC) released its quarterly earnings data on Monday. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.18, FiscalAI reports. Tennant had a net margin of 2.55% and a return on equity of 14.28%. The firm had revenue of $297.90 million for the quarter, compared to analysts’ expectations of $289.25 million. During the same quarter last year, the business posted $1.12 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Tennant updated its FY 2026 guidance to 4.700-5.300 EPS.

Tennant Stock Performance

Shares of NYSE:TNC opened at $82.73 on Wednesday. The firm has a fifty day simple moving average of $70.63 and a two-hundred day simple moving average of $74.71. Tennant has a 52 week low of $60.17 and a 52 week high of $87.06. The company has a quick ratio of 1.37, a current ratio of 2.05 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $1.49 billion, a P/E ratio of 49.84, a PEG ratio of 2.42 and a beta of 1.12.

Tennant Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, May 29th. This represents a $1.24 annualized dividend and a yield of 1.5%. Tennant’s dividend payout ratio (DPR) is 52.99%.

Tennant News Roundup

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Q1 results beat expectations — Tennant reported $0.58 GAAP EPS on $297.9M revenue, both above consensus (EPS vs. ~$0.40 and revenue vs. ~$289M); revenue was up 2.7% year‑over‑year. This beat supports the rally. Tennant (TNC) Q1 Earnings and Revenues Beat Estimates
• Positive Sentiment: Board approved a new buyback of 2.0M shares (bringing total repurchase capacity to ~2.56M shares, ~15% of basic shares outstanding), signaling management views shares as undervalued and returning capital to shareholders. Board Authorizes Repurchase
• Neutral Sentiment: FY‑2026 guidance set to $4.70–$5.30 EPS and $1.2B–$1.3B revenue — midpoint roughly in line with consensus but the EPS/revenue ranges are modestly cautious versus some estimates, leaving room for mixed investor interpretation. Press Release / Slide Deck
• Neutral Sentiment: Earnings call / transcript available — management commentary on end‑market demand, margin drivers, and use of cash will be important for near‑term sentiment. Earnings Call Transcript
• Negative Sentiment: ERP system issues reported separately have been linked to a sharp prior decline and a securities‑law firm notice — this raises execution and disclosure risk and explains part of the stock’s recent volatility. Monitor company disclosures about any operational impact. ERP Issues / Investigation Notice

Tennant declared that its Board of Directors has approved a share repurchase program on Monday, May 4th that allows the company to repurchase 2,000,000,000,000 shares. This repurchase authorization allows the industrial products company to repurchase up to 11.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other Tennant news, CEO David W. Huml bought 4,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were purchased at an average cost of $64.39 per share, for a total transaction of $257,560.00. Following the transaction, the chief executive officer owned 67,958 shares of the company’s stock, valued at $4,375,815.62. This represents a 6.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Windley sold 3,694 shares of Tennant stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $63.86, for a total value of $235,898.84. Following the completion of the transaction, the director owned 7,422 shares of the company’s stock, valued at approximately $473,968.92. This represents a 33.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders bought 20,163 shares of company stock worth $1,261,674. 3.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Tennant

Institutional investors and hedge funds have recently modified their holdings of the stock. Vision One Management Partners LP increased its position in shares of Tennant by 63.1% during the 3rd quarter. Vision One Management Partners LP now owns 291,864 shares of the industrial products company’s stock valued at $23,212,000 after purchasing an additional 112,873 shares during the last quarter. Millennium Management LLC lifted its position in Tennant by 33.8% in the fourth quarter. Millennium Management LLC now owns 358,452 shares of the industrial products company’s stock worth $26,418,000 after buying an additional 90,611 shares during the last quarter. Jane Street Group LLC boosted its stake in Tennant by 158.4% during the fourth quarter. Jane Street Group LLC now owns 94,461 shares of the industrial products company’s stock worth $6,962,000 after buying an additional 57,907 shares during the period. Renaissance Technologies LLC boosted its stake in Tennant by 116.3% during the fourth quarter. Renaissance Technologies LLC now owns 76,900 shares of the industrial products company’s stock worth $5,668,000 after buying an additional 41,342 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Tennant by 34.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 130,175 shares of the industrial products company’s stock valued at $9,594,000 after acquiring an additional 33,491 shares during the last quarter. Hedge funds and other institutional investors own 93.33% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on TNC shares. Roth Mkm reiterated a “buy” rating and issued a $91.00 price target (down from $107.00) on shares of Tennant in a report on Wednesday, February 25th. Weiss Ratings raised shares of Tennant from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, April 24th. Zacks Research upgraded Tennant from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen cut Tennant from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Freedom Capital downgraded Tennant from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Tennant presently has a consensus rating of “Hold” and a consensus price target of $91.00.

Tennant Company Profile

Tennant Company is a global provider of solutions that help keep facilities clean, safe and sustainable. The company designs, manufactures and markets a broad range of cleaning machines, chemicals and service programs that address the cleaning needs of customers in diverse industries, including manufacturing, warehousing, food and beverage, healthcare and education. Tennant’s product portfolio encompasses both ride-on and walk-behind floor scrubbers and sweepers, carpet extractors, power brushes, pressure washers and autonomous cleaning machines.

Founded in 1870 and headquartered in Minneapolis, Minnesota, Tennant has grown from a regional manufacturer into a multinational organization with operations in more than 70 countries and sales representation in over 100 markets worldwide.