Sidoti Issues Optimistic Forecast for Tennant Earnings

Tennant Company (NYSE:TNC) – Investment analysts at Sidoti boosted their Q4 2026 EPS estimates for shares of Tennant in a research note issued to investors on Monday, September 28th. Sidoti analyst S. Ferazani now expects that the industrial products company will earn $1.55 per share for the quarter, up from their previous estimate of $1.45. The consensus estimate for Tennant’s current full-year earnings is $3.84 per share. Sidoti also issued estimates for Tennant’s Q2 2027 earnings at $1.59 EPS and Q3 2027 earnings at $1.51 EPS.

Tennant (NYSE:TNC) last released its earnings results on Wednesday, August 5th. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.50). The firm had revenue of $324.00 million for the quarter, compared to the consensus estimate of $329.55 million. Tennant had a return on equity of 13.32% and a net margin of 1.50%.Tennant’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.49 EPS. Tennant has set its FY 2026 guidance at 3.800-4.450 EPS.

Other equities research analysts have also issued research reports about the company. Wall Street Zen lowered Tennant from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research downgraded Tennant from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, August 10th. Finally, Weiss Ratings lowered Tennant from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 11th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $91.00.

Tennant Stock Down 0.5%

TNC opened at $66.91 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.37 and a current ratio of 2.04. Tennant has a fifty-two week low of $60.17 and a fifty-two week high of $91.93. The firm’s fifty day moving average is $72.08 and its 200 day moving average is $78.08. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 65.59, a price-to-earnings-growth ratio of 2.50 and a beta of 1.15.

Tennant Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a dividend of $0.31 per share. The ex-dividend date was Monday, August 31st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. Tennant’s dividend payout ratio is currently 121.57%.

Insider Activity at Tennant

In related news, Director Timothy Morse purchased 1,500 shares of Tennant stock in a transaction on Wednesday, August 12th. The shares were bought at an average cost of $68.18 per share, for a total transaction of $102,270.00. Following the acquisition, the director owned 10,614 shares in the company, valued at approximately $723,662.52. The trade was a 16.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donal Mulligan purchased 8,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was bought at an average price of $67.34 per share, for a total transaction of $538,720.00. Following the purchase, the director owned 16,000 shares in the company, valued at approximately $1,077,440. This represents a 100.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders purchased 12,500 shares of company stock valued at $849,250. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Tennant

A number of hedge funds have recently made changes to their positions in TNC. BlackRock Inc. purchased a new stake in shares of Tennant during the 2nd quarter worth approximately $236,255,000. Gamco Investors INC. ET AL grew its holdings in shares of Tennant by 40.5% in the first quarter. Gamco Investors INC. ET AL now owns 706,400 shares of the industrial products company’s stock valued at $46,905,000 after purchasing an additional 203,802 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Tennant by 8.4% in the first quarter. Dimensional Fund Advisors LP now owns 634,158 shares of the industrial products company’s stock worth $42,106,000 after purchasing an additional 49,136 shares during the last quarter. Bank of New York Mellon Corp increased its position in Tennant by 27.3% in the first quarter. Bank of New York Mellon Corp now owns 333,187 shares of the industrial products company’s stock worth $22,124,000 after purchasing an additional 71,437 shares during the last quarter. Finally, Invenomic Capital Management LP raised its stake in Tennant by 0.4% during the fourth quarter. Invenomic Capital Management LP now owns 331,174 shares of the industrial products company’s stock valued at $24,408,000 after purchasing an additional 1,259 shares in the last quarter. 93.33% of the stock is currently owned by hedge funds and other institutional investors.

About Tennant

Tennant Company is a manufacturer of cleaning equipment and related solutions for commercial, industrial and institutional customers. Its product portfolio includes industrial floor scrubbers, sweepers, outdoor cleaning equipment, and compact machines designed for a range of facility sizes and cleaning requirements.

The company also provides autonomous cleaning machines, cleaning chemicals, replacement parts, service and maintenance programs, and technology-enabled solutions intended to improve cleaning productivity and facility operations.