Tennant Stock Sees Q3 Earnings Forecast Reduced at Sidoti

Tennant Company (NYSE:TNC) – Equities research analysts at Sidoti lowered their Q3 2026 earnings per share estimates for Tennant in a research note issued to investors on Monday, September 28th. Sidoti analyst S. Ferazani now anticipates that the industrial products company will earn $0.99 per share for the quarter, down from their prior forecast of $1.10. The consensus estimate for Tennant’s current full-year earnings is $3.84 per share. Sidoti also issued estimates for Tennant’s FY2026 earnings at $3.95 EPS, Q1 2027 earnings at $0.96 EPS and Q4 2027 earnings at $1.76 EPS.

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

A number of other research analysts also recently commented on the stock. Weiss Ratings downgraded shares of Tennant from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 11th. Zacks Research lowered shares of Tennant from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, August 10th. Finally, Wall Street Zen downgraded shares of Tennant from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $91.00.

Tennant Price Performance

Shares of TNC opened at $67.11 on Tuesday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 65.80, a P/E/G ratio of 2.51 and a beta of 1.11. Tennant has a fifty-two week low of $60.17 and a fifty-two week high of $91.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.04 and a quick ratio of 1.37. The business’s 50-day moving average is $72.47 and its 200-day moving average is $78.06.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TNC. Hantz Financial Services Inc. boosted its position in Tennant by 85.1% during the fourth quarter. Hantz Financial Services Inc. now owns 385 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 177 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Tennant in the second quarter worth $39,000. Aristides Capital LLC bought a new stake in shares of Tennant during the 4th quarter worth $201,000. Pictet Asset Management Holding SA bought a new stake in shares of Tennant during the 1st quarter worth $203,000. Finally, Amundi acquired a new position in Tennant in the 2nd quarter valued at $247,000. 93.33% of the stock is owned by institutional investors.

Insider Activity at Tennant

In other Tennant news, Director Timothy Morse acquired 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average cost of $68.18 per share, for a total transaction of $102,270.00. Following the completion of the acquisition, the director owned 10,614 shares of the company’s stock, valued at approximately $723,662.52. This trade represents a 16.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Patrick Allen bought 3,000 shares of the stock in a transaction on Monday, August 31st. The shares were acquired at an average cost of $69.42 per share, for a total transaction of $208,260.00. Following the completion of the transaction, the director directly owned 4,927 shares of the company’s stock, valued at approximately $342,032.34. The trade was a 155.68% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 12,500 shares of company stock valued at $849,250. Insiders own 3.50% of the company’s stock.

Tennant Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued 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 1.8%. Tennant’s dividend payout ratio (DPR) is currently 121.57%.

Tennant News Roundup

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Some forward estimates increased: Sidoti raised its Q4 2026 EPS forecast to $1.55 from $1.45, Q2 2027 to $1.59 from $1.57, and Q3 2027 to $1.51 from $1.47. These revisions suggest the analyst sees improved earnings potential beyond the near term.
• Neutral Sentiment: Analyst outlook remains close to consensus: Sidoti’s current full-year estimate is approximately $3.95 per share, compared with consensus near $3.84-$3.85. The limited gap indicates modest upside expectations rather than a major change in the company’s earnings outlook.
• Neutral Sentiment: Other similarly named companies are unrelated: announcements involving CuFe Limited’s Tennant Creek drilling program and Tennant Minerals Limited’s governance filings concern Australian companies, not Tennant Company (NYSE: TNC), and should not affect TNC’s valuation.
• Negative Sentiment: Several estimates were reduced: Sidoti cut its Q3 2026 EPS forecast to $0.99 from $1.10, Q1 2027 to $0.96 from $0.99, Q4 2027 to $1.76 from $1.79, and FY2026 to $3.95 from $3.96. The near-term quarterly reduction is the most negative component of the research update. Sidoti Brokers Decrease Earnings Estimates for Tennant
• Negative Sentiment: Recent operating performance remains a concern: Tennant’s latest quarterly EPS of $0.83 missed the $1.33 consensus estimate, while revenue of $324 million was below expectations and net margin was just 1.50%. With shares trading at a high earnings multiple, additional estimate cuts could pressure the stock.

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.