Sidoti Has Positive Estimate for Tennant Q2 Earnings

Tennant Company (NYSE:TNC) – Investment analysts at Sidoti upped their Q2 2026 earnings per share (EPS) estimates for shares of Tennant in a report released on Wednesday, May 6th. Sidoti analyst S. Ferazani now forecasts that the industrial products company will post earnings of $1.27 per share for the quarter, up from their prior forecast of $1.13. The consensus estimate for Tennant’s current full-year earnings is $4.84 per share. Sidoti also issued estimates for Tennant’s Q4 2026 earnings at $1.75 EPS, FY2026 earnings at $5.12 EPS, Q1 2027 earnings at $1.33 EPS, Q2 2027 earnings at $1.74 EPS and FY2027 earnings at $6.53 EPS.

TNC has been the subject of a number of other research reports. Roth Mkm reaffirmed 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. Zacks Research upgraded Tennant from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Freedom Capital lowered Tennant from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Wall Street Zen lowered Tennant from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings upgraded Tennant from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $91.00.

Tennant Stock Down 0.0%

Tennant stock opened at $87.19 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.37 and a current ratio of 2.12. The business’s 50-day simple moving average is $71.21 and its two-hundred day simple moving average is $74.82. The company has a market cap of $1.49 billion, a PE ratio of 52.53, a PEG ratio of 2.58 and a beta of 1.12. Tennant has a fifty-two week low of $60.17 and a fifty-two week high of $88.86.

Tennant (NYSE:TNC) last announced its quarterly earnings results on Monday, May 4th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.18. Tennant had a return on equity of 14.87% and a net margin of 2.55%.The business had revenue of $297.90 million for the quarter, compared to the consensus estimate of $289.25 million. During the same period last year, the business posted $1.12 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. Tennant has set its FY 2026 guidance at 4.700-5.300 EPS.

Tennant announced that its Board of Directors has authorized a share buyback plan on Monday, May 4th that allows the company to repurchase 2,000,000,000,000 outstanding shares. This repurchase authorization allows the industrial products company to reacquire up to 11.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Tennant Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.4%. Tennant’s payout ratio is 74.70%.

Insider Activity

In related news, Director David Windley sold 3,694 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $63.86, for a total transaction of $235,898.84. Following the transaction, the director owned 7,422 shares of the company’s stock, valued at $473,968.92. This trade represents a 33.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Donal L. Mulligan purchased 5,000 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were bought at an average cost of $63.86 per share, for a total transaction of $319,300.00. Following the acquisition, the director owned 5,000 shares of the company’s stock, valued at approximately $319,300. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have bought 20,163 shares of company stock valued at $1,261,674. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Tennant

A number of institutional investors have recently added to or reduced their stakes in the business. Comerica Bank boosted its holdings in Tennant by 1.2% in the 3rd quarter. Comerica Bank now owns 12,290 shares of the industrial products company’s stock valued at $996,000 after purchasing an additional 144 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Tennant by 2.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,115 shares of the industrial products company’s stock valued at $451,000 after purchasing an additional 148 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Tennant by 85.1% in the 4th quarter. Hantz Financial Services Inc. now owns 385 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 177 shares in the last quarter. Swiss National Bank boosted its holdings in Tennant by 0.6% in the 3rd quarter. Swiss National Bank now owns 34,300 shares of the industrial products company’s stock valued at $2,780,000 after purchasing an additional 200 shares in the last quarter. Finally, First Affirmative Financial Network boosted its holdings in Tennant by 7.2% in the 3rd quarter. First Affirmative Financial Network now owns 3,270 shares of the industrial products company’s stock valued at $265,000 after purchasing an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 93.33% of the company’s stock.

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.