Tennant (NYSE:TNC) Issues FY 2026 Earnings Guidance

Tennant (NYSE:TNC) updated its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.800-4.450 for the period, compared to the consensus estimate of 5.120. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

Wall Street Analysts Forecast Growth

TNC has been the subject of several analyst reports. Weiss Ratings upgraded Tennant from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. Zacks Research upgraded shares of Tennant from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, Wall Street Zen upgraded shares of Tennant from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Tennant has an average rating of “Moderate Buy” and an average price target of $91.00.

Tennant Stock Performance

Shares of TNC stock opened at $78.37 on Friday. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 76.91, a price-to-earnings-growth ratio of 2.43 and a beta of 1.13. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.41 and a current ratio of 2.12. Tennant has a one year low of $60.17 and a one year high of $91.93. The company’s 50-day moving average is $86.60 and its 200 day moving average is $79.54.

Tennant (NYSE:TNC) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.50). The firm had revenue of $324.00 million during the quarter, compared to the consensus estimate of $329.55 million. Tennant had a return on equity of 12.99% and a net margin of 1.50%.The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.49 EPS. Tennant has set its FY 2026 guidance at 3.800-4.450 EPS. Sell-side analysts expect that Tennant will post 5.12 EPS for the current fiscal year.

Tennant Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.31 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.24 annualized dividend and a dividend yield of 1.6%. Tennant’s payout ratio is currently 121.57%.

Tennant declared that its Board of Directors has initiated a share repurchase plan on Monday, May 4th that allows the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization allows the industrial products company to purchase up to 11.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. grew its holdings in shares of Tennant by 1,778.6% in the fourth quarter. UMB Bank n.a. now owns 526 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 498 shares during the period. State of Wyoming purchased a new stake in shares of Tennant during the 2nd quarter valued at about $73,000. BNP Paribas Financial Markets lifted its stake in shares of Tennant by 25.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,936 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 389 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Tennant by 40.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,492 shares of the industrial products company’s stock worth $193,000 after buying an additional 722 shares during the last quarter. Finally, Aristides Capital LLC bought a new stake in Tennant during the fourth quarter valued at approximately $201,000. 93.33% of the stock is owned by hedge funds and other institutional investors.

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.