Sidoti Issues Pessimistic Outlook for Tennant Earnings

Tennant Company (NYSE:TNC) – Equities research analysts at Sidoti cut their Q2 2027 earnings per share (EPS) estimates for shares of Tennant in a report released on Friday, August 7th. Sidoti analyst S. Ferazani now expects that the industrial products company will post earnings of $1.57 per share for the quarter, down from their previous forecast of $1.72. The consensus estimate for Tennant’s current full-year earnings is $3.85 per share. Sidoti also issued estimates for Tennant’s Q3 2027 earnings at $1.47 EPS.

A number of other brokerages have also recently weighed in on TNC. Zacks Research upgraded Tennant from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Weiss Ratings upgraded shares of Tennant from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Finally, Wall Street Zen cut shares of Tennant from a “buy” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Tennant currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.

Tennant Stock Down 3.8%

TNC opened at $66.63 on Monday. The business’s fifty day moving average is $85.64 and its two-hundred day moving average is $79.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.37 and a current ratio of 2.04. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 65.33, a PEG ratio of 2.57 and a beta of 1.13. Tennant has a one year low of $60.17 and a one year high of $91.93.

Tennant (NYSE:TNC) last released 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). Tennant had a return on equity of 13.32% and a net margin of 1.50%.The firm had revenue of $324.00 million during the quarter, compared to analyst estimates of $329.55 million. During the same quarter in the prior year, the company earned $1.49 EPS. The business’s revenue was up 1.7% on a year-over-year basis. Tennant has set its FY 2026 guidance at 3.800-4.450 EPS.

Institutional Trading of Tennant

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. grew its holdings in Tennant by 85.1% during the 4th quarter. Hantz Financial Services Inc. now owns 385 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 177 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Tennant by 1,778.6% during the fourth quarter. UMB Bank n.a. now owns 526 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 498 shares during the last quarter. State of Wyoming acquired a new position in Tennant in the second quarter worth about $73,000. BNP Paribas Financial Markets grew its stake in Tennant by 25.1% in the second 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 in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in 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 valued at $193,000 after buying an additional 722 shares during the last quarter. Institutional investors own 93.33% of the company’s stock.

Tennant announced that its Board of Directors has initiated a stock buyback plan on Monday, May 4th that permits the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization permits the industrial products company to buy up to 11.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Tennant Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. Tennant’s dividend payout ratio is presently 121.57%.

Tennant News Roundup

Here are the key news stories impacting Tennant this week:

• Negative Sentiment: Sidoti cut its Tennant earnings estimates across multiple periods: Q3 2026 EPS to $1.10 from $1.56, Q4 2026 EPS to $1.45 from $1.80, and FY2026 EPS to $3.96 from $5.12. The FY2026 estimate is also below the broader consensus of $4.13. Sidoti Has Negative Estimate for Tennant Q2 Earnings
• Negative Sentiment: The analyst also lowered forward forecasts, including Q1 2027 EPS to $0.99 from $1.36 and FY2027 EPS to $5.82 from $6.60. These cuts suggest that the pressure is viewed as extending beyond the current fiscal year. Why Tennant Company’s Stock Is Down
• Negative Sentiment: The estimate reductions follow Tennant’s latest quarterly results, which missed expectations: adjusted earnings were $0.83 per share versus a $1.33 consensus estimate, while revenue of $324.0 million was below the $329.6 million forecast. Earnings also declined from $1.49 per share a year earlier, despite modest revenue growth.

About Tennant

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.