Sidoti Has Bullish Estimate for Tennant FY2026 Earnings

Tennant Company (NYSE:TNC) – Stock analysts at Sidoti increased their FY2026 earnings per share (EPS) estimates for Tennant in a note issued to investors on Wednesday, November 4th. Sidoti analyst S. Ferazani now forecasts that the industrial products company will post earnings of $4.07 per share for the year, up from their prior forecast of $3.95. The consensus estimate for Tennant’s current full-year earnings is $3.95 per share. Sidoti also issued estimates for Tennant’s Q4 2026 earnings at $1.26 EPS, Q1 2027 earnings at $1.09 EPS, Q2 2027 earnings at $1.49 EPS and Q3 2027 earnings at $1.30 EPS.

A number of other research firms have also commented on TNC. Freedom Broker raised shares of Tennant from a “hold” rating to a “buy” rating and upped their price objective for the company from $77.00 to $85.00 in a research note on Thursday. Wall Street Zen downgraded shares of Tennant from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings lowered shares of Tennant from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 11th. UBS Group set a $85.00 target price on shares of Tennant in a research report on Thursday. Finally, Zacks Research lowered shares of Tennant from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Tennant has a consensus rating of “Hold” and a consensus price target of $87.00.

Tennant Price Performance

TNC stock opened at $70.87 on Friday. The company has a market capitalization of $1.21 billion, a P/E ratio of 52.89, a PEG ratio of 2.63 and a beta of 1.14. The company has a fifty day moving average price of $67.85 and a 200-day moving average price of $75.78. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.37 and a current ratio of 2.18. Tennant has a 52-week low of $60.17 and a 52-week high of $91.93.

Tennant (NYSE:TNC) last released its quarterly earnings data on Monday, November 2nd. The industrial products company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.42. The business had revenue of $322.30 million for the quarter, compared to analyst estimates of $330.75 million. Tennant had a return on equity of 13.30% and a net margin of 1.85%. Tennant’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $1.46 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Tennant during the second quarter valued at about $236,255,000. Gamco Investors INC. ET AL increased its position in shares of Tennant by 40.5% during the first quarter. Gamco Investors INC. ET AL now owns 706,400 shares of the industrial products company’s stock worth $46,905,000 after acquiring an additional 203,802 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Tennant by 8.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 634,158 shares of the industrial products company’s stock worth $42,106,000 after acquiring an additional 49,136 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Tennant by 27.3% in the 1st quarter. Bank of New York Mellon Corp now owns 333,187 shares of the industrial products company’s stock worth $22,124,000 after acquiring an additional 71,437 shares during the last quarter. Finally, Gabelli Funds LLC raised its holdings in shares of Tennant by 11.6% in the 1st quarter. Gabelli Funds LLC now owns 199,700 shares of the industrial products company’s stock worth $13,260,000 after acquiring an additional 20,808 shares during the last quarter. 93.33% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Patrick Allen acquired 3,000 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was purchased at an average price of $69.42 per share, for a total transaction of $208,260.00. Following the completion of the acquisition, the director directly owned 4,927 shares in the company, valued at $342,032.34. The trade was a 155.68% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Donal Mulligan bought 8,000 shares of the stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average cost of $67.34 per share, for a total transaction of $538,720.00. Following the completion of the transaction, the director directly owned 16,000 shares of the company’s stock, valued at $1,077,440. This trade represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 12,500 shares of company stock worth $849,250 over the last quarter. 3.50% of the stock is currently owned by corporate insiders.

Tennant Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a $0.3250 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 1.8%. This is a boost from Tennant’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Monday, November 30th. Tennant’s payout ratio is 97.01%.

Key Stories Impacting Tennant

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Freedom Broker raised its rating on Tennant from “hold” to “buy” and increased its price target from $77 to $85, implying potential upside from the reference price. Freedom Broker rating information
• Positive Sentiment: Sidoti forecasts FY2028 EPS of $6.42, above its FY2027 estimate of $5.43, suggesting earnings growth beyond 2027. Its quarterly 2028 estimates range from $1.52 to $1.68 per share. Tennant analyst estimates
• Negative Sentiment: Sidoti cut its FY2027 EPS forecast to $5.43 from $5.82 and lowered its Q4 2027 estimate to $1.55 from $1.76. These downward revisions may temper the benefit of the rating upgrade and help explain weaker near-term sentiment. Tennant analyst estimates

About Tennant

Tennant Company is a manufacturer of cleaning equipment and technologies for commercial, industrial and institutional customers. Its product portfolio includes floor scrubbers, sweepers, combination machines, carpet extractors, outdoor cleaning equipment and related vacuum systems. The company also offers cleaning solutions, replacement parts, maintenance programs and other services designed to support facility-management operations.

Tennant develops technology aimed at improving cleaning efficiency and reducing environmental impact.