Tennant (NYSE:TNC) Issues FY 2026 Earnings Guidance

Tennant (NYSE:TNC) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 4.700-5.300 for the period, compared to the consensus EPS estimate of 6.660. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

Tennant Stock Down 1.3%

NYSE:TNC opened at $82.28 on Tuesday. The stock’s fifty day moving average price is $78.20 and its two-hundred day moving average price is $78.58. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 1.57 and a beta of 1.05. Tennant has a 52-week low of $67.32 and a 52-week high of $88.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 2.13.

Tennant (NYSE:TNC) last issued its quarterly earnings results on Monday, February 23rd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($1.20). Tennant had a net margin of 4.42% and a return on equity of 16.55%. The firm had revenue of $291.60 million for the quarter, compared to analyst estimates of $320.45 million. On average, analysts anticipate that Tennant will post 5.89 EPS for the current year.

Tennant Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, February 27th. Tennant’s payout ratio is currently 42.47%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Tennant in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $102.00.

Institutional Investors Weigh In On Tennant

Institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. lifted its stake 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 bought a new stake in shares of Tennant in the 2nd quarter valued at $73,000. BNP Paribas Financial Markets raised its stake in Tennant by 25.1% during the second quarter. BNP Paribas Financial Markets now owns 1,936 shares of the industrial products company’s stock worth $150,000 after buying an additional 389 shares during the last quarter. Tower Research Capital LLC TRC lifted 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 period. Finally, Aristides Capital LLC bought a new stake in Tennant during the fourth quarter valued at $201,000. Institutional investors own 93.33% of the company’s stock.

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.