Tennant (NYSE:TNC) Announces Earnings Results, Beats Expectations By $0.18 EPS

Tennant (NYSE:TNC) released its earnings results on Monday. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.18, FiscalAI reports. Tennant had a net margin of 3.64% and a return on equity of 16.05%. The firm had revenue of $297.90 million during the quarter, compared to the consensus estimate of $289.25 million. During the same period in the previous year, the firm earned $1.12 earnings per share. Tennant’s revenue was up 2.7% compared to the same quarter last year. Tennant updated its FY 2026 guidance to 4.700-5.300 EPS.

Tennant Trading Down 1.2%

Shares of TNC stock opened at $81.80 on Tuesday. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 34.96, a price-to-earnings-growth ratio of 2.45 and a beta of 1.12. The company has a quick ratio of 1.37, a current ratio of 2.05 and a debt-to-equity ratio of 0.45. Tennant has a fifty-two week low of $60.17 and a fifty-two week high of $85.90. The firm’s 50 day moving average price is $70.64 and its two-hundred day moving average price is $74.69.

Tennant Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, May 29th. Tennant’s payout ratio is 52.99%.

Tennant News Roundup

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Q1 results beat expectations — Tennant reported EPS of $0.58 and revenue of $297.9M, topping consensus estimates and showing 2.7% revenue growth year-over-year, signaling demand resilience. Tennant (TNC) Q1 Earnings and Revenues Beat Estimates
• Positive Sentiment: Board authorized a meaningful share repurchase — the board approved up to 2.0M additional shares (total capacity ~2.56M shares, about 15% of basic outstanding), which can support EPS and signal management confidence. Board Authorizes Repurchase of Additional 2 Million Shares
• Neutral Sentiment: Revenue modestly up (+2.7% YoY) but margins remain thin — net margin was 3.64% and ROE 16.05%, suggesting operating leverage is limited even with revenue growth. Tennant Q1 Press Release
• Negative Sentiment: FY2026 guidance came in mixed/tepid — EPS guidance of $4.70–$5.30 (consensus ~4.96) and revenue guidance $1.2B–$1.3B (consensus toward $1.3B) leave room for investor disappointment relative to Street estimates. FY2026 Guidance in Press Release
• Negative Sentiment: ERP system issues and related legal scrutiny — a report notes an outside law firm investigation and media coverage about ERP-related problems that reportedly triggered a sharp stock drop, increasing short-term uncertainty and potential litigation risk. ERP System Issues / Legal Investigation

Analyst Upgrades and Downgrades

TNC has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Tennant from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Freedom Capital downgraded shares of Tennant from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Roth Mkm restated a “buy” rating and issued a $91.00 target price (down from $107.00) on shares of Tennant in a report on Wednesday, February 25th. Weiss Ratings raised shares of Tennant from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Finally, Wall Street Zen cut shares of Tennant from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $91.00.

Insider Buying and Selling at Tennant

In other news, Director James T. Jr. Glerum bought 8,163 shares of Tennant stock in a transaction dated Monday, March 2nd. The shares were acquired at an average cost of $61.25 per share, with a total value of $499,983.75. Following the completion of the transaction, the director owned 8,600 shares in the company, valued at approximately $526,750. This trade represents a 1,867.96% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David W. Huml bought 4,000 shares of Tennant stock in a transaction dated Thursday, February 26th. The shares were purchased at an average cost of $64.39 per share, for a total transaction of $257,560.00. Following the completion of the transaction, the chief executive officer owned 67,958 shares of the company’s stock, valued at approximately $4,375,815.62. This represents a 6.25% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 20,163 shares of company stock valued at $1,261,674. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TNC. Vision One Management Partners LP lifted its position in shares of Tennant by 63.1% during the third quarter. Vision One Management Partners LP now owns 291,864 shares of the industrial products company’s stock worth $23,212,000 after purchasing an additional 112,873 shares in the last quarter. Millennium Management LLC lifted its position in shares of Tennant by 33.8% during the fourth quarter. Millennium Management LLC now owns 358,452 shares of the industrial products company’s stock worth $26,418,000 after purchasing an additional 90,611 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Tennant by 158.4% during the fourth quarter. Jane Street Group LLC now owns 94,461 shares of the industrial products company’s stock worth $6,962,000 after purchasing an additional 57,907 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Tennant by 116.3% during the fourth quarter. Renaissance Technologies LLC now owns 76,900 shares of the industrial products company’s stock worth $5,668,000 after purchasing an additional 41,342 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Tennant by 34.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 130,175 shares of the industrial products company’s stock worth $9,594,000 after purchasing an additional 33,491 shares in the last quarter. 93.33% of the stock is owned by institutional investors and hedge funds.

Tennant declared that its Board of Directors has authorized 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 usually an indication that the company’s leadership believes its stock is undervalued.

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.