Tennant (NYSE:TNC) Posts Earnings Results, Beats Estimates By $0.42 EPS

Tennant (NYSE:TNC) released its earnings results on Monday. The industrial products company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.42, FiscalAI reports. Tennant had a return on equity of 13.32% and a net margin of 1.50%. The company had revenue of $322.30 million during the quarter, compared to analysts’ expectations of $330.75 million. During the same quarter last year, the business posted $1.46 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year.

Tennant Stock Up 4.0%

Shares of NYSE:TNC opened at $69.06 on Tuesday. The stock has a fifty day simple moving average of $67.70 and a two-hundred day simple moving average of $75.88. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 67.71, a PEG ratio of 2.46 and a beta of 1.15. Tennant has a 12-month low of $60.17 and a 12-month high of $91.93. The company has a current ratio of 2.04, a quick ratio of 1.37 and a debt-to-equity ratio of 0.67.

Tennant Increases Dividend

The business 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 dividend of $0.3250 per share. The ex-dividend date is Monday, November 30th. This is a positive change from Tennant’s previous quarterly dividend of $0.31. This represents a $1.30 dividend on an annualized basis and a yield of 1.9%. Tennant’s dividend payout ratio (DPR) is presently 121.57%.

Key Tennant News

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Third-quarter adjusted EPS was $1.40, well above the FactSet consensus of $0.98 and the Zacks estimate of $0.93. The earnings beat is the primary positive catalyst for TNC stock. Earnings Flash: Tennant Company Posts Q3 Adjusted EPS
• Positive Sentiment: Revenue increased 6.2% year over year to $322.3 million, while quarterly net income rose 30.9% to $19.5 million from $14.9 million. Tennant Company Reports Third Quarter 2026 Results
• Positive Sentiment: Tennant raised its quarterly dividend to $0.325 per share from $0.31, representing roughly a 5% increase and a 1.9% indicated yield. The company has now increased its dividend for 55 consecutive years and paid dividends for 82 consecutive years. Tennant Company Increases Dividend
• Neutral Sentiment: The earnings beat came despite EPS declining from $1.46 in the year-ago quarter. Analysts currently expect approximately $3.84 in full-year EPS, making future earnings execution important given TNC’s elevated valuation.
• Negative Sentiment: Quarterly revenue of $322.3 million missed the $330.75 million consensus estimate, indicating that sales growth remains below expectations. Tennant Misses Q3 2026 Revenue Estimates
• Negative Sentiment: Net income for the first nine months fell 43.4% year over year to $27.3 million, despite nine-month sales increasing 3.5% to $944.2 million. This suggests ongoing pressure on cumulative profitability.

Analyst Ratings Changes

TNC has been the subject of a number of research reports. Wall Street Zen downgraded Tennant from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research cut shares of Tennant from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, August 10th. Finally, Weiss Ratings lowered shares of Tennant from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 11th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Tennant currently has a consensus rating of “Hold” and an average target price of $91.00.

Insiders Place Their Bets

In related news, Director Timothy Morse bought 1,500 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average cost of $68.18 per share, with a total value of $102,270.00. Following the completion of the purchase, the director owned 10,614 shares in the company, valued at approximately $723,662.52. The trade was a 16.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Donal Mulligan purchased 8,000 shares of Tennant stock in a transaction dated Wednesday, August 12th. The shares were bought at an average price of $67.34 per share, with a total value of $538,720.00. Following the completion of the acquisition, the director directly owned 16,000 shares of the company’s stock, valued at approximately $1,077,440. This represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 12,500 shares of company stock valued at $849,250. 3.50% of the stock is currently owned by corporate insiders.

Tennant Company Profile

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.