Sidoti Issues Pessimistic Outlook for Tennant Earnings

Tennant Company (NYSE:TNC) – Sidoti cut their Q3 2026 EPS estimates for Tennant in a research report issued on Monday, September 28th. Sidoti analyst S. Ferazani now anticipates that the industrial products company will earn $0.99 per share for the quarter, down from their previous estimate of $1.10. The consensus estimate for Tennant’s current full-year earnings is $3.84 per share. Sidoti also issued estimates for Tennant’s FY2026 earnings at $3.95 EPS, Q1 2027 earnings at $0.96 EPS and Q4 2027 earnings at $1.76 EPS.

Tennant (NYSE:TNC) last announced its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.50). Tennant had a net margin of 1.50% and a return on equity of 13.32%. The company had revenue of $324.00 million for the quarter, compared to the consensus estimate of $329.55 million. During the same quarter in the prior year, the company earned $1.49 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Tennant has set its FY 2026 guidance at 3.800-4.450 EPS.

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

Tennant Stock Down 1.1%

Shares of NYSE:TNC opened at $67.45 on Tuesday. The firm has a fifty day moving average price of $72.86 and a two-hundred day moving average price of $78.03. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 66.13, a PEG ratio of 2.54 and a beta of 1.11. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.04 and a quick ratio of 1.37. Tennant has a one year low of $60.17 and a one year high of $91.93.

Tennant Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a dividend of $0.31 per share. The ex-dividend date was Monday, August 31st. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. Tennant’s dividend payout ratio (DPR) is presently 121.57%.

Insiders Place Their Bets

In other news, Director Timothy Morse acquired 1,500 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average cost of $68.18 per share, for a total transaction of $102,270.00. Following the acquisition, the director owned 10,614 shares of the company’s stock, valued at $723,662.52. This trade represents a 16.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Donal Mulligan acquired 8,000 shares of Tennant stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average price 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 in the company, valued at approximately $1,077,440. The trade was a 100.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 12,500 shares of company stock valued at $849,250 over the last 90 days. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Tennant

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in Tennant during the 2nd quarter worth approximately $236,255,000. Gamco Investors INC. ET AL boosted its stake 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 valued at $46,905,000 after purchasing an additional 203,802 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Tennant by 8.4% during the first quarter. Dimensional Fund Advisors LP now owns 634,158 shares of the industrial products company’s stock valued at $42,106,000 after purchasing an additional 49,136 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Tennant by 27.3% in the first quarter. Bank of New York Mellon Corp now owns 333,187 shares of the industrial products company’s stock worth $22,124,000 after purchasing an additional 71,437 shares during the last quarter. Finally, Invenomic Capital Management LP increased its stake in shares of Tennant by 0.4% in the fourth quarter. Invenomic Capital Management LP now owns 331,174 shares of the industrial products company’s stock worth $24,408,000 after buying an additional 1,259 shares during the period. Hedge funds and other institutional investors own 93.33% of the company’s stock.

About Tennant

Tennant Company is a manufacturer of cleaning equipment and related solutions for commercial, industrial and institutional customers. Its product portfolio includes industrial floor scrubbers, sweepers, outdoor cleaning equipment, and compact machines designed for a range of facility sizes and cleaning requirements.

The company also provides autonomous cleaning machines, cleaning chemicals, replacement parts, service and maintenance programs, and technology-enabled solutions intended to improve cleaning productivity and facility operations.