Tennant (NYSE:TNC) Releases Quarterly Earnings Results, Beats Expectations By $0.42 EPS

Tennant (NYSE:TNC) issued its quarterly earnings results on Monday. The industrial products company reported $1.40 EPS for the quarter, topping the consensus estimate of $0.98 by $0.42, FiscalAI reports. The company had revenue of $322.30 million during the quarter, compared to analysts’ expectations of $330.75 million. Tennant had a net margin of 1.85% and a return on equity of 13.25%. Tennant’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.46 EPS.

Tennant Trading Up 2.4%

NYSE TNC opened at $73.86 on Wednesday. The firm has a market cap of $1.26 billion, a P/E ratio of 55.02, a P/E/G ratio of 2.56 and a beta of 1.14. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.04 and a quick ratio of 1.37. The stock’s 50-day moving average is $67.78 and its 200-day moving average is $75.86. Tennant has a one year low of $60.17 and a one year high of $91.93.

Tennant Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be issued a $0.3250 dividend. This represents a $1.30 annualized dividend and a dividend yield of 1.8%. This is an increase from Tennant’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, November 30th. Tennant’s dividend payout ratio is currently 121.57%.

Tennant News Roundup

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Third-quarter adjusted EPS was $1.40, well above analysts’ estimates of about $0.98. Revenue rose roughly 6% year over year to $322.3 million, and net income increased to $19.5 million from $14.9 million. Tennant Company Reports Third Quarter 2026 Results
• Positive Sentiment: Tennant raised its 2026 adjusted EPS guidance to $3.80–$4.45 per share, versus consensus of $3.85; its $1.3 billion revenue outlook was in line with expectations. The guidance range leaves room for results above the current consensus. TNC Q3 deep dive: Robotics momentum and ERP progress drive margin recovery
• Positive Sentiment: The company increased its quarterly dividend about 5%, to $0.325 per share, extending its record of consecutive annual dividend increases. Tennant Company Increases Dividend
• Negative Sentiment: Quarterly revenue of $322.3 million missed the roughly $330.8 million analyst estimate. EPS was also below the year-ago $1.46, and net income for the first nine months of 2026 was down 43.4% year over year, tempering the strong quarterly comparison. Tennant misses Q3 2026 revenue estimates

Insider Activity at Tennant

In other Tennant news, Director Patrick Allen bought 3,000 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was acquired at an average cost of $69.42 per share, with a total value of $208,260.00. Following the purchase, the director owned 4,927 shares in the company, valued at $342,032.34. This trade represents a 155.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy Morse bought 1,500 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average price of $68.18 per share, for a total transaction of $102,270.00. Following the completion of the acquisition, the director directly owned 10,614 shares in the company, valued at approximately $723,662.52. This trade represents a 16.46% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 12,500 shares of company stock worth $849,250. 3.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.