Tennant Company (NYSE:TNC – Free Report) – Stock analysts at Sidoti dropped their Q3 2026 earnings per share estimates for shares of Tennant in a research report issued to clients and investors on Friday, August 7th. Sidoti analyst S. Ferazani now anticipates that the industrial products company will earn $1.10 per share for the quarter, down from their prior estimate of $1.56. The consensus estimate for Tennant’s current full-year earnings is $4.13 per share. Sidoti also issued estimates for Tennant’s Q4 2026 earnings at $1.45 EPS, FY2026 earnings at $3.96 EPS, Q1 2027 earnings at $0.99 EPS, Q4 2027 earnings at $1.79 EPS and FY2027 earnings at $5.82 EPS.
A number of other brokerages also recently commented on TNC. Wall Street Zen downgraded shares of Tennant from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded Tennant from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Finally, Zacks Research upgraded Tennant from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Tennant presently has an average rating of “Moderate Buy” and a consensus target price of $91.00.
Tennant Stock Performance
Shares of NYSE:TNC opened at $69.55 on Tuesday. The firm has a fifty day simple moving average of $86.03 and a two-hundred day simple moving average of $79.44. Tennant has a 52 week low of $60.17 and a 52 week high of $91.93. The company has a quick ratio of 1.37, a current ratio of 2.04 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.19 billion, a P/E ratio of 68.19, a PEG ratio of 2.56 and a beta of 1.13.
Tennant (NYSE:TNC – Get Free Report) 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). The business had revenue of $324.00 million during the quarter, compared to the consensus estimate of $329.55 million. Tennant had a return on equity of 13.32% and a net margin of 1.50%.The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.49 EPS. Tennant has set its FY 2026 guidance at 3.800-4.450 EPS.
Hedge Funds Weigh In On Tennant
Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in Tennant by 23.0% in the first quarter. Royal Bank of Canada now owns 4,563 shares of the industrial products company’s stock worth $364,000 after purchasing an additional 854 shares during the period. AQR Capital Management LLC grew its holdings in shares of Tennant by 68.8% in the first quarter. AQR Capital Management LLC now owns 49,724 shares of the industrial products company’s stock worth $3,966,000 after purchasing an additional 20,275 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Tennant by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,271 shares of the industrial products company’s stock worth $899,000 after buying an additional 491 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Tennant by 17.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 56,214 shares of the industrial products company’s stock valued at $4,483,000 after buying an additional 8,421 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Tennant by 39.1% in the 1st quarter. Jane Street Group LLC now owns 38,911 shares of the industrial products company’s stock valued at $3,103,000 after buying an additional 10,946 shares during the period. Institutional investors own 93.33% of the company’s stock.
Tennant declared that its Board of Directors has approved a share buyback program on Monday, May 4th that authorizes the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization authorizes the industrial products company to repurchase up to 11.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.
Tennant Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, August 31st. Tennant’s dividend payout ratio (DPR) is currently 121.57%.
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.
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