Sidoti Csr Forecasts Tennant’s Q1 Earnings (NYSE:TNC)

Tennant Company (NYSE:TNC) – Equities research analysts at Sidoti Csr issued their Q1 2027 EPS estimates for Tennant in a report issued on Wednesday, October 15th. Sidoti Csr analyst S. Ferazani forecasts that the industrial products company will post earnings of $1.70 per share for the quarter. The consensus estimate for Tennant’s current full-year earnings is $5.89 per share. Sidoti Csr also issued estimates for Tennant’s Q2 2027 earnings at $1.90 EPS, Q3 2027 earnings at $1.81 EPS and FY2027 earnings at $7.35 EPS.

Several other brokerages also recently commented on TNC. Zacks Research raised shares of Tennant to a “hold” rating in a research note on Tuesday, August 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tennant in a research note on Tuesday. Finally, Wall Street Zen raised shares of Tennant from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $125.00.

Tennant Stock Performance

Shares of NYSE:TNC opened at $79.42 on Thursday. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 1.74 and a beta of 1.06. The company has a 50-day moving average price of $81.57 and a 200-day moving average price of $78.00. The company has a current ratio of 2.09, a quick ratio of 1.38 and a debt-to-equity ratio of 0.33. Tennant has a 12 month low of $67.32 and a 12 month high of $94.94.

Tennant (NYSE:TNC) last posted its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.14). The business had revenue of $318.60 million during the quarter, compared to the consensus estimate of $327.20 million. Tennant had a return on equity of 16.41% and a net margin of 4.84%.The business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 earnings per share.

Hedge Funds Weigh In On Tennant

A number of institutional investors have recently bought and sold shares of the stock. Brown Advisory Inc. raised its stake in Tennant by 3.4% in the first quarter. Brown Advisory Inc. now owns 568,138 shares of the industrial products company’s stock worth $45,309,000 after buying an additional 18,537 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in Tennant by 5.0% in the second quarter. Gamco Investors INC. ET AL now owns 498,202 shares of the industrial products company’s stock worth $38,601,000 after buying an additional 23,552 shares in the last quarter. American Century Companies Inc. raised its stake in Tennant by 54.2% in the second quarter. American Century Companies Inc. now owns 343,614 shares of the industrial products company’s stock worth $26,623,000 after buying an additional 120,793 shares in the last quarter. Invenomic Capital Management LP raised its stake in Tennant by 277.1% in the first quarter. Invenomic Capital Management LP now owns 279,800 shares of the industrial products company’s stock worth $22,314,000 after buying an additional 205,596 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Tennant by 7.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 279,234 shares of the industrial products company’s stock worth $22,269,000 after purchasing an additional 20,225 shares during the period. 93.33% of the stock is owned by institutional investors.

Tennant Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, August 29th. Tennant’s dividend payout ratio is presently 36.76%.

About Tennant

Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, and asset management solutions.