Sidoti Equities Analysts Cut Earnings Estimates for Tennant

Tennant Company (NYSE:TNC) – Equities research analysts at Sidoti lowered their Q2 2027 earnings per share estimates for shares of Tennant in a report released on Wednesday, July 15th. Sidoti analyst S. Ferazani now forecasts that the industrial products company will earn $1.72 per share for the quarter, down from their previous estimate of $1.73. The consensus estimate for Tennant’s current full-year earnings is $5.12 per share.

Tennant (NYSE:TNC) last issued its quarterly earnings data on Monday, May 4th. The industrial products company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.18. Tennant had a net margin of 2.55% and a return on equity of 14.87%. The business had revenue of $297.90 million for the quarter, compared to analysts’ expectations of $289.25 million. During the same quarter last year, the company earned $1.12 EPS. The business’s revenue was up 2.7% on a year-over-year basis. Tennant has set its FY 2026 guidance at 4.700-5.300 EPS.

A number of other research analysts have also recently weighed in on TNC. Wall Street Zen raised shares of Tennant from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Zacks Research raised shares of Tennant from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings upgraded Tennant from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Tennant presently has a consensus rating of “Moderate Buy” and an average price target of $91.00.

Tennant Stock Performance

Shares of NYSE TNC opened at $86.24 on Thursday. The company has a market capitalization of $1.47 billion, a PE ratio of 51.95, a price-to-earnings-growth ratio of 2.46 and a beta of 1.12. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.41 and a current ratio of 2.12. The company’s fifty day moving average price is $86.06 and its 200 day moving average price is $78.63. Tennant has a 1 year low of $60.17 and a 1 year high of $91.93.

Tennant announced that its Board of Directors has initiated a stock repurchase program on Monday, May 4th that allows the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization allows the industrial products company to reacquire up to 11.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Tennant Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.24 dividend on an annualized basis and a yield of 1.4%. Tennant’s dividend payout ratio (DPR) is currently 74.70%.

Institutional Investors Weigh In On Tennant

Institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its position in shares of Tennant by 85.1% in the fourth quarter. Hantz Financial Services Inc. now owns 385 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 177 shares in the last quarter. UMB Bank n.a. raised its stake in Tennant by 1,778.6% in the 4th quarter. UMB Bank n.a. now owns 526 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 498 shares during the last quarter. State of Wyoming acquired a new position in Tennant in the 2nd quarter valued at $73,000. BNP Paribas Financial Markets lifted its holdings in Tennant by 25.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,936 shares of the industrial products company’s stock valued at $150,000 after purchasing an additional 389 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Tennant by 40.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,492 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 722 shares in the last quarter. 93.33% of the stock is currently owned by institutional investors and hedge funds.

Tennant Company Profile

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.