Sidoti Research Analysts Cut Earnings Estimates for Tennant

Tennant Company (NYSE:TNC) – Analysts at Sidoti lowered their Q3 2026 EPS estimates for Tennant in a note issued to investors on Wednesday, February 25th. Sidoti analyst S. Ferazani now anticipates that the industrial products company will post earnings per share of $1.59 for the quarter, down from their prior estimate of $1.60. The consensus estimate for Tennant’s current full-year earnings is $5.89 per share. Sidoti also issued estimates for Tennant’s Q4 2026 earnings at $1.69 EPS, Q3 2027 earnings at $1.64 EPS and Q4 2027 earnings at $1.83 EPS.

TNC has been the topic of a number of other reports. Roth Mkm reissued a “buy” rating and set a $91.00 target price (down from $107.00) on shares of Tennant in a report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Tennant in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $91.00.

Tennant Price Performance

Shares of TNC stock opened at $62.37 on Thursday. The firm has a market cap of $1.11 billion, a P/E ratio of 26.65, a P/E/G ratio of 1.57 and a beta of 1.05. Tennant has a 1-year low of $60.40 and a 1-year high of $87.72. The firm has a fifty day moving average of $77.40 and a two-hundred day moving average of $78.24. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.05 and a quick ratio of 1.39.

Tennant Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, February 27th. Tennant’s payout ratio is currently 52.99%.

Hedge Funds Weigh In On Tennant

Several institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LLC bought a new stake in shares of Tennant in the 2nd quarter worth approximately $1,213,000. Bank of New York Mellon Corp raised its stake in Tennant by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 167,384 shares of the industrial products company’s stock worth $12,969,000 after acquiring an additional 4,377 shares in the last quarter. Bailard Inc. bought a new position in shares of Tennant during the second quarter valued at $651,000. River Road Asset Management LLC lifted its holdings in shares of Tennant by 131.0% during the second quarter. River Road Asset Management LLC now owns 240,167 shares of the industrial products company’s stock valued at $19,823,000 after acquiring an additional 136,221 shares during the period. Finally, QSV Equity Investors LLC acquired a new stake in shares of Tennant in the 2nd quarter valued at $1,057,000. 93.33% of the stock is currently owned by institutional investors.

Key Headlines Impacting Tennant

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Roth MKM reaffirmed a “buy” on TNC and maintained a constructive view despite trimming its price target from $107 to $91, providing some analyst support under the selloff. Roth MKM rating/price target article
• Neutral Sentiment: Tennant reiterated growth ambitions for its AMR (autonomous mobile robot) business, targeting $250M in AMR revenue by 2028 — a positive long‑term growth objective but one that doesn’t offset near‑term execution concerns. Tennant targets $250M AMR revenue by 2028 (MSN)
• Negative Sentiment: Multiple law firms have launched securities‑fraud investigations into Tennant following its Feb. 23 release of FY2025 results, alleging potential misstatements about financials and operations; such probes typically increase legal risk and can pressure the stock. Glancy Prongay Wolke & Rotter investigation (BusinessWire) Pomerantz investigation (PR Newswire)
• Negative Sentiment: Sidoti cut near‑term EPS estimates (Q3/Q4 2026 and Q3/Q4 2027), signaling reduced earnings visibility and reinforcing downside pressure from weaker guidance/forecasts. Sidoti estimate cuts (MarketBeat)
• Negative Sentiment: Management flagged ERP implementation issues that reshaped the 2026 outlook and contributed to the market rout; combination of execution risk plus legal probes and analyst downgrades is driving the intraday decline. Earnings call highlights: ERP challenges (Yahoo) “Why Tennant shares are getting obliterated” analysis (Yahoo)

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.