Sidoti Weighs in on Tennant’s Q2 Earnings (NYSE:TNC)

Tennant Company (NYSE:TNC) – Equities research analysts at Sidoti reduced their Q2 2026 earnings per share (EPS) estimates for Tennant in a report issued on Thursday, June 18th. Sidoti analyst S. Ferazani now forecasts that the industrial products company will post earnings of $1.18 per share for the quarter, down from their prior forecast of $1.27. The consensus estimate for Tennant’s current full-year earnings is $5.12 per share. Sidoti also issued estimates for Tennant’s Q3 2026 earnings at $1.56 EPS, Q2 2027 earnings at $1.73 EPS and Q4 2027 earnings at $1.90 EPS.

Several other analysts have also issued reports on TNC. Roth Mkm reiterated a “buy” rating and issued a $91.00 target price (down from $107.00) on shares of Tennant in a research report on Wednesday, February 25th. Wall Street Zen upgraded shares of Tennant from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Freedom Capital lowered shares of Tennant from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Weiss Ratings upgraded Tennant from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. Finally, Zacks Research upgraded Tennant from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.

Tennant Stock Performance

NYSE:TNC opened at $90.45 on Monday. 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 stock has a market capitalization of $1.54 billion, a PE ratio of 54.49, a P/E/G ratio of 2.53 and a beta of 1.12. Tennant has a fifty-two week low of $60.17 and a fifty-two week high of $90.90. The company has a fifty day moving average of $83.52 and a two-hundred day moving average of $76.93.

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

Tennant Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a $0.31 dividend. The ex-dividend date 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 is presently 74.70%.

Tennant announced that its Board of Directors has initiated a share buyback program on Monday, May 4th that permits the company to buyback 2,000,000,000,000 shares. This buyback authorization permits the industrial products company to reacquire up to 11.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. increased its position in Tennant by 85.1% during the fourth quarter. Hantz Financial Services Inc. now owns 385 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 177 shares during the last quarter. UMB Bank n.a. boosted its holdings 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 purchased a new stake in shares of Tennant in the 2nd quarter valued at approximately $73,000. BNP Paribas Financial Markets grew its stake in shares of 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 buying an additional 389 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of 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 buying an additional 722 shares during the period. 93.33% of the stock is owned by hedge funds and other institutional investors.

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.