Tennant Stock Sees Q4 Earnings Estimate Increased at Sidoti

Tennant Company (NYSE:TNC) – Research analysts at Sidoti boosted their Q4 2026 earnings per share estimates for shares of Tennant in a report issued on Monday, September 28th. Sidoti analyst S. Ferazani now forecasts that the industrial products company will post earnings per share of $1.55 for the quarter, up from their previous forecast of $1.45. The consensus estimate for Tennant’s current full-year earnings is $3.84 per share. Sidoti also issued estimates for Tennant’s Q2 2027 earnings at $1.59 EPS and Q3 2027 earnings at $1.51 EPS.

Tennant (NYSE:TNC) last issued its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.50). The company had revenue of $324.00 million during the quarter, compared to analysts’ expectations of $329.55 million. Tennant had a return on equity of 13.32% and a net margin of 1.50%.Tennant’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $1.49 earnings per share. Tennant has set its FY 2026 guidance at 3.800-4.450 EPS.

Several other equities analysts have also weighed in on the company. Zacks Research lowered Tennant from a “strong-buy” rating to a “strong sell” rating in a report on Monday, August 10th. Wall Street Zen lowered Tennant from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings downgraded shares of Tennant from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 11th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $91.00.

Tennant Stock Down 1.1%

TNC opened at $67.45 on Wednesday. Tennant has a twelve month low of $60.17 and a twelve month high of $91.93. The company’s 50-day moving average price is $72.86 and its two-hundred day moving average price is $78.03. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 66.13, a PEG ratio of 2.54 and a beta of 1.11. The company has a quick ratio of 1.37, a current ratio of 2.04 and a debt-to-equity ratio of 0.67.

Tennant Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, August 31st. Tennant’s dividend payout ratio (DPR) is 121.57%.

Insider Activity

In other news, Director Patrick E. Allen bought 3,000 shares of the stock in a transaction on Monday, August 31st. The shares were acquired at an average cost of $69.42 per share, for a total transaction of $208,260.00. Following the purchase, the director directly owned 4,927 shares of the company’s stock, valued at $342,032.34. This trade represents a 155.68% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy R. Morse purchased 1,500 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was purchased at an average cost of $68.18 per share, with a total value of $102,270.00. Following the completion of the acquisition, the director owned 10,614 shares in the company, valued at approximately $723,662.52. This trade represents a 16.46% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 12,500 shares of company stock worth $849,250. 3.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tennant

A number of institutional investors have recently added to or reduced their stakes in the business. Gabelli Funds LLC raised its stake in Tennant by 11.6% in the first quarter. Gabelli Funds LLC now owns 199,700 shares of the industrial products company’s stock valued at $13,260,000 after purchasing an additional 20,808 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Tennant during the 2nd quarter valued at $2,950,000. Bank of America Corp DE bought a new stake in shares of Tennant during the 2nd quarter worth $6,178,000. BlackRock Inc. bought a new stake in shares of Tennant during the 2nd quarter worth $236,255,000. Finally, Gamco Investors INC. ET AL grew its position in Tennant by 40.5% in the first quarter. Gamco Investors INC. ET AL now owns 706,400 shares of the industrial products company’s stock worth $46,905,000 after acquiring an additional 203,802 shares in the last quarter. 93.33% of the stock is currently owned by institutional investors.

Tennant Company Profile

Tennant Company is a manufacturer of cleaning equipment and related solutions for commercial, industrial and institutional customers. Its product portfolio includes industrial floor scrubbers, sweepers, outdoor cleaning equipment, and compact machines designed for a range of facility sizes and cleaning requirements.

The company also provides autonomous cleaning machines, cleaning chemicals, replacement parts, service and maintenance programs, and technology-enabled solutions intended to improve cleaning productivity and facility operations.