Tennant (TNC) to Announce Earnings on Wednesday

Tennant (NYSE:TNC) is expected to announce its Q2 2026 results after the market closes on Wednesday, August 5th. Analysts expect Tennant to post earnings of $1.33 per share and revenue of $329.55 million for the quarter. Tennant has set its FY 2026 guidance at 4.700-5.300 EPS. Interested persons may visit the the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, August 6, 2026 at 10:00 AM ET.

Tennant (NYSE:TNC) last posted its earnings results on Monday, May 4th. The industrial products company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.40 by $0.18. Tennant had a net margin of 2.55% and a return on equity of 14.87%. The firm had revenue of $297.90 million for the quarter, compared to the consensus estimate of $289.25 million. During the same period in the prior year, the business posted $1.12 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts expect Tennant to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Tennant Price Performance

NYSE TNC opened at $88.32 on Wednesday. Tennant has a fifty-two week low of $60.17 and a fifty-two week high of $91.93. The stock’s 50-day moving average is $86.68 and its two-hundred day moving average is $79.26. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.12 and a quick ratio of 1.41. The firm has a market cap of $1.51 billion, a P/E ratio of 53.21, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12.

Tennant announced that its Board of Directors has authorized a share repurchase program on Monday, May 4th that authorizes the company to repurchase 2,000,000,000,000 shares. This repurchase authorization authorizes the industrial products company to buy up to 11.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

TNC has been the topic of a number of analyst reports. Weiss Ratings raised Tennant from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. Wall Street Zen upgraded Tennant from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Zacks Research raised Tennant from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Tennant has an average rating of “Moderate Buy” and an average target price of $91.00.

Institutional Investors Weigh In On Tennant

Several hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its position in Tennant by 23.0% during the first quarter. Royal Bank of Canada now owns 4,563 shares of the industrial products company’s stock worth $364,000 after acquiring an additional 854 shares during the period. AQR Capital Management LLC boosted its holdings in Tennant by 68.8% in the 1st quarter. AQR Capital Management LLC now owns 49,724 shares of the industrial products company’s stock valued at $3,966,000 after purchasing an additional 20,275 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Tennant by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,271 shares of the industrial products company’s stock worth $899,000 after purchasing an additional 491 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Tennant by 17.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 56,214 shares of the industrial products company’s stock worth $4,483,000 after purchasing an additional 8,421 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Tennant by 39.1% during the 1st quarter. Jane Street Group LLC now owns 38,911 shares of the industrial products company’s stock worth $3,103,000 after purchasing an additional 10,946 shares during the period. 93.33% of the stock is owned by 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.