Tennant (NYSE:TNC) Rating Lowered to Strong Sell at Zacks Research

Tennant (NYSE:TNC) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other equities analysts have also weighed in on TNC. Weiss Ratings upgraded shares of Tennant from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. Wall Street Zen cut Tennant from a “buy” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $91.00.

Tennant Stock Performance

Shares of TNC opened at $66.63 on Monday. 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 has a 52-week low of $60.17 and a 52-week high of $91.93. The company has a 50-day simple moving average of $85.64 and a 200-day simple moving average of $79.35. The company has a market capitalization of $1.14 billion, a PE ratio of 65.33, a P/E/G ratio of 2.57 and a beta of 1.13.

Tennant (NYSE:TNC) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.50). Tennant had a return on equity of 13.32% and a net margin of 1.50%.The company had revenue of $324.00 million for the quarter, compared to analyst estimates of $329.55 million. During the same quarter in the previous year, the company posted $1.49 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. Tennant has set its FY 2026 guidance at 3.800-4.450 EPS. Equities research analysts predict that Tennant will post 3.85 earnings per share for the current fiscal year.

Tennant announced that its Board of Directors has approved a stock repurchase plan on Monday, May 4th that authorizes the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 11.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Trading of Tennant

Several large investors have recently bought and sold shares of TNC. Comerica Bank grew its stake in Tennant by 1.2% during the 3rd quarter. Comerica Bank now owns 12,290 shares of the industrial products company’s stock worth $996,000 after buying an additional 144 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Tennant by 2.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,115 shares of the industrial products company’s stock valued at $451,000 after acquiring an additional 148 shares during the period. Hantz Financial Services Inc. grew its position in shares of 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 acquiring an additional 177 shares during the last quarter. Swiss National Bank grew its position in shares of Tennant by 0.6% during the third quarter. Swiss National Bank now owns 34,300 shares of the industrial products company’s stock worth $2,780,000 after acquiring an additional 200 shares during the last quarter. Finally, State of Tennessee Department of Treasury increased its holdings in shares of Tennant by 3.9% in the 4th quarter. State of Tennessee Department of Treasury now owns 6,559 shares of the industrial products company’s stock worth $499,000 after acquiring an additional 247 shares during the period. Institutional investors and hedge funds own 93.33% of the company’s stock.

Key Stories Impacting Tennant

Here are the key news stories impacting Tennant this week:

• Negative Sentiment: Sidoti cut its Tennant earnings estimates across multiple periods: Q3 2026 EPS to $1.10 from $1.56, Q4 2026 EPS to $1.45 from $1.80, and FY2026 EPS to $3.96 from $5.12. The FY2026 estimate is also below the broader consensus of $4.13. Sidoti Has Negative Estimate for Tennant Q2 Earnings
• Negative Sentiment: The analyst also lowered forward forecasts, including Q1 2027 EPS to $0.99 from $1.36 and FY2027 EPS to $5.82 from $6.60. These cuts suggest that the pressure is viewed as extending beyond the current fiscal year. Why Tennant Company’s Stock Is Down
• Negative Sentiment: The estimate reductions follow Tennant’s latest quarterly results, which missed expectations: adjusted earnings were $0.83 per share versus a $1.33 consensus estimate, while revenue of $324.0 million was below the $329.6 million forecast. Earnings also declined from $1.49 per share a year earlier, despite modest revenue growth.

About Tennant

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.