Tennant (NYSE:TNC) Updates FY 2026 Earnings Guidance

Tennant (NYSE:TNC) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.800-4.450 for the period, compared to the consensus EPS estimate of 5.120. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Tennant from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Zacks Research upgraded Tennant from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings raised Tennant from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Tennant presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.

Tennant Stock Down 2.5%

NYSE:TNC traded down $2.22 during mid-day trading on Wednesday, reaching $87.00. The company’s stock had a trading volume of 145,876 shares, compared to its average volume of 215,598. The company has a quick ratio of 1.41, a current ratio of 2.12 and a debt-to-equity ratio of 0.67. Tennant has a 1 year low of $60.17 and a 1 year high of $91.93. The stock has a fifty day moving average of $86.83 and a 200-day moving average of $79.51. The firm has a market capitalization of $1.48 billion, a PE ratio of 52.41, a price-to-earnings-growth ratio of 2.39 and a beta of 1.13.

Tennant (NYSE:TNC) last posted its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.50). Tennant had a net margin of 2.55% and a return on equity of 14.87%. During the same quarter in the prior year, the business posted $1.49 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. Tennant has set its FY 2026 guidance at 3.800-4.450 EPS. Equities research analysts forecast that Tennant will post 5.12 earnings per share for the current year.

Tennant Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.24 dividend on an annualized basis and a yield of 1.4%. Tennant’s payout ratio is 74.70%.

Tennant declared that its Board of Directors has approved a share repurchase program on Monday, May 4th that allows the company to repurchase 2,000,000,000,000 shares. This repurchase authorization allows the industrial products company to reacquire up to 11.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vision One Management Partners LP raised its position in shares of Tennant by 63.1% in the 3rd quarter. Vision One Management Partners LP now owns 291,864 shares of the industrial products company’s stock worth $23,212,000 after acquiring an additional 112,873 shares in the last quarter. Millennium Management LLC boosted its position in Tennant by 33.8% during the fourth quarter. Millennium Management LLC now owns 358,452 shares of the industrial products company’s stock valued at $26,418,000 after purchasing an additional 90,611 shares in the last quarter. Jane Street Group LLC boosted its position in Tennant by 158.4% during the fourth quarter. Jane Street Group LLC now owns 94,461 shares of the industrial products company’s stock valued at $6,962,000 after purchasing an additional 57,907 shares in the last quarter. Renaissance Technologies LLC grew its stake in Tennant by 116.3% in the fourth quarter. Renaissance Technologies LLC now owns 76,900 shares of the industrial products company’s stock valued at $5,668,000 after purchasing an additional 41,342 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Tennant by 34.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 130,175 shares of the industrial products company’s stock valued at $9,594,000 after purchasing an additional 33,491 shares during the last quarter. 93.33% of the stock is currently owned by hedge funds and other institutional investors.

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.