What is Sidoti’s Forecast for Tennant Q4 Earnings?

Tennant Company (NYSE:TNC) – Analysts at Sidoti boosted their Q4 2026 EPS estimates for Tennant in a research note issued to investors on Thursday, June 18th. Sidoti analyst S. Ferazani now anticipates that the industrial products company will earn $1.80 per share for the quarter, up from their previous forecast of $1.75. The consensus estimate for Tennant’s current full-year earnings is $5.12 per share. Sidoti also issued estimates for Tennant’s Q1 2027 earnings at $1.36 EPS, Q3 2027 earnings at $1.61 EPS and FY2027 earnings at $6.60 EPS.

A number of other research analysts have also recently commented on the company. Wall Street Zen upgraded Tennant from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Freedom Capital downgraded Tennant from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Zacks Research upgraded Tennant from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Roth Mkm reiterated a “buy” rating and set a $91.00 target price (down from $107.00) on shares of Tennant in a report on Wednesday, February 25th. Finally, Weiss Ratings raised Tennant from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 5th. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.00.

Tennant Stock Up 5.3%

Shares of NYSE TNC opened at $90.45 on Friday. Tennant has a 12-month low of $60.17 and a 12-month high of $90.90. The company has a market cap of $1.54 billion, a P/E ratio of 54.49, a P/E/G ratio of 2.40 and a beta of 1.12. The company has a current ratio of 2.12, a quick ratio of 1.41 and a debt-to-equity ratio of 0.67. The stock has a fifty day moving average price of $83.21 and a 200 day moving average price of $76.80.

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

Institutional Trading of Tennant

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL raised its stake in Tennant by 40.5% during the first quarter. Gamco Investors INC. ET AL now owns 706,400 shares of the industrial products company’s stock valued at $46,905,000 after buying an additional 203,802 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Tennant by 8.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 634,158 shares of the industrial products company’s stock worth $42,106,000 after buying an additional 49,136 shares during the last quarter. American Century Companies Inc. grew its position in shares of Tennant by 26.6% in the 3rd quarter. American Century Companies Inc. now owns 434,996 shares of the industrial products company’s stock worth $35,261,000 after acquiring an additional 91,382 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Tennant by 33.8% in the 4th quarter. Millennium Management LLC now owns 358,452 shares of the industrial products company’s stock valued at $26,418,000 after acquiring an additional 90,611 shares during the last quarter. Finally, Vision One Management Partners LP increased its holdings in shares of Tennant by 18.1% in the 4th quarter. Vision One Management Partners LP now owns 344,585 shares of the industrial products company’s stock valued at $25,396,000 after acquiring an additional 52,721 shares during the last quarter. 93.33% of the stock is owned by institutional investors.

Tennant Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.24 annualized dividend and a dividend yield of 1.4%. Tennant’s dividend payout ratio (DPR) is presently 74.70%.

Tennant announced that its board has initiated a stock buyback plan on Monday, May 4th that permits the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization permits the industrial products company to purchase up to 11.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

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.