Equities Analysts Issue Forecasts for Tennant Q2 Earnings

Key Points

• Sidoti cut Tennant’s Q2 2027 EPS forecast to $1.57 from $1.72 and projected Q3 2027 EPS of $1.47. Analysts’ consensus full-year earnings estimate is $4.13 per share.
• Tennant’s latest quarter significantly missed expectations, reporting $0.83 EPS versus the $1.33 consensus and revenue of $324.0 million versus $329.55 million, although revenue rose 1.7% year over year.
• The stock carries a “Moderate Buy” consensus rating with a $91 target price, while Tennant authorized a buyback of up to 11.1% of shares and declared a quarterly dividend of $0.31 per share.

Tennant Company (NYSE:TNC - Free Report) - Equities research analysts at Sidoti lowered their Q2 2027 earnings per share estimates for Tennant in a report released on Friday, August 7th. Sidoti analyst S. Ferazani now anticipates that the industrial products company will earn $1.57 per share for the quarter, down from their prior estimate of $1.72. The consensus estimate for Tennant's current full-year earnings is $4.13 per share. Sidoti also issued estimates for Tennant's Q3 2027 earnings at $1.47 EPS.

Other research analysts have also issued research reports about the company. Weiss Ratings raised Tennant from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, June 5th. Wall Street Zen lowered Tennant from a "buy" rating to a "hold" rating in a report on Saturday. 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 assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $91.00.

Tennant Price Performance

NYSE TNC opened at $73.77 on Monday. 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 $86.35 and its two-hundred day moving average is $79.49. The firm has a market cap of $1.26 billion, a P/E ratio of 72.32, a price-to-earnings-growth ratio of 2.56 and a beta of 1.13. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.04 and a quick ratio of 1.37.

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

Tennant declared that its Board of Directors has approved a share repurchase program on Monday, May 4th that allows the company to buyback 2,000,000,000,000 shares. This buyback authorization allows the industrial products company to repurchase up to 11.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Tennant Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, August 31st. Tennant's dividend payout ratio is 121.57%.

Institutional Investors Weigh In On Tennant

Several hedge funds and other institutional investors have recently made changes to their positions in TNC. Hantz Financial Services Inc. lifted its position in shares of Tennant by 85.1% during the 4th quarter. Hantz Financial Services Inc. now owns 385 shares of the industrial products company's stock worth $28,000 after purchasing an additional 177 shares during the last quarter. UMB Bank n.a. grew its holdings in Tennant by 1,778.6% in the 4th quarter. UMB Bank n.a. now owns 526 shares of the industrial products company's stock valued at $39,000 after buying an additional 498 shares during the last quarter. State of Wyoming acquired a new stake in Tennant in the 2nd quarter valued at approximately $73,000. BNP Paribas Financial Markets increased its position in Tennant by 25.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,936 shares of the industrial products company's stock worth $150,000 after buying an additional 389 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in Tennant by 40.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,492 shares of the industrial products company's stock worth $193,000 after buying an additional 722 shares during the period. 93.33% of the stock is owned by institutional investors and hedge funds.

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.

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