Sidoti Issues Pessimistic Forecast for Tennant Earnings

Key Points

• Sidoti cut Tennant’s Q3 2026 EPS forecast to $0.99 from $1.10, while projecting $3.95 EPS for full-year 2026. The revision adds to a generally cautious analyst outlook, with the stock holding a consensus “Hold” rating and a $91 target price.
• Tennant’s latest quarterly results missed expectations, reporting $0.83 EPS versus the $1.33 consensus estimate and revenue of $324 million versus $329.55 million expected. The company’s FY2026 guidance remains $3.80–$4.45 EPS.
• Shares opened at $68.39, well below their 52-week high of $91.93, while institutional investors own 93.33% of the stock. Company directors also purchased 12,500 shares over the past 90 days, and Tennant maintains a quarterly dividend of $0.31 per share.

Tennant Company (NYSE:TNC - Free Report) - Equities researchers at Sidoti decreased their Q3 2026 earnings estimates for Tennant in a research report issued to clients and investors on Monday, September 28th. Sidoti analyst S. Ferazani now forecasts that the industrial products company will earn $0.99 per share for the quarter, down from their previous forecast of $1.10. The consensus estimate for Tennant's current full-year earnings is $3.85 per share. Sidoti also issued estimates for Tennant's FY2026 earnings at $3.95 EPS, Q1 2027 earnings at $0.96 EPS and Q4 2027 earnings at $1.76 EPS.

TNC has been the topic of several other research reports. Wall Street Zen lowered Tennant from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Zacks Research downgraded Tennant from a "strong-buy" rating to a "strong sell" rating in a report on Monday, August 10th. Finally, Weiss Ratings lowered Tennant from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, September 11th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $91.00.

Tennant Stock Performance

Shares of Tennant stock opened at $68.39 on Tuesday. The business has a 50-day moving average price of $73.24 and a two-hundred day moving average price of $78.01. Tennant has a 1-year low of $60.17 and a 1-year high of $91.93. The company has a current ratio of 2.04, a quick ratio of 1.37 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.17 billion, a P/E ratio of 67.05, a PEG ratio of 2.52 and a beta of 1.11.

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

Institutional Investors Weigh In On Tennant

Several hedge funds and other institutional investors have recently made changes to their positions in the business. WINTON GROUP Ltd lifted its position in Tennant by 181.7% in the 2nd quarter. WINTON GROUP Ltd now owns 41,389 shares of the industrial products company's stock valued at $3,623,000 after acquiring an additional 26,697 shares in the last quarter. Amundi bought a new stake in Tennant during the 2nd quarter worth approximately $247,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Tennant during the 2nd quarter worth approximately $2,950,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Tennant in the second quarter worth approximately $39,000. Finally, Bank of America Corp DE purchased a new stake in shares of Tennant in the second quarter worth approximately $6,178,000. 93.33% of the stock is owned by institutional investors.

Insider Activity at Tennant

In other Tennant news, Director Patrick E. Allen acquired 3,000 shares of the stock in a transaction on Monday, August 31st. The shares were purchased at an average price of $69.42 per share, for a total transaction of $208,260.00. Following the completion of the acquisition, the director owned 4,927 shares in the company, valued at approximately $342,032.34. This represents a 155.68% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Donal L. Mulligan acquired 8,000 shares of the company's stock in a transaction on Wednesday, August 12th. The stock was acquired at an average cost of $67.34 per share, for a total transaction of $538,720.00. Following the completion of the purchase, the director directly owned 16,000 shares of the company's stock, valued at approximately $1,077,440. This represents a 100.00% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 12,500 shares of company stock valued at $849,250. 3.50% of the stock is owned by company insiders.

Tennant Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a $0.31 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.24 annualized dividend and a yield of 1.8%. Tennant's dividend payout ratio (DPR) is presently 121.57%.

Tennant Company Profile

Tennant Company is a manufacturer of cleaning equipment and related solutions for commercial, industrial and institutional customers. Its product portfolio includes industrial floor scrubbers, sweepers, outdoor cleaning equipment, and compact machines designed for a range of facility sizes and cleaning requirements.

The company also provides autonomous cleaning machines, cleaning chemicals, replacement parts, service and maintenance programs, and technology-enabled solutions intended to improve cleaning productivity and facility operations.

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