Tennant Stock Sees FY2027 Earnings Estimate Cut at Sidoti

Key Points

• Sidoti cut its FY2027 EPS estimate for Tennant to $5.43 from $5.82; analysts’ consensus rating is Hold, with an average price target of $91.
• Tennant reported Q3 EPS of $1.40, beating the $0.98 estimate, while revenue rose 6.3% year over year to $322.3 million but fell short of expectations.
• The company raised its quarterly dividend from $0.31 to $0.325 per share, a 4.8% increase, for an annualized payout of $1.30.

Tennant Company (NYSE:TNC - Free Report) - Research analysts at Sidoti lowered their FY2027 earnings per share (EPS) estimates for shares of Tennant in a note issued to investors on Wednesday, November 4th. Sidoti analyst S. Ferazani now forecasts that the industrial products company will post earnings per share of $5.43 for the year, down from their prior forecast of $5.82. The consensus estimate for Tennant's current full-year earnings is $3.95 per share. Sidoti also issued estimates for Tennant's Q4 2027 earnings at $1.55 EPS, Q1 2028 earnings at $1.54 EPS, Q2 2028 earnings at $1.68 EPS, Q3 2028 earnings at $1.52 EPS and FY2028 earnings at $6.42 EPS.

Other equities analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Tennant from a "strong-buy" rating to a "strong sell" rating in a report on Monday, August 10th. Weiss Ratings downgraded shares of Tennant from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, September 11th. Finally, Wall Street Zen lowered shares of Tennant from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $91.00.

Tennant Trading Up 1.3%

Tennant stock opened at $73.13 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.37 and a current ratio of 2.18. The firm's 50-day moving average is $67.84 and its 200-day moving average is $75.82. Tennant has a 1 year low of $60.17 and a 1 year high of $91.93. The company has a market cap of $1.25 billion, a P/E ratio of 54.58, a PEG ratio of 2.61 and a beta of 1.14.

Tennant (NYSE:TNC - Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The industrial products company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.42. Tennant had a return on equity of 13.30% and a net margin of 1.85%. The firm had revenue of $322.30 million during the quarter, compared to analyst estimates of $330.75 million. During the same period in the previous year, the company earned $1.46 earnings per share. Tennant's quarterly revenue was up 6.3% on a year-over-year basis.

Institutional Investors Weigh In On Tennant

Hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc increased its position in shares of Tennant by 44.0% in the third quarter. Versant Capital Management Inc now owns 579 shares of the industrial products company's stock worth $39,000 after acquiring an additional 177 shares in the last quarter. Aristides Capital LLC raised its stake in Tennant by 12.9% during the 1st quarter. Aristides Capital LLC now owns 3,079 shares of the industrial products company's stock valued at $204,000 after purchasing an additional 352 shares during the period. Farther Finance Advisors LLC raised its stake in Tennant by 64.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 947 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 372 shares during the period. Pinnacle Wealth Planning Services Inc. raised its stake in Tennant by 1,683.3% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 428 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 404 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Tennant in the second quarter valued at $39,000. 93.33% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Donal L. Mulligan acquired 8,000 shares of the business's stock in a transaction dated Wednesday, August 12th. The stock was bought at an average price of $67.34 per share, for a total transaction of $538,720.00. Following the transaction, the director owned 16,000 shares of the company's stock, valued at approximately $1,077,440. The trade was a 100.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patrick E. Allen acquired 3,000 shares of Tennant stock in a transaction dated Monday, August 31st. The shares were bought at an average cost of $69.42 per share, with a total value of $208,260.00. Following the completion of the purchase, the director owned 4,927 shares in the company, valued at approximately $342,032.34. This represents a 155.68% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 12,500 shares of company stock worth $849,250. 3.50% of the stock is owned by insiders.

Tennant Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a dividend of $0.3250 per share. This is a positive change from Tennant's previous quarterly dividend of $0.31. The ex-dividend date is Monday, November 30th. This represents a $1.30 annualized dividend and a dividend yield of 1.8%. Tennant's payout ratio is 121.57%.

Key Tennant News

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Q3 EPS was $1.40, beating the $0.98 consensus estimate. The company also reported 6.3% year-over-year revenue growth. Tennant Q3 earnings flash
• Positive Sentiment: Management’s 2026 EPS guidance of $3.80–$4.45 has a midpoint above the $3.85 analyst consensus, although the bottom of the range is slightly below it. Revenue guidance of $1.3 billion is in line with expectations. TNC Q3 deep dive
• Positive Sentiment: Tennant raised its quarterly dividend 4.8%, from $0.31 to $0.325 per share, signaling continued commitment to shareholder returns. Tennant dividend increase
• Neutral Sentiment: Robotics momentum and progress on the ERP system were cited as drivers of margin recovery, but the available report summary does not quantify their expected financial contribution. TNC Q3 deep dive
• Negative Sentiment: Q3 revenue of $322.3 million came in below analysts’ $330.75 million estimate, tempering the strong EPS beat. Tennant misses Q3 revenue estimates

About Tennant

Tennant Company is a manufacturer of cleaning equipment and technologies for commercial, industrial and institutional customers. Its product portfolio includes floor scrubbers, sweepers, combination machines, carpet extractors, outdoor cleaning equipment and related vacuum systems. The company also offers cleaning solutions, replacement parts, maintenance programs and other services designed to support facility-management operations.

Tennant develops technology aimed at improving cleaning efficiency and reducing environmental impact.

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