Tennant Stock Sees Q4 Earnings Forecast Raised at Sidoti

Key Points

• Sidoti raised Tennant’s Q4 2026 EPS estimate to $1.55 from $1.45, while full-year consensus earnings remain $3.84 per share.
• Tennant recently reported disappointing quarterly results, with EPS of $0.83 versus the $1.33 analyst consensus and revenue of $324 million versus estimates of $329.55 million.
• The stock opened at $67.45, and analysts collectively rate it “Hold” with an average price target of $91.00; insiders have bought 12,500 shares over the past three months.

Tennant Company (NYSE:TNC - Free Report) - Investment analysts at Sidoti increased their Q4 2026 earnings per share estimates for Tennant in a report released on Monday, September 28th. Sidoti analyst S. Ferazani now expects that the industrial products company will earn $1.55 per share for the quarter, up from their previous estimate of $1.45. The consensus estimate for Tennant's current full-year earnings is $3.84 per share. Sidoti also issued estimates for Tennant's Q2 2027 earnings at $1.59 EPS and Q3 2027 earnings at $1.51 EPS.

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

Tennant Price Performance

TNC stock opened at $67.45 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 2.04 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 66.13, a PEG ratio of 2.54 and a beta of 1.11. The company's fifty day simple moving average is $72.86 and its 200 day simple moving average is $78.03. Tennant has a 12-month low of $60.17 and a 12-month high of $91.93.

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 for the quarter, missing analysts' consensus estimates of $1.33 by ($0.50). Tennant had a net margin of 1.50% and a return on equity of 13.32%. The firm had revenue of $324.00 million for the quarter, compared to analyst estimates of $329.55 million. During the same period in the prior year, the company posted $1.49 EPS. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. Tennant has set its FY 2026 guidance at 3.800-4.450 EPS.

Institutional Trading of Tennant

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

Insider Buying and Selling

In other news, Director Donal L. Mulligan acquired 8,000 shares of the firm's stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average price of $67.34 per share, for a total transaction of $538,720.00. Following the completion of the acquisition, the director directly owned 16,000 shares in the company, valued at $1,077,440. The trade was a 100.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Timothy R. Morse bought 1,500 shares of the stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average cost of $68.18 per share, for a total transaction of $102,270.00. Following the completion of the transaction, the director directly owned 10,614 shares of the company's stock, valued at $723,662.52. This trade represents a 16.46% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 12,500 shares of company stock valued at $849,250. 3.50% of the stock is owned by company insiders.

Tennant Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 31st. Tennant's payout ratio 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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