Tennant (NYSE:TNC) Announces FY 2026 Earnings Guidance

Key Points

• Tennant issued FY 2026 guidance for EPS of $3.80–$4.45 and revenue of approximately $1.3 billion, broadly in line with analyst expectations.
• Third-quarter EPS of $1.40 beat the $0.98 consensus estimate, while revenue rose about 6% year over year to $322.3 million but fell short of the $330.75 million forecast.
• The company raised its quarterly dividend to $0.325 per share from $0.31, although profitability remains pressured: nine-month net income declined 43.4% year over year and analysts’ average stock rating is “Hold.”

Tennant (NYSE:TNC - Get Free Report) updated its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 3.800-4.450 for the period, compared to the consensus EPS estimate of 3.850. The company issued revenue guidance of $1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Zacks Research cut Tennant from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, August 10th. Wall Street Zen lowered Tennant from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Weiss Ratings cut 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 issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $91.00.

Tennant Stock Up 4.0%

NYSE:TNC opened at $69.06 on Tuesday. The firm has a market capitalization of $1.18 billion, a P/E ratio of 67.71, a PEG ratio of 2.46 and a beta of 1.15. Tennant has a 1-year low of $60.17 and a 1-year high of $91.93. The company's fifty day moving average price is $67.70 and its 200-day moving average price is $75.88. 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 earnings results on Monday, November 2nd. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.42. The firm had revenue of $322.30 million during the quarter, compared to analysts' expectations of $330.75 million. Tennant had a net margin of 1.50% and a return on equity of 13.32%. The firm's revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.46 earnings per share. As a group, equities research analysts anticipate that Tennant will post 3.84 EPS for the current year.

Tennant Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a dividend of $0.3250 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $1.30 annualized dividend and a yield of 1.9%. This is an increase from Tennant's previous quarterly dividend of $0.31. Tennant's payout ratio is 121.57%.

Insider Buying and Selling at Tennant

In related news, Director Donal L. Mulligan bought 8,000 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average cost of $67.34 per share, with a total value of $538,720.00. Following the completion of the acquisition, the director directly owned 16,000 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy R. Morse bought 1,500 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The shares were bought at an average cost of $68.18 per share, for a total transaction of $102,270.00. Following the completion of the acquisition, the director 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. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 12,500 shares of company stock worth $849,250. Insiders own 3.50% of the company's stock.

Trending Headlines about Tennant

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Third-quarter adjusted EPS was $1.40, well above the FactSet consensus of $0.98 and the Zacks estimate of $0.93. The earnings beat is the primary positive catalyst for TNC stock. Earnings Flash: Tennant Company Posts Q3 Adjusted EPS
• Positive Sentiment: Revenue increased 6.2% year over year to $322.3 million, while quarterly net income rose 30.9% to $19.5 million from $14.9 million. Tennant Company Reports Third Quarter 2026 Results
• Positive Sentiment: Tennant raised its quarterly dividend to $0.325 per share from $0.31, representing roughly a 5% increase and a 1.9% indicated yield. The company has now increased its dividend for 55 consecutive years and paid dividends for 82 consecutive years. Tennant Company Increases Dividend
• Neutral Sentiment: The earnings beat came despite EPS declining from $1.46 in the year-ago quarter. Analysts currently expect approximately $3.84 in full-year EPS, making future earnings execution important given TNC’s elevated valuation.
• Negative Sentiment: Quarterly revenue of $322.3 million missed the $330.75 million consensus estimate, indicating that sales growth remains below expectations. Tennant Misses Q3 2026 Revenue Estimates
• Negative Sentiment: Net income for the first nine months fell 43.4% year over year to $27.3 million, despite nine-month sales increasing 3.5% to $944.2 million. This suggests ongoing pressure on cumulative profitability.

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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