Tennant (NYSE:TNC) Updates FY 2026 Earnings Guidance

Key Points

• Tennant updated FY2026 guidance to EPS $4.70–$5.30 (consensus $4.96) and revenue $1.2–$1.3 billion (consensus $1.3B), indicating guidance is roughly in line to slightly below street expectations.
• TNC shares fell to $81.80 on the news with higher-than-normal volume; the company has a market cap of about $1.47B, a P/E near 35, and a consensus analyst target of $91 with an average rating of "Hold".
• Tennant declared a quarterly dividend of $0.31 per share (annualized $1.24, ~1.5% yield), with an ex-dividend date of May 29 and a payout ratio around 53%.

Tennant (NYSE:TNC - Get Free Report) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 4.700-5.300 for the period, compared to the consensus estimate of 4.960. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

Tennant Stock Performance

TNC stock traded down $0.98 during midday trading on Monday, hitting $81.80. The stock had a trading volume of 369,557 shares, compared to its average volume of 252,499. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 34.96, a P/E/G ratio of 2.45 and a beta of 1.12. Tennant has a 52 week low of $60.17 and a 52 week high of $85.90. The stock has a 50-day simple moving average of $70.64 and a 200 day simple moving average of $74.69. The company has a current ratio of 2.05, a quick ratio of 1.37 and a debt-to-equity ratio of 0.45.

Tennant Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, May 29th. Tennant's dividend payout ratio is currently 52.99%.

Analyst Ratings Changes

A number of research firms recently issued reports on TNC. Wall Street Zen cut Tennant from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Freedom Capital cut Tennant from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 26th. Zacks Research raised Tennant from a "strong sell" rating to a "hold" rating in a report on Monday, April 27th. Roth Mkm reaffirmed a "buy" rating and issued a $91.00 price target (down from $107.00) on shares of Tennant in a report on Wednesday, February 25th. Finally, Weiss Ratings raised Tennant from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, April 24th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $91.00.

Insider Activity at Tennant

In other news, Director David Windley sold 3,694 shares of the business's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $63.86, for a total transaction of $235,898.84. Following the completion of the transaction, the director directly owned 7,422 shares in the company, valued at approximately $473,968.92. The trade was a 33.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carol S. Eicher sold 3,130 shares of the business's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $61.98, for a total value of $193,997.40. Following the transaction, the director owned 28,836 shares of the company's stock, valued at $1,787,255.28. The trade was a 9.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders acquired 20,163 shares of company stock worth $1,261,674. 3.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tennant

Several institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. lifted its stake in Tennant by 3.6% in the 4th quarter. Invesco Ltd. now owns 102,926 shares of the industrial products company's stock valued at $7,586,000 after acquiring an additional 3,581 shares in the last quarter. Vision One Management Partners LP lifted its stake in Tennant by 18.1% in the 4th quarter. Vision One Management Partners LP now owns 344,585 shares of the industrial products company's stock valued at $25,396,000 after acquiring an additional 52,721 shares in the last quarter. State of Tennessee Department of Treasury lifted its stake in Tennant by 3.9% in the 4th quarter. State of Tennessee Department of Treasury now owns 6,559 shares of the industrial products company's stock valued at $499,000 after acquiring an additional 247 shares in the last quarter. XTX Topco Ltd lifted its stake in Tennant by 69.5% in the 4th quarter. XTX Topco Ltd now owns 24,584 shares of the industrial products company's stock valued at $1,812,000 after acquiring an additional 10,082 shares in the last quarter. Finally, Quadrature Capital Ltd lifted its stake in Tennant by 27.3% in the 4th quarter. Quadrature Capital Ltd now owns 5,687 shares of the industrial products company's stock valued at $419,000 after acquiring an additional 1,220 shares in the last quarter. 93.33% of the stock is currently 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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