Tennant (TNC) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• Tennant (TNC) is expected to announce its Q2 2025 earnings on August 6th, with analysts predicting earnings of $1.63 per share and revenue of $327.20 million.
• In its last quarterly report, Tennant missed earnings expectations, reporting $1.12 per share compared to the consensus estimate of $1.38, with revenue down 6.8% year-over-year.
• Institutional investors hold 93.33% of Tennant's stock, with significant increases in stakes by several funds, including an 68.8% boost from AQR Capital Management.

Tennant (NYSE:TNC - Get Free Report) is anticipated to issue its Q2 2025 quarterly earnings data after the market closes on Wednesday, August 6th. Analysts expect the company to announce earnings of $1.63 per share and revenue of $327.20 million for the quarter.

Tennant (NYSE:TNC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.26). Tennant had a return on equity of 17.76% and a net margin of 5.40%. The business had revenue of $290.00 million for the quarter, compared to analyst estimates of $296.63 million. During the same quarter in the previous year, the company posted $1.49 EPS. The business's quarterly revenue was down 6.8% on a year-over-year basis. On average, analysts expect Tennant to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Tennant Stock Down 2.3%

Shares of NYSE TNC traded down $1.86 during mid-day trading on Friday, reaching $80.68. 20,828 shares of the company's stock traded hands, compared to its average volume of 157,011. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.14 and a quick ratio of 1.40. The business has a 50-day simple moving average of $78.13 and a 200 day simple moving average of $79.32. The stock has a market cap of $1.50 billion, a P/E ratio of 22.54 and a beta of 1.05. Tennant has a 1-year low of $67.32 and a 1-year high of $100.55.

Hedge Funds Weigh In On Tennant

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in shares of Tennant by 23.0% in the first quarter. Royal Bank of Canada now owns 4,563 shares of the industrial products company's stock worth $364,000 after purchasing an additional 854 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Tennant by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,271 shares of the industrial products company's stock worth $899,000 after buying an additional 491 shares in the last quarter. Jane Street Group LLC raised its position in Tennant by 39.1% in the 1st quarter. Jane Street Group LLC now owns 38,911 shares of the industrial products company's stock valued at $3,103,000 after buying an additional 10,946 shares during the last quarter. AQR Capital Management LLC lifted its stake in Tennant by 68.8% during the 1st quarter. AQR Capital Management LLC now owns 49,724 shares of the industrial products company's stock valued at $3,966,000 after acquiring an additional 20,275 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Tennant by 17.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 56,214 shares of the industrial products company's stock valued at $4,483,000 after acquiring an additional 8,421 shares in the last quarter. Institutional investors and hedge funds own 93.33% of the company's stock.

Tennant Company Profile

Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, and asset management solutions.