Tennant (NYSE:TNC) Releases FY 2026 Earnings Guidance

Tennant (NYSE:TNC) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.800-4.450 for the period, compared to the consensus EPS estimate of 5.120. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TNC shares. Weiss Ratings raised shares of Tennant from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. Wall Street Zen raised shares of Tennant from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Zacks Research upgraded shares of Tennant from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Tennant has an average rating of “Moderate Buy” and a consensus target price of $91.00.

Tennant Stock Performance

Shares of Tennant stock traded down $2.22 during midday trading on Wednesday, hitting $87.00. The company had a trading volume of 145,876 shares, compared to its average volume of 148,228. Tennant has a 1-year low of $60.17 and a 1-year high of $91.93. The business’s 50 day simple moving average is $86.83 and its two-hundred day simple moving average is $79.57. The stock has a market cap of $1.48 billion, a PE ratio of 18.13, a P/E/G ratio of 2.49 and a beta of 1.13. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.12 and a quick ratio of 1.41.

Tennant (NYSE:TNC) last posted its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.50). Tennant had a return on equity of 14.87% and a net margin of 2.55%.During the same quarter last year, the business earned $1.49 earnings per share. 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. As a group, equities analysts predict that Tennant will post 5.12 EPS for the current fiscal year.

Tennant Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, August 31st. Tennant’s payout ratio is currently 74.70%.

Tennant declared that its board has approved a stock repurchase plan on Monday, May 4th that permits the company to repurchase 2,000,000,000,000 shares. This repurchase authorization permits the industrial products company to buy up to 11.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of Tennant by 23.0% in the 1st quarter. Royal Bank of Canada now owns 4,563 shares of the industrial products company’s stock valued at $364,000 after buying an additional 854 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Tennant by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,271 shares of the industrial products company’s stock valued at $899,000 after acquiring an additional 491 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Tennant by 17.6% in the first 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 during the period. Finally, Jane Street Group LLC raised its position in Tennant by 39.1% in the first quarter. Jane Street Group LLC now owns 38,911 shares of the industrial products company’s stock worth $3,103,000 after purchasing an additional 10,946 shares in the last quarter. 93.33% of the stock is owned by institutional investors.

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.