Sidoti Has Pessimistic View of Tennant FY2027 Earnings

Tennant Company (NYSE:TNC) – Equities research analysts at Sidoti reduced their FY2027 earnings estimates for shares of Tennant in a research report issued on Wednesday, November 4th. Sidoti analyst S. Ferazani now anticipates that the industrial products company will post earnings of $5.43 per share for the year, down from their previous forecast of $5.82. The consensus estimate for Tennant’s current full-year earnings is $3.95 per share. Sidoti also issued estimates for Tennant’s Q4 2027 earnings at $1.55 EPS, Q1 2028 earnings at $1.54 EPS, Q2 2028 earnings at $1.68 EPS, Q3 2028 earnings at $1.52 EPS and FY2028 earnings at $6.42 EPS.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings cut Tennant from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 11th. Wall Street Zen downgraded shares of Tennant from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Zacks Research cut shares of Tennant from a “strong-buy” rating to a “strong sell” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $91.00.

Tennant Stock Performance

Shares of TNC stock opened at $73.13 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.18 and a quick ratio of 1.37. Tennant has a fifty-two week low of $60.17 and a fifty-two week high of $91.93. The stock’s 50-day moving average is $67.84 and its two-hundred day moving average is $75.82. The firm has a market cap of $1.25 billion, a P/E ratio of 54.58, a PEG ratio of 2.61 and a beta of 1.14.

Tennant (NYSE:TNC) last posted its quarterly earnings results on Monday, November 2nd. The industrial products company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.42. Tennant had a net margin of 1.85% and a return on equity of 13.30%. The business had revenue of $322.30 million for the quarter, compared to the consensus estimate of $330.75 million. During the same period in the prior year, the business posted $1.46 earnings per share. Tennant’s revenue for the quarter was up 6.3% compared to the same quarter last year.

Tennant Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a $0.3250 dividend. This is a boost from Tennant’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, November 30th. This represents a $1.30 annualized dividend and a yield of 1.8%. Tennant’s payout ratio is 121.57%.

Insiders Place Their Bets

In other news, Director Patrick Allen purchased 3,000 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was bought at an average cost of $69.42 per share, for a total transaction of $208,260.00. Following the completion of the acquisition, the director directly owned 4,927 shares of the company’s stock, valued at approximately $342,032.34. The trade was a 155.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donal Mulligan purchased 8,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were purchased at an average price 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 of the company’s stock, valued at approximately $1,077,440. This trade represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 12,500 shares of company stock valued at $849,250 in the last quarter. Insiders own 3.50% of the company’s stock.

Institutional Trading of Tennant

Several hedge funds have recently added to or reduced their stakes in TNC. Pinnacle Wealth Planning Services Inc. increased its position in Tennant by 1,683.3% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 428 shares of the industrial products company’s stock worth $29,000 after buying an additional 404 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Tennant by 623.0% during the third quarter. Parallel Advisors LLC now owns 535 shares of the industrial products company’s stock worth $36,000 after buying an additional 461 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Tennant during the second quarter worth approximately $39,000. Versant Capital Management Inc boosted its position in shares of Tennant by 44.0% in the third quarter. Versant Capital Management Inc now owns 579 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 177 shares during the period. Finally, Simplex Trading LLC acquired a new stake in shares of Tennant in the third quarter worth $52,000. Institutional investors own 93.33% of the company’s stock.

Tennant News Summary

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Q3 EPS was $1.40, beating the $0.98 consensus estimate. The company also reported 6.3% year-over-year revenue growth. Tennant Q3 earnings flash
• Positive Sentiment: Management’s 2026 EPS guidance of $3.80–$4.45 has a midpoint above the $3.85 analyst consensus, although the bottom of the range is slightly below it. Revenue guidance of $1.3 billion is in line with expectations. TNC Q3 deep dive
• Positive Sentiment: Tennant raised its quarterly dividend 4.8%, from $0.31 to $0.325 per share, signaling continued commitment to shareholder returns. Tennant dividend increase
• Neutral Sentiment: Robotics momentum and progress on the ERP system were cited as drivers of margin recovery, but the available report summary does not quantify their expected financial contribution. TNC Q3 deep dive
• Negative Sentiment: Q3 revenue of $322.3 million came in below analysts’ $330.75 million estimate, tempering the strong EPS beat. Tennant misses Q3 revenue estimates

Tennant Company Profile

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.