Sidoti Brokers Increase Earnings Estimates for Tennant

Tennant Company (NYSE:TNC) – Sidoti increased their FY2026 earnings estimates for shares of Tennant in a note issued to investors on Wednesday, November 4th. Sidoti analyst S. Ferazani now anticipates that the industrial products company will post earnings per share of $4.07 for the year, up from their previous estimate of $3.95. The consensus estimate for Tennant’s current full-year earnings is $3.95 per share. Sidoti also issued estimates for Tennant’s Q4 2026 earnings at $1.26 EPS, Q1 2027 earnings at $1.09 EPS, Q2 2027 earnings at $1.49 EPS and Q3 2027 earnings at $1.30 EPS.

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

TNC has been the topic of a number of other research reports. Weiss Ratings lowered Tennant from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 11th. Zacks Research downgraded Tennant from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, August 10th. Wall Street Zen cut shares of Tennant from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. UBS Group set a $85.00 price objective on shares of Tennant in a report on Thursday. Finally, Freedom Broker raised shares of Tennant from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $77.00 to $85.00 in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $87.00.

Tennant Stock Performance

TNC opened at $70.87 on Friday. The business’s 50-day moving average price is $67.85 and its two-hundred day moving average price is $75.78. Tennant has a 1 year low of $60.17 and a 1 year high of $91.93. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 52.89, a P/E/G ratio of 2.63 and a beta of 1.14. 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 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 paid a $0.3250 dividend. This is a positive change from Tennant’s previous quarterly dividend of $0.31. This represents a $1.30 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, November 30th. Tennant’s dividend payout ratio is 97.01%.

Insider Transactions at Tennant

In other news, Director Timothy R. Morse bought 1,500 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired 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 in the company, valued at approximately $723,662.52. This represents a 16.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Patrick E. Allen bought 3,000 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were purchased at an average price of $69.42 per share, for a total transaction of $208,260.00. Following the completion of the acquisition, the director owned 4,927 shares of the company’s stock, valued at $342,032.34. The trade was a 155.68% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 12,500 shares of company stock worth $849,250 in the last 90 days. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Tennant

A number of large investors have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System lifted its holdings in shares of Tennant by 55.0% during the third quarter. Maryland State Retirement & Pension System now owns 3,800 shares of the industrial products company’s stock worth $255,000 after buying an additional 1,348 shares in the last quarter. Penn Capital Management Company LLC acquired a new position in shares of Tennant in the third quarter valued at about $850,000. Simplex Trading LLC acquired a new position in shares of Tennant in the third quarter valued at about $52,000. Parallel Advisors LLC grew its stake in shares of Tennant by 623.0% in the third quarter. Parallel Advisors LLC now owns 535 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 461 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in Tennant by 48.0% during the third quarter. ProShare Advisors LLC now owns 116,517 shares of the industrial products company’s stock worth $7,832,000 after acquiring an additional 37,807 shares during the period. 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: Freedom Broker raised its rating on Tennant from “hold” to “buy” and increased its price target from $77 to $85, implying potential upside from the reference price. Freedom Broker rating information
• Positive Sentiment: Sidoti forecasts FY2028 EPS of $6.42, above its FY2027 estimate of $5.43, suggesting earnings growth beyond 2027. Its quarterly 2028 estimates range from $1.52 to $1.68 per share. Tennant analyst estimates
• Negative Sentiment: Sidoti cut its FY2027 EPS forecast to $5.43 from $5.82 and lowered its Q4 2027 estimate to $1.55 from $1.76. These downward revisions may temper the benefit of the rating upgrade and help explain weaker near-term sentiment. Tennant analyst estimates

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.