Tennant (NYSE:TNC) Releases Earnings Results, Misses Estimates By $0.50 EPS

Tennant (NYSE:TNC) issued its quarterly earnings data on Wednesday. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.50), Zacks reports. Tennant had a return on equity of 14.87% and a net margin of 2.55%.The company had revenue of $324.00 million for the quarter, compared to analysts’ expectations of $329.55 million. During the same quarter in the prior year, the firm posted $1.49 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. Tennant updated its FY 2026 guidance to 3.800-4.450 EPS.

Tennant Price Performance

NYSE TNC traded down $13.84 on Thursday, hitting $73.42. 253,619 shares of the company were exchanged, compared to its average volume of 215,637. Tennant has a 1-year low of $60.17 and a 1-year high of $91.93. The firm has a 50 day moving average of $86.83 and a two-hundred day moving average of $79.57. The company has a market cap of $1.25 billion, a P/E ratio of 44.31, a P/E/G ratio of 2.49 and a beta of 1.13. The company has a current ratio of 2.12, a quick ratio of 1.41 and a debt-to-equity ratio of 0.67.

Tennant Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.31 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. Tennant’s dividend payout ratio (DPR) is 121.57%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TNC. Vision One Management Partners LP lifted its holdings in shares of Tennant by 63.1% in the third quarter. Vision One Management Partners LP now owns 291,864 shares of the industrial products company’s stock valued at $23,212,000 after purchasing an additional 112,873 shares in the last quarter. Millennium Management LLC increased its position in shares of Tennant by 33.8% during the 4th quarter. Millennium Management LLC now owns 358,452 shares of the industrial products company’s stock worth $26,418,000 after purchasing an additional 90,611 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Tennant by 158.4% during the 4th quarter. Jane Street Group LLC now owns 94,461 shares of the industrial products company’s stock worth $6,962,000 after purchasing an additional 57,907 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Tennant by 116.3% in the 4th quarter. Renaissance Technologies LLC now owns 76,900 shares of the industrial products company’s stock valued at $5,668,000 after buying an additional 41,342 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Tennant by 34.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 130,175 shares of the industrial products company’s stock valued at $9,594,000 after buying an additional 33,491 shares in the last quarter. Institutional investors and hedge funds own 93.33% of the company’s stock.

Tennant declared that its board has initiated a share buyback plan on Monday, May 4th that allows the company to repurchase 2,000,000,000,000 shares. This repurchase authorization allows the industrial products company to purchase up to 11.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Key Tennant News

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Second-quarter net sales increased 1.7% year over year to $324.0 million, while orders rose 6.6% to $339.5 million and backlog reached $127 million. Autonomous mobile robot (AMR) sales also climbed 37% to approximately $31 million, indicating healthy demand in selected growth areas. Tennant Q2 net sales rise to $324 million as profit declines
• Positive Sentiment: Tennant raised its full-year net sales guidance to approximately $1.27 billion-$1.31 billion, reflecting confidence in revenue demand. The company also declared a quarterly dividend of $0.31 per share, equivalent to an annualized yield of about 1.4%. Tennant Company Reports Second Quarter 2026 Results
• Neutral Sentiment: Insider activity was mixed but tilted toward buying over the past six months, including purchases by CEO David Huml and other executives. Institutional positioning was also mixed, with 93 investors adding shares and 135 reducing holdings in the latest quarter. Tennant Q2 net sales rise to $324 million as profit declines
• Negative Sentiment: Profitability was the key disappointment. Adjusted EPS of $0.83 missed the $1.23-$1.33 analyst range, while diluted EPS fell to $0.44 from $1.08 a year earlier. Net income plunged 62.4% to $7.6 million, and revenue slightly missed expectations. Tennant Lags Q2 Earnings Estimates
• Negative Sentiment: Tennant lowered full-year adjusted EBITDA guidance to $155 million-$170 million and issued EPS guidance of $3.80-$4.45, well below the roughly $5.12 analyst consensus. Management cited lingering North American ERP inefficiencies and pricing and volume pressure in EMEA, weighing on the stock. Tennant Second Quarter 2026 Results

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.