Sidoti Has Negative Estimate for Tennant Q2 Earnings

Tennant Company (NYSE:TNC) – Analysts at Sidoti cut their Q2 2027 earnings per share estimates for Tennant in a research note issued on Friday, August 7th. Sidoti analyst S. Ferazani now forecasts that the industrial products company will post earnings of $1.57 per share for the quarter, down from their prior estimate of $1.72. The consensus estimate for Tennant’s current full-year earnings is $4.13 per share. Sidoti also issued estimates for Tennant’s Q3 2027 earnings at $1.47 EPS.

Tennant (NYSE:TNC) last announced its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.50). The firm had revenue of $324.00 million for the quarter, compared to analyst estimates of $329.55 million. Tennant had a return on equity of 13.32% and a net margin of 1.50%.The business’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.49 earnings per share. Tennant has set its FY 2026 guidance at 3.800-4.450 EPS.

Other research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Tennant from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded shares of Tennant from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Finally, Zacks Research raised shares of Tennant from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. One research 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.00.

Tennant Stock Down 5.9%

Shares of NYSE:TNC opened at $69.55 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.37 and a current ratio of 2.04. Tennant has a 1 year low of $60.17 and a 1 year high of $91.93. The stock has a market capitalization of $1.19 billion, a P/E ratio of 68.19, a PEG ratio of 2.56 and a beta of 1.13. The stock has a 50-day simple moving average of $86.03 and a 200-day simple moving average of $79.44.

Tennant announced that its board has authorized a stock repurchase plan on Monday, May 4th that allows the company to buyback 2,000,000,000,000 shares. This buyback authorization allows the industrial products company to reacquire up to 11.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Tennant Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, August 31st. Tennant’s dividend payout ratio is presently 121.57%.

Institutional Trading of Tennant

A number of hedge funds and other institutional investors have recently modified their holdings of TNC. Comerica Bank increased its holdings in shares of Tennant by 1.2% in the 3rd quarter. Comerica Bank now owns 12,290 shares of the industrial products company’s stock valued at $996,000 after acquiring an additional 144 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Tennant by 2.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,115 shares of the industrial products company’s stock worth $451,000 after purchasing an additional 148 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Tennant by 85.1% during the fourth quarter. Hantz Financial Services Inc. now owns 385 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 177 shares during the last quarter. Swiss National Bank lifted its stake in Tennant by 0.6% during the third quarter. Swiss National Bank now owns 34,300 shares of the industrial products company’s stock worth $2,780,000 after purchasing an additional 200 shares during the last quarter. Finally, State of Tennessee Department of Treasury boosted its holdings in Tennant by 3.9% in the fourth quarter. State of Tennessee Department of Treasury now owns 6,559 shares of the industrial products company’s stock worth $499,000 after purchasing an additional 247 shares during the period. 93.33% of the stock is owned by hedge funds and other 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.