Tennant (NYSE:TNC) Cut to “Strong Sell” at Zacks Research

Tennant (NYSE:TNC) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Wall Street Zen downgraded Tennant from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded Tennant from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 5th. 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $91.00.

Tennant Trading Down 3.8%

Shares of NYSE TNC opened at $66.63 on Monday. Tennant has a 1-year low of $60.17 and a 1-year high of $91.93. The company has a market cap of $1.14 billion, a PE ratio of 65.33, a P/E/G ratio of 2.57 and a beta of 1.13. The company has a current ratio of 2.04, a quick ratio of 1.37 and a debt-to-equity ratio of 0.67. The company has a 50-day moving average of $85.64 and a two-hundred day moving average of $79.35.

Tennant (NYSE:TNC) last released 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 company had revenue of $324.00 million for the quarter, compared to the consensus estimate of $329.55 million. Tennant had a net margin of 1.50% and a return on equity of 13.32%. Tennant’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the company earned $1.49 earnings per share. Tennant has set its FY 2026 guidance at 3.800-4.450 EPS. As a group, equities analysts expect that Tennant will post 3.85 earnings per share for the current fiscal year.

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

Institutional Trading of Tennant

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Tennant in the 2nd quarter worth $236,255,000. Gamco Investors INC. ET AL increased its holdings in Tennant by 40.5% in the first quarter. Gamco Investors INC. ET AL now owns 706,400 shares of the industrial products company’s stock valued at $46,905,000 after purchasing an additional 203,802 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Tennant by 8.4% in the first quarter. Dimensional Fund Advisors LP now owns 634,158 shares of the industrial products company’s stock valued at $42,106,000 after purchasing an additional 49,136 shares during the last quarter. Millennium Management LLC lifted its stake in Tennant by 33.8% in the fourth quarter. Millennium Management LLC now owns 358,452 shares of the industrial products company’s stock valued at $26,418,000 after buying an additional 90,611 shares during the period. Finally, Vision One Management Partners LP boosted its holdings in Tennant by 18.1% during the fourth quarter. Vision One Management Partners LP now owns 344,585 shares of the industrial products company’s stock worth $25,396,000 after buying an additional 52,721 shares during the last quarter. Institutional investors own 93.33% of the company’s stock.

More Tennant News

Here are the key news stories impacting Tennant this week:

• Negative Sentiment: Sidoti cut its Tennant earnings estimates across multiple periods: Q3 2026 EPS to $1.10 from $1.56, Q4 2026 EPS to $1.45 from $1.80, and FY2026 EPS to $3.96 from $5.12. The FY2026 estimate is also below the broader consensus of $4.13. Sidoti Has Negative Estimate for Tennant Q2 Earnings
• Negative Sentiment: The analyst also lowered forward forecasts, including Q1 2027 EPS to $0.99 from $1.36 and FY2027 EPS to $5.82 from $6.60. These cuts suggest that the pressure is viewed as extending beyond the current fiscal year. Why Tennant Company’s Stock Is Down
• Negative Sentiment: The estimate reductions follow Tennant’s latest quarterly results, which missed expectations: adjusted earnings were $0.83 per share versus a $1.33 consensus estimate, while revenue of $324.0 million was below the $329.6 million forecast. Earnings also declined from $1.49 per share a year earlier, despite modest revenue growth.

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.