Tennant (NYSE:TNC) Issues FY 2026 Earnings Guidance

Tennant (NYSE:TNC) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.800-4.450 for the period, compared to the consensus EPS estimate of 5.120. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

Wall Street Analysts Forecast Growth

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

Tennant Price Performance

Shares of TNC stock opened at $87.00 on Thursday. Tennant has a 1 year low of $60.17 and a 1 year high of $91.93. The company has a current ratio of 2.12, a quick ratio of 1.41 and a debt-to-equity ratio of 0.67. The firm’s 50 day moving average is $86.83 and its 200-day moving average is $79.57. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 52.41, a PEG ratio of 2.49 and a beta of 1.13.

Tennant (NYSE:TNC) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.83 earnings per share (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 14.87% and a net margin of 2.55%.The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.49 EPS. Tennant has set its FY 2026 guidance at 3.800-4.450 EPS. Sell-side analysts forecast that Tennant will post 5.12 EPS for the current fiscal year.

Tennant Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.4%. Tennant’s payout ratio is 74.70%.

Tennant announced that its board has approved a share repurchase plan on Monday, May 4th that authorizes the company to repurchase 2,000,000,000,000 shares. This repurchase authorization authorizes the industrial products company to buy up to 11.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

More Tennant News

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Second-quarter net sales rose 1.7% year over year to $324.0 million, while orders increased 6.6% to $339.5 million and backlog reached $127 million, indicating solid underlying demand. AMR sales also climbed 37% to approximately $31 million. Tennant Q2 net sales rise to $324 million as profit declines
• Positive Sentiment: Tennant raised its full-year net sales outlook to $1.270 billion-$1.310 billion, reflecting confidence in revenue demand despite operational challenges. Tennant Company Reports Second Quarter 2026 Results
• Positive Sentiment: The company declared a quarterly dividend of $0.31 per share, payable September 15 to shareholders of record August 31, supporting its income-investment appeal. Tennant dividend announcement
• Neutral Sentiment: Recent insider activity has been mixed but net positive, with several executives—including CEO David Huml—purchasing shares while other insiders sold stock. Institutional ownership changes were also divided, with 93 investors adding shares and 135 reducing positions.
• Negative Sentiment: Profitability deteriorated sharply. Net income fell 62.4% to $7.6 million, and diluted EPS dropped to $0.44 from $1.08 a year earlier. Adjusted EPS of $0.83 also missed estimates of approximately $1.23-$1.33. Tennant lags Q2 earnings estimates
• Negative Sentiment: Tennant lowered full-year adjusted EBITDA guidance to $155 million-$170 million and set adjusted EPS guidance at $3.80-$4.45, well below the roughly $5.12 analyst consensus. Management cited lingering ERP-related inefficiencies in North America and pricing and volume pressure in EMEA. Tennant 2026 results and guidance

Institutional Trading of Tennant

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its stake in Tennant by 23.0% in the first quarter. Royal Bank of Canada now owns 4,563 shares of the industrial products company’s stock valued at $364,000 after purchasing an additional 854 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Tennant by 68.8% in the 1st quarter. AQR Capital Management LLC now owns 49,724 shares of the industrial products company’s stock valued at $3,966,000 after buying an additional 20,275 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Tennant by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,271 shares of the industrial products company’s stock worth $899,000 after acquiring an additional 491 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Tennant by 17.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 56,214 shares of the industrial products company’s stock valued at $4,483,000 after acquiring an additional 8,421 shares during the period. Finally, Jane Street Group LLC grew its stake in Tennant by 39.1% in the first quarter. Jane Street Group LLC now owns 38,911 shares of the industrial products company’s stock valued at $3,103,000 after acquiring an additional 10,946 shares during the period. 93.33% of the stock is currently owned by institutional investors and hedge funds.

Tennant Company Profile

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.