Tennant (NYSE:TNC) Issues FY 2026 Earnings Guidance

Tennant (NYSE:TNC) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 3.800-4.450 for the period, compared to the consensus estimate of 3.850. The company issued revenue guidance of $1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

Tennant Trading Up 9.2%

NYSE:TNC opened at $72.57 on Tuesday. Tennant has a 12-month low of $60.17 and a 12-month high of $91.93. 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 stock’s 50 day simple moving average is $67.70 and its 200-day simple moving average is $75.88. The firm has a market cap of $1.24 billion, a P/E ratio of 71.09, a PEG ratio of 2.46 and a beta of 1.15.

Tennant (NYSE:TNC) last issued its quarterly earnings results on Monday, November 2nd. The industrial products company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.42. The firm had revenue of $322.30 million during the quarter, compared to the consensus estimate of $330.75 million. Tennant had a return on equity of 13.32% and a net margin of 1.50%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the company earned $1.46 earnings per share. Equities analysts anticipate that Tennant will post 3.84 EPS for the current year.

Tennant Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a $0.3250 dividend. This is a boost from Tennant’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, November 30th. This represents a $1.30 annualized dividend and a dividend yield of 1.8%. Tennant’s dividend payout ratio (DPR) is 121.57%.

Analyst Ratings Changes

Several research analysts recently issued reports on TNC shares. Zacks Research cut shares of Tennant from a “strong-buy” rating to a “strong sell” rating in a report on Monday, August 10th. Weiss Ratings downgraded Tennant from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 11th. Finally, Wall Street Zen lowered shares of Tennant from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $91.00.

Insider Transactions at Tennant

In other news, Director Donal Mulligan purchased 8,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were acquired at an average price of $67.34 per share, with a total value of $538,720.00. Following the purchase, the director directly owned 16,000 shares of the company’s stock, valued at $1,077,440. The trade was a 100.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Timothy Morse purchased 1,500 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average price of $68.18 per share, for a total transaction of $102,270.00. Following the acquisition, the director owned 10,614 shares in the company, valued at approximately $723,662.52. This trade represents a 16.46% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 12,500 shares of company stock valued at $849,250 in the last quarter. 3.50% of the stock is currently owned by corporate insiders.

Key Tennant News

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Adjusted EPS beat expectations: Third-quarter adjusted earnings were $1.40 per share, well above the $0.98 analyst consensus. Net income increased 30.9% year over year to $19.5 million, while revenue rose approximately 6.2% to $322.3 million. Tennant Company Reports Third Quarter 2026 Results
• Positive Sentiment: Dividend increased: Tennant raised its quarterly dividend 4.8% to $0.325 per share, equal to $1.30 annually and a yield of roughly 1.9%. The company has now increased its dividend for 55 consecutive years, supporting its appeal to income-focused investors. Tennant Company Increases Dividend
• Neutral Sentiment: Full-year guidance was broadly in line: Tennant expects fiscal 2026 revenue of approximately $1.3 billion, matching consensus estimates. EPS guidance of $3.80 to $4.45 has a midpoint above the $3.85 consensus, although the low end is slightly below expectations.
• Negative Sentiment: Revenue missed estimates: Quarterly sales of $322.3 million fell short of the approximately $330.75 million analyst forecast. EPS also declined from $1.46 in the year-ago quarter, despite the consensus beat. Tennant misses Q3 2026 revenue estimates
• Negative Sentiment: Year-to-date profitability remains weaker: Nine-month net income declined 43.4% to $27.3 million, suggesting that the strong quarterly profit improvement has not yet reversed broader earnings pressure.

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.