Tennant (NYSE:TNC) Issues FY 2026 Earnings Guidance

Tennant (NYSE:TNC) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided EPS guidance of 4.700-5.300 for the period, compared to the consensus EPS estimate of 4.960. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

Tennant Stock Up 2.9%

NYSE TNC traded up $2.40 during trading hours on Wednesday, hitting $85.03. The company had a trading volume of 13,571 shares, compared to its average volume of 252,017. Tennant has a fifty-two week low of $60.17 and a fifty-two week high of $87.06. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 51.19, a P/E/G ratio of 2.42 and a beta of 1.12. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.05 and a quick ratio of 1.37. The firm’s 50 day moving average is $70.63 and its 200 day moving average is $74.71.

Tennant (NYSE:TNC) last released its quarterly earnings data on Monday, May 4th. The industrial products company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.40 by $0.18. Tennant had a return on equity of 14.28% and a net margin of 2.55%.The company had revenue of $297.90 million for the quarter, compared to analyst estimates of $289.25 million. During the same period last year, the company posted $1.12 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. Tennant has set its FY 2026 guidance at 4.700-5.300 EPS. Sell-side analysts anticipate that Tennant will post 4.84 earnings per share for the current fiscal year.

Tennant Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.24 annualized dividend and a dividend yield of 1.5%. Tennant’s dividend payout ratio is presently 52.99%.

Tennant announced that its Board of Directors has authorized a stock buyback program 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 shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TNC shares. Wall Street Zen downgraded Tennant from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings raised Tennant from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Zacks Research raised Tennant from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Freedom Capital downgraded Tennant from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Roth Mkm reissued a “buy” rating and issued a $91.00 price target (down from $107.00) on shares of Tennant in a report on Wednesday, February 25th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $91.00.

Insider Activity

In other Tennant news, Director Donal L. Mulligan bought 5,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was acquired at an average price of $63.86 per share, with a total value of $319,300.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at approximately $319,300. This represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David W. Huml bought 4,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was acquired at an average cost of $64.39 per share, with a total value of $257,560.00. Following the transaction, the chief executive officer owned 67,958 shares of the company’s stock, valued at $4,375,815.62. This trade represents a 6.25% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 20,163 shares of company stock worth $1,261,674 in the last quarter. 3.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Tennant

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Comerica Bank increased its stake in shares of Tennant by 1.2% in the third quarter. Comerica Bank now owns 12,290 shares of the industrial products company’s stock worth $996,000 after purchasing an additional 144 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Tennant by 2.5% during the 4th 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 in the last quarter. Swiss National Bank grew its stake in shares of Tennant by 0.6% in the 3rd quarter. Swiss National Bank now owns 34,300 shares of the industrial products company’s stock valued at $2,780,000 after purchasing an additional 200 shares during the period. State of Tennessee Department of Treasury grew its stake in shares of Tennant by 3.9% in the 4th quarter. State of Tennessee Department of Treasury now owns 6,559 shares of the industrial products company’s stock valued at $499,000 after purchasing an additional 247 shares during the period. Finally, California State Teachers Retirement System grew its stake in shares of Tennant by 1.9% in the 2nd quarter. California State Teachers Retirement System now owns 16,650 shares of the industrial products company’s stock valued at $1,290,000 after purchasing an additional 306 shares during the period. Institutional investors and hedge funds own 93.33% of the company’s stock.

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.