What is Sidoti’s Estimate for Tennant Q2 Earnings?

Tennant Company (NYSE:TNC) – Research analysts at Sidoti dropped their Q2 2027 earnings estimates for shares of Tennant in a research report issued on Wednesday, July 15th. Sidoti analyst S. Ferazani now anticipates that the industrial products company will earn $1.72 per share for the quarter, down from their previous estimate of $1.73. The consensus estimate for Tennant’s current full-year earnings is $5.12 per share.

Tennant (NYSE:TNC) last announced its quarterly earnings results on Monday, May 4th. The industrial products company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.18. Tennant had a net margin of 2.55% and a return on equity of 14.87%. The firm had revenue of $297.90 million during the quarter, compared to analyst estimates of $289.25 million. During the same period in the previous year, the business posted $1.12 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Tennant has set its FY 2026 guidance at 4.700-5.300 EPS.

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

Tennant Trading Up 1.4%

Shares of TNC stock opened at $86.31 on Thursday. Tennant has a 12-month low of $60.17 and a 12-month high of $91.93. The company has a current ratio of 2.12, a quick ratio of 1.41 and a debt-to-equity ratio of 0.67. The firm’s 50 day moving average is $86.05 and its 200 day moving average is $78.49. The stock has a market capitalization of $1.47 billion, a P/E ratio of 51.99, a P/E/G ratio of 2.38 and a beta of 1.12.

Tennant Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, May 29th. Tennant’s dividend payout ratio (DPR) is currently 74.70%.

Tennant declared that its board has authorized a share buyback plan on Monday, May 4th that authorizes the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 11.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Tennant

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. lifted its position in Tennant by 85.1% during the fourth quarter. Hantz Financial Services Inc. now owns 385 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 177 shares in the last quarter. UMB Bank n.a. increased its position in Tennant by 1,778.6% in the fourth quarter. UMB Bank n.a. now owns 526 shares of the industrial products company’s stock worth $39,000 after buying an additional 498 shares in the last quarter. State of Wyoming purchased a new stake in Tennant in the second quarter worth about $73,000. BNP Paribas Financial Markets raised its stake in shares of Tennant by 25.1% in the second quarter. BNP Paribas Financial Markets now owns 1,936 shares of the industrial products company’s stock worth $150,000 after buying an additional 389 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Tennant by 40.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,492 shares of the industrial products company’s stock worth $193,000 after buying an additional 722 shares during the period. 93.33% of the stock is currently 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.