Tennant (NYSE:TNC) Releases Earnings Results, Beats Expectations By $0.18 EPS

Tennant (NYSE:TNC) issued its quarterly earnings results on Monday. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.18, FiscalAI reports. Tennant had a return on equity of 16.05% and a net margin of 3.64%.The firm had revenue of $297.90 million during the quarter, compared to analyst estimates of $289.25 million. Tennant updated its FY 2026 guidance to 4.700-5.300 EPS.

Tennant Stock Down 1.2%

Shares of TNC traded down $0.98 during trading hours on Monday, hitting $81.80. The company had a trading volume of 369,557 shares, compared to its average volume of 252,499. The company has a market capitalization of $1.47 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 2.45 and a beta of 1.12. The company has a current ratio of 2.05, a quick ratio of 1.37 and a debt-to-equity ratio of 0.45. Tennant has a one year low of $60.17 and a one year high of $85.90. The company’s fifty day moving average price is $70.64 and its two-hundred day moving average price is $74.69.

Tennant Announces Dividend

The business also recently declared 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. This represents a $1.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, May 29th. Tennant’s payout ratio is presently 52.99%.

Analysts Set New Price Targets

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

Insider Transactions at Tennant

In related news, Director Donal L. Mulligan purchased 5,000 shares of Tennant stock in a transaction dated Thursday, February 26th. The stock was purchased at an average cost of $63.86 per share, with a total value of $319,300.00. Following the transaction, the director owned 5,000 shares in the company, valued at approximately $319,300. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James T. Jr. Glerum bought 8,163 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were acquired at an average price of $61.25 per share, for a total transaction of $499,983.75. Following the completion of the purchase, the director owned 8,600 shares in the company, valued at $526,750. The trade was a 1,867.96% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 20,163 shares of company stock worth $1,261,674. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TNC. UMB Bank n.a. grew its stake in Tennant by 1,778.6% during the 4th 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 during the last quarter. State of Wyoming purchased a new position in Tennant during the 2nd quarter worth $73,000. BNP Paribas Financial Markets grew its stake in Tennant by 25.1% during the 2nd 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 last quarter. Tower Research Capital LLC TRC grew its stake in Tennant by 40.8% during the 2nd 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 last quarter. Finally, Aristides Capital LLC purchased a new position in Tennant during the 4th quarter worth $201,000. 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.