Tennant (NYSE:TNC) Releases FY 2026 Earnings Guidance
by Teresa Graham · The Cerbat GemTennant (NYSE:TNC – Get Free Report) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 4.700-5.300 for the period, compared to the consensus 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 Down 1.2%
Shares of TNC stock traded down $0.98 on Monday, hitting $81.80. 369,557 shares of the stock were exchanged, compared to its average volume of 252,499. The company has a current ratio of 2.05, a quick ratio of 1.37 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $1.47 billion, a P/E ratio of 34.96, a price-to-earnings-growth ratio of 2.45 and a beta of 1.12. Tennant has a fifty-two week low of $60.17 and a fifty-two week high of $85.90. The business has a 50-day moving average of $70.64 and a 200 day moving average of $74.69.
Tennant (NYSE:TNC – Get Free Report) last announced its earnings results on Monday, May 4th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.18. The business had revenue of $297.90 million for the quarter, compared to analyst estimates of $289.25 million. Tennant had a return on equity of 16.05% and a net margin of 3.64%.Tennant has set its FY 2026 guidance at 4.700-5.300 EPS. Equities analysts anticipate that Tennant will post 4.84 EPS for the current year.
Tennant Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a $0.31 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.5%. Tennant’s dividend payout ratio (DPR) is 52.99%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on TNC. Weiss Ratings raised shares of Tennant from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Zacks Research upgraded shares of Tennant from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen cut shares of Tennant from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Roth Mkm restated a “buy” rating and set a $91.00 price objective (down from $107.00) on shares of Tennant in a research note on Wednesday, February 25th. Finally, Freedom Capital cut Tennant from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $91.00.
Read Our Latest Report on Tennant
Insider Transactions at Tennant
In other news, Director Donal L. Mulligan acquired 3,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was bought at an average price of $61.61 per share, with a total value of $184,830.00. Following the transaction, the director directly owned 8,000 shares in the company, valued at approximately $492,880. The trade was a 60.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David W. Huml acquired 4,000 shares of the stock in a transaction dated Thursday, February 26th. The shares were purchased at an average price of $64.39 per share, for a total transaction of $257,560.00. Following the completion of the purchase, the chief executive officer directly owned 67,958 shares in the company, valued at $4,375,815.62. The trade was a 6.25% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 20,163 shares of company stock valued at $1,261,674. 3.50% of the stock is owned by company insiders.
Institutional Trading of Tennant
Several institutional investors and hedge funds have recently bought and sold shares of the business. Vision One Management Partners LP boosted its stake in shares of Tennant by 63.1% during the 3rd quarter. Vision One Management Partners LP now owns 291,864 shares of the industrial products company’s stock worth $23,212,000 after acquiring an additional 112,873 shares during the period. Millennium Management LLC raised its stake in Tennant by 33.8% in the 4th quarter. Millennium Management LLC now owns 358,452 shares of the industrial products company’s stock valued at $26,418,000 after acquiring an additional 90,611 shares during the period. Jane Street Group LLC raised its stake in Tennant by 158.4% in the 4th quarter. Jane Street Group LLC now owns 94,461 shares of the industrial products company’s stock valued at $6,962,000 after acquiring an additional 57,907 shares during the period. Renaissance Technologies LLC raised its stake in Tennant by 116.3% in the 4th quarter. Renaissance Technologies LLC now owns 76,900 shares of the industrial products company’s stock valued at $5,668,000 after acquiring an additional 41,342 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Tennant by 34.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 130,175 shares of the industrial products company’s stock valued at $9,594,000 after purchasing an additional 33,491 shares during the last quarter. Institutional investors 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.