Argus cuts target for Tennant Company stock to USD 63.00

Published on 10/18/2026 at 12:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Argus cut its target for Tennant Company stock to USD 63.00 on October 14, 2026. Q3 results are due November 2, 2026 after USD 324.00 million in Q2 revenue.

Analyst reset and earnings date

Argus lowered its Tennant target to USD 63.00 on October 14, 2026.
Second-quarter revenue reached USD 324.00 million, up 1.70 percent year over year.
MarketBeat lists November 2, 2026 as Tennant's next quarterly reporting date.

TNC, US8803451033, Illustration mit AI erstellt.

Argus lowered its target for Tennant Company stock to USD 63.00 on October 14, 2026, according to Yahoo Finance. The cut followed Tennant's reduced profitability outlook and keeps execution of its enterprise resource planning program at the center of the investment case.

Three events reset expectations

Tennant reported second-quarter 2026 revenue of USD 324.00 million on August 5, 2026, up 1.70 percent from the prior-year period, while adjusted earnings per share came in at USD 0.83, according to MarketBeat.

On October 9, 2026, Tennant raised its full-year 2026 revenue guidance to USD 1.27 billion-USD 1.31 billion but cut adjusted EBITDA guidance to USD 155.00 million-USD 170.00 million from USD 175.00 million-USD 190.00 million, as Benzinga reported.

Argus then lowered its target to USD 63.00 on October 14, 2026. That sequence gives investors a clear split: demand remains measurable, but profitability depends on whether ERP-related costs and supply constraints ease.

What does the robotics plan mean?

Tennant's second-quarter adjusted EBITDA was USD 35.30 million, down from USD 51.00 million in the prior-year period, and its adjusted EBITDA margin fell to 10.90 percent from 16.00 percent. At the same time, robotics revenue reached USD 31.00 million, up 37.00 percent year over year, while first-half robotics revenue rose 56.00 percent to USD 58.00 million, according to Benzinga. The company expects full-year robotics revenue of USD 130.00 million-USD 145.00 million, making delivery and margin conversion the key test for the revised outlook.

Two dates frame the next test

MarketBeat lists November 2, 2026 for Tennant's third-quarter results and November 3, 2026 at 10:00 a.m. ET for the earnings call. The published consensus calls for USD 330.75 million in revenue and USD 0.98 in earnings per share for the quarter.

Execution remains the deciding factor

Tennant's latest figures show revenue growth alongside weaker profitability, while the lower analyst target places greater weight on the timing of ERP recovery. The next report will show whether backlog conversion and robotics shipments can offset the cost pressure.

The further course of trading is shown by the continuously updated real-time quote of Tennant Company stock.