Transcat (TRNS) Set to Announce Quarterly Earnings on Monday

Transcat (NASDAQ:TRNS) will be announcing its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Transcat (NASDAQ:TRNS) last issued its quarterly earnings data on Monday, July 29th. The scientific and technical instruments company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.20. Transcat had a return on equity of 8.48% and a net margin of 5.69%. The business had revenue of $66.70 million during the quarter, compared to analysts’ expectations of $69.35 million. During the same period in the previous year, the firm posted $0.38 earnings per share. The company’s revenue was up 10.1% on a year-over-year basis. On average, analysts expect Transcat to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Transcat Trading Up 1.4 %

Shares of NASDAQ TRNS opened at $132.45 on Monday. Transcat has a twelve month low of $84.45 and a twelve month high of $147.12. The stock has a market capitalization of $1.21 billion, a PE ratio of 78.37 and a beta of 0.67. The stock has a fifty day simple moving average of $123.11 and a 200-day simple moving average of $121.66.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TRNS shares. Craig Hallum lowered their target price on Transcat from $150.00 to $138.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. HC Wainwright reissued a “buy” rating and set a $156.00 target price on shares of Transcat in a research note on Tuesday, July 30th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Transcat has an average rating of “Moderate Buy” and an average target price of $151.33.

About Transcat

Transcat, Inc provides calibration and laboratory instrument services in the United States, Canada, and internationally. It operates through two segments: Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualification, preventative maintenance, consulting, and other related services.