Transcat (TRNS) to Release Earnings on Monday

Transcat (NASDAQ:TRNS) is expected to announce its earnings results after the market closes on Monday, January 27th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $70,302.00 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Transcat (NASDAQ:TRNS) last released its earnings results on Monday, October 28th. The scientific and technical instruments company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.12). The firm had revenue of $67.83 million for the quarter, compared to the consensus estimate of $70.30 million. Transcat had a return on equity of 7.36% and a net margin of 6.63%. Transcat’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. On average, analysts expect Transcat to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Transcat Price Performance

Shares of NASDAQ TRNS opened at $100.34 on Monday. Transcat has a 1 year low of $94.29 and a 1 year high of $147.12. The firm has a fifty day moving average price of $105.91 and a 200-day moving average price of $116.26. The stock has a market cap of $923.13 million, a PE ratio of 50.68 and a beta of 0.71.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Craig Hallum raised their price target on Transcat from $113.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, December 12th. StockNews.com cut shares of Transcat from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. HC Wainwright reaffirmed a “buy” rating and set a $156.00 target price on shares of Transcat in a research note on Tuesday, October 29th. Oppenheimer reiterated an “outperform” rating and issued a $130.00 price target (down previously from $155.00) on shares of Transcat in a research note on Wednesday, October 30th. Finally, Northland Securities lowered their target price on Transcat from $130.00 to $110.00 and set a “market perform” rating for the company in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Transcat has an average rating of “Hold” and a consensus target price of $130.25.

Transcat Company Profile

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.