Transcat (NASDAQ:TRNS) Announces Quarterly Earnings Results

Transcat (NASDAQ:TRNS) announced its quarterly earnings data on Monday. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07, Zacks reports. Transcat had a net margin of 6.63% and a return on equity of 7.36%. During the same quarter last year, the firm earned $0.56 EPS.

Transcat Price Performance

NASDAQ TRNS opened at $86.53 on Wednesday. The stock’s 50 day simple moving average is $104.98 and its 200-day simple moving average is $115.11. The company has a market cap of $796.08 million, a PE ratio of 43.70 and a beta of 0.71. Transcat has a 1-year low of $75.18 and a 1-year high of $147.12.

Analyst Ratings Changes

Several brokerages have commented on TRNS. Northland Securities restated a “market perform” rating and set a $85.00 price objective (down from $110.00) on shares of Transcat in a research note on Wednesday. StockNews.com raised shares of Transcat from a “sell” rating to a “hold” rating in a report on Tuesday. HC Wainwright reduced their price objective on Transcat from $126.00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday. Craig Hallum boosted their price objective on Transcat from $113.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Oppenheimer lowered Transcat from an “outperform” rating to a “market perform” rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Transcat currently has a consensus rating of “Hold” and an average target price of $111.50.

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.