Transcat (TRNS) Expected to Announce Earnings on Monday

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

Transcat (NASDAQ:TRNS) last announced its quarterly earnings data on Monday, October 28th. The scientific and technical instruments company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.12). The firm had revenue of $67.83 million during the quarter, compared to analysts’ expectations 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 firm earned $0.41 earnings per share. On average, analysts expect Transcat to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Transcat Trading Down 2.5 %

Transcat stock opened at $99.50 on Friday. The firm has a market cap of $915.40 million, a price-to-earnings ratio of 50.25 and a beta of 0.71. The stock has a fifty day simple moving average of $105.40 and a two-hundred day simple moving average of $115.62. Transcat has a 12 month low of $94.29 and a 12 month high of $147.12.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Oppenheimer restated an “outperform” rating and set a $130.00 price objective (down previously from $155.00) on shares of Transcat in a report on Wednesday, October 30th. Northland Securities cut their price target on shares of Transcat from $130.00 to $110.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 30th. Craig Hallum lifted their price objective on shares of Transcat from $113.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. StockNews.com downgraded Transcat from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $156.00 price target on shares of Transcat in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Transcat currently has an average rating of “Hold” and an average price target 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.