Transcat (TRNS) Projected to Post Quarterly Earnings on Monday

Transcat (NASDAQ:TRNS) is anticipated to release its earnings data 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. Individual that wish to register for 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.12). The business 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%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the business 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 Stock Down 2.5 %

Shares of NASDAQ:TRNS opened at $99.50 on Friday. Transcat has a 52-week low of $94.29 and a 52-week high of $147.12. The business has a fifty day moving average of $105.40 and a two-hundred day moving average of $115.62. The stock has a market cap of $915.40 million, a P/E ratio of 50.25 and a beta of 0.71.

Wall Street Analyst Weigh In

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

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.