Transcat (TRNS) Expected to Announce Quarterly Earnings on Monday

Transcat (NASDAQ:TRNSGet Free Report) is expected 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:TRNSGet Free Report) last posted 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). Transcat had a return on equity of 7.36% and a net margin of 6.63%. The company had revenue of $67.83 million for the quarter, compared to analysts’ expectations of $70.30 million. During the same quarter in the prior year, the company earned $0.41 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. 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 2.6 %

Shares of NASDAQ:TRNS opened at $100.34 on Monday. The company has a market capitalization of $923.13 million, a PE ratio of 50.68 and a beta of 0.71. Transcat has a 12-month low of $94.29 and a 12-month high of $147.12. The business’s fifty day simple moving average is $105.91 and its 200-day simple moving average is $116.26.

Analyst Ratings Changes

Several research firms have issued reports on TRNS. StockNews.com lowered Transcat from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Oppenheimer restated an “outperform” rating and set a $130.00 price target (down previously from $155.00) on shares of Transcat 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. Northland Securities dropped their price objective on shares of Transcat from $130.00 to $110.00 and set a “market perform” rating on the stock in a report on Wednesday, October 30th. Finally, HC Wainwright restated a “buy” rating and issued a $156.00 target price on shares of Transcat in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Transcat has a consensus rating of “Hold” and a consensus target price of $130.25.

Read Our Latest Stock Analysis on Transcat

Transcat Company Profile

(Get Free Report)

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.

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Earnings History for Transcat (NASDAQ:TRNS)

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