Transcat (TRNS) Expected to Announce Quarterly Earnings on Monday

Transcat (NASDAQ:TRNS) 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:TRNS) 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.

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.