Transcat (TRNS) to Release Quarterly Earnings on Monday

Transcat (NASDAQ:TRNS) is scheduled to be announcing its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Transcat (NASDAQ:TRNS) last released its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.20. The business had revenue of $66.70 million during the quarter, compared to analysts’ expectations of $69.35 million. Transcat had a net margin of 5.69% and a return on equity of 8.48%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 earnings per share. On average, analysts expect Transcat to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Transcat Trading Down 3.0 %

Shares of Transcat stock opened at $119.76 on Friday. Transcat has a twelve month low of $84.45 and a twelve month high of $147.12. The firm has a market capitalization of $1.09 billion, a PE ratio of 75.32 and a beta of 0.67. The firm’s 50-day moving average price is $123.81 and its 200 day moving average price is $122.26.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TRNS. HC Wainwright reaffirmed a “buy” rating and issued a $156.00 price target on shares of Transcat in a research note on Tuesday, July 30th. Craig Hallum lowered their target price on shares of Transcat from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.33.

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.