Techprecision (NASDAQ:TPCS) Releases Quarterly Earnings Results

Techprecision (NASDAQ:TPCS) posted its earnings results on Monday. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, Zacks reports. Techprecision had a negative return on equity of 19.73% and a negative net margin of 5.26%.The firm had revenue of $8.08 million for the quarter.

Here are the key takeaways from Techprecision’s conference call:

• TechPrecision’s fiscal Q4 revenue fell 15% year over year to $8.1 million, and gross profit dropped to $1.1 million, hurt by weaker performance at both Ranor and Stadco.
• Stadco’s profitability was pressured by customer-furnished material delays and delays in customer analysis/disposition of non-conformances, leaving Q4 gross profit at just $28,000.
• The company expects a meaningful turnaround in fiscal 2027, guiding to $35 million-$37 million in revenue and $3 million-$4 million in EBITDA, with management calling guidance a major step forward.
• Management said the company has a strong backlog of $52 million in funded orders, plus about $25 million of unfunded purchase orders, supporting revenue visibility over the next one to three years.
• TechPrecision highlighted improving customer confidence, ongoing CapEx-funded equipment upgrades at Ranor, and a strategic shift toward more repeatable, better-priced work at Stadco as key drivers of future margin expansion.

Techprecision Stock Performance

Shares of Techprecision stock opened at $3.82 on Wednesday. Techprecision has a fifty-two week low of $2.88 and a fifty-two week high of $6.25. The stock has a 50 day moving average of $3.87 and a 200 day moving average of $4.10. The firm has a market capitalization of $38.24 million, a price-to-earnings ratio of -22.47 and a beta of 0.46.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Techprecision in a report on Monday, May 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Techprecision

A number of hedge funds and other institutional investors have recently modified their holdings of TPCS. NewEdge Advisors LLC lifted its stake in Techprecision by 112.6% during the fourth quarter. NewEdge Advisors LLC now owns 53,327 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 28,242 shares during the last quarter. Rothschild Wealth LLC acquired a new stake in Techprecision during the fourth quarter worth about $559,000. Jane Street Group LLC bought a new position in Techprecision in the fourth quarter worth about $64,000. Dimensional Fund Advisors LP lifted its holdings in Techprecision by 29.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,831 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 4,071 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Techprecision by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 96,055 shares of the industrial products company’s stock valued at $464,000 after acquiring an additional 3,448 shares during the period. 15.52% of the stock is currently owned by institutional investors and hedge funds.

Techprecision Company Profile

TechPrecision, Inc (NASDAQ:TPCS) specializes in the design, engineering and manufacture of high-precision automated machinery and turnkey production solutions. The company’s core offerings include assembly, test and inspection equipment, servo-electric press systems and custom packaging machines tailored for industries with stringent quality and regulatory requirements. TechPrecision’s products support medical device, pharmaceutical, consumer goods and industrial applications, delivering end-to-end services from concept development and prototyping to full-scale production and after-market support.

Founded in 1987 and headquartered in Fredericksburg, Virginia, TechPrecision operates two primary manufacturing facilities: its U.S.