TransAct Technologies (TACT) Set to Announce Quarterly Earnings on Tuesday

TransAct Technologies (NASDAQ:TACT) will be announcing its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. TransAct Technologies has set its FY 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

TransAct Technologies (NASDAQ:TACT) last issued its earnings results on Tuesday, March 12th. The technology company reported ($0.01) EPS for the quarter. TransAct Technologies had a net margin of 6.54% and a return on equity of 15.96%. The firm had revenue of $13.27 million during the quarter, compared to analysts’ expectations of $13.90 million.

TransAct Technologies Stock Performance

Shares of NASDAQ:TACT opened at $5.18 on Friday. TransAct Technologies has a twelve month low of $4.50 and a twelve month high of $9.44. The company has a market cap of $51.59 million, a PE ratio of 11.02 and a beta of 1.86. The company’s 50 day moving average is $5.47 and its 200 day moving average is $6.46.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Craig Hallum cut their price objective on shares of TransAct Technologies from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday, March 13th. StockNews.com assumed coverage on TransAct Technologies in a research report on Tuesday, April 30th. They set a “buy” rating on the stock.

TransAct Technologies Company Profile

TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents.