Transcat (NASDAQ:TRNS) Posts Earnings Results, Misses Estimates By $0.12 EPS

Transcat (NASDAQ:TRNSGet Free Report) posted its quarterly earnings data on Monday. The scientific and technical instruments company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.12), Zacks reports. The business had revenue of $67.83 million for the quarter, compared to the consensus estimate of $70.30 million. Transcat had a net margin of 5.69% and a return on equity of 8.48%. Transcat’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS.

Transcat Price Performance

NASDAQ TRNS traded down $0.45 during trading hours on Wednesday, reaching $99.00. 267,893 shares of the stock traded hands, compared to its average volume of 52,596. The company has a market cap of $905.85 million, a price-to-earnings ratio of 58.58 and a beta of 0.67. The stock has a 50 day simple moving average of $122.86 and a two-hundred day simple moving average of $122.18. Transcat has a 1 year low of $84.45 and a 1 year high of $147.12.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TRNS shares. Oppenheimer reissued an “outperform” rating and set a $130.00 price objective (down previously from $155.00) on shares of Transcat in a research note on Wednesday. HC Wainwright reissued a “buy” rating and set a $156.00 price objective on shares of Transcat in a research note on Tuesday. Northland Securities dropped their price objective on Transcat from $130.00 to $110.00 and set a “market perform” rating for the company in a research note on Wednesday. StockNews.com lowered Transcat from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Craig Hallum lowered their price target on Transcat from $138.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Transcat has an average rating of “Hold” and a consensus price target of $127.25.

View Our Latest Analysis on Transcat

About Transcat

(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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