Transcat (TRNS) to Release Earnings on Monday

Transcat (NASDAQ:TRNS) will be issuing its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect Transcat to post earnings of $0.47 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Transcat (NASDAQ:TRNS) last issued 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 company had revenue of $66.70 million for the quarter, compared to the consensus estimate of $69.35 million. Transcat had a net margin of 5.69% and a return on equity of 8.48%. Transcat’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm 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 Price Performance

NASDAQ:TRNS opened at $119.76 on Friday. The company’s 50-day moving average is $123.81 and its two-hundred day moving average is $122.26. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 75.32 and a beta of 0.67. Transcat has a 1-year low of $84.45 and a 1-year high of $147.12.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. HC Wainwright reiterated a “buy” rating and issued a $156.00 price objective on shares of Transcat in a report on Tuesday, July 30th. Craig Hallum decreased their price target on Transcat from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Transcat has a consensus rating of “Moderate Buy” and a consensus price target 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.