Transcat (NASDAQ:TRNS – Get Free Report) released its earnings results on Monday. The scientific and technical instruments company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.12), Zacks reports. The firm had revenue of $67.83 million during the quarter, compared to the consensus estimate of $70.30 million. Transcat had a return on equity of 8.48% and a net margin of 5.69%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS.
Transcat Trading Down 16.8 %
NASDAQ:TRNS opened at $99.45 on Wednesday. The company has a 50-day moving average price of $123.33 and a 200-day moving average price of $122.34. The stock has a market cap of $909.97 million, a price-to-earnings ratio of 58.85 and a beta of 0.67. Transcat has a 12 month low of $84.45 and a 12 month high of $147.12.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. HC Wainwright reissued a “buy” rating and set a $156.00 price target on shares of Transcat in a research note on Tuesday. StockNews.com lowered shares of Transcat from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Craig Hallum reduced their price target on Transcat from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.
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