Northland Securities Comments on Transcat Q4 Earnings

Transcat, Inc. (NASDAQ:TRNS) – Northland Securities issued their Q4 2027 earnings per share estimates for shares of Transcat in a note issued to investors on Thursday, May 28th. Northland Securities analyst T. Jackson anticipates that the scientific and technical instruments company will post earnings of $0.62 per share for the quarter. The consensus estimate for Transcat’s current full-year earnings is $1.86 per share. Northland Securities also issued estimates for Transcat’s FY2028 earnings at $2.33 EPS, FY2030 earnings at $3.51 EPS and FY2031 earnings at $3.88 EPS.

Other research analysts have also issued research reports about the company. Zacks Research raised Transcat from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Transcat in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $105.33.

Transcat Stock Down 1.7%

TRNS stock opened at $78.96 on Friday. The company has a quick ratio of 1.85, a current ratio of 2.21 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $736.70 million, a PE ratio of 136.14 and a beta of 0.68. Transcat has a twelve month low of $50.23 and a twelve month high of $91.45. The stock has a 50-day simple moving average of $75.99 and a two-hundred day simple moving average of $68.28.

Transcat (NASDAQ:TRNS) last posted its earnings results on Tuesday, May 26th. The scientific and technical instruments company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. The business had revenue of $89.33 million during the quarter, compared to analyst estimates of $89.79 million. Transcat had a return on equity of 5.87% and a net margin of 1.62%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TRNS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Transcat by 6.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,462 shares of the scientific and technical instruments company’s stock worth $407,000 after purchasing an additional 325 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Transcat during the first quarter worth about $1,674,000. JPMorgan Chase & Co. grew its holdings in shares of Transcat by 88.3% during the second quarter. JPMorgan Chase & Co. now owns 8,555 shares of the scientific and technical instruments company’s stock worth $735,000 after purchasing an additional 4,012 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Transcat by 6.1% during the second quarter. Legal & General Group Plc now owns 9,551 shares of the scientific and technical instruments company’s stock worth $821,000 after purchasing an additional 548 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Transcat by 23.3% during the second quarter. Rhumbline Advisers now owns 16,171 shares of the scientific and technical instruments company’s stock worth $1,390,000 after purchasing an additional 3,061 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

About Transcat

Transcat, Inc (NASDAQ: TRNS) is a leading provider of calibration, laboratory, and metrology services in North America. Founded in 1964 and headquartered in Ronkonkoma, New York, the company specializes in ensuring the accuracy and compliance of measurement instruments across a wide range of industries. Transcat operates a network of ISO/IEC 17025–accredited laboratories and offers on-site field calibration, instrument repair, and preventive maintenance services.

In addition to its calibration services, Transcat distributes precision instrumentation and related software solutions from top manufacturers.