Transcat (NASDAQ:TRNS) Releases Earnings Results, Beats Estimates By $0.07 EPS

Transcat (NASDAQ:TRNS) posted its quarterly earnings results on Monday. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.07, Zacks reports. Transcat had a net margin of 6.63% and a return on equity of 7.36%. During the same quarter in the prior year, the firm earned $0.56 earnings per share.

Transcat Stock Down 0.2 %

Shares of Transcat stock opened at $99.31 on Tuesday. The firm has a market cap of $913.65 million, a PE ratio of 50.16 and a beta of 0.71. Transcat has a twelve month low of $94.29 and a twelve month high of $147.12. The business has a 50-day moving average price of $105.34 and a 200 day moving average price of $115.41.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TRNS shares. Craig Hallum lifted their price objective on shares of Transcat from $113.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Northland Securities dropped their price target on Transcat from $130.00 to $110.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $130.00 price target (down previously from $155.00) on shares of Transcat in a report on Wednesday, October 30th. StockNews.com lowered shares of Transcat from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, HC Wainwright restated a “buy” rating and issued a $156.00 target price on shares of Transcat in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Transcat has an average rating of “Hold” and a consensus target price of $130.25.

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.