Analysts Expect Transcat, Inc. (TRNS) to Announce $0.26 Earnings Per Share

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Transcat, Inc. (NASDAQ:TRNS) has received an average broker rating score of 1.50 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.

Brokerages have set a twelve-month consensus target price of $28.17 for the company and are predicting that the company will post $0.26 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Transcat an industry rank of 216 out of 255 based on the ratings given to related companies.

TRNS has been the subject of a number of analyst reports. ValuEngine upgraded Transcat from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded Transcat from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Saturday, February 2nd.

Transcat stock traded down $0.08 during mid-day trading on Tuesday, hitting $23.25. The company’s stock had a trading volume of 1,290 shares, compared to its average volume of 21,382. The company has a market capitalization of $165.59 million, a PE ratio of 32.75, a price-to-earnings-growth ratio of 3.34 and a beta of 0.92. The company has a quick ratio of 1.45, a current ratio of 2.16 and a debt-to-equity ratio of 0.40. Transcat has a one year low of $13.90 and a one year high of $25.35.

Transcat (NASDAQ:TRNS) last announced its quarterly earnings data on Monday, February 4th. The scientific and technical instruments company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.05). The business had revenue of $40.87 million during the quarter, compared to the consensus estimate of $43.30 million. Transcat had a net margin of 4.37% and a return on equity of 12.05%. As a group, research analysts anticipate that Transcat will post 0.86 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC raised its stake in Transcat by 7.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 15,038 shares of the scientific and technical instruments company’s stock valued at $286,000 after buying an additional 1,007 shares during the last quarter. First Trust Advisors LP raised its stake in Transcat by 18.7% in the fourth quarter. First Trust Advisors LP now owns 12,203 shares of the scientific and technical instruments company’s stock valued at $232,000 after buying an additional 1,923 shares during the last quarter. BlackRock Inc. raised its stake in Transcat by 11.4% in the fourth quarter. BlackRock Inc. now owns 25,976 shares of the scientific and technical instruments company’s stock valued at $494,000 after buying an additional 2,654 shares during the last quarter. Vanguard Group Inc. raised its stake in Transcat by 1.6% in the third quarter. Vanguard Group Inc. now owns 253,133 shares of the scientific and technical instruments company’s stock valued at $5,785,000 after buying an additional 3,945 shares during the last quarter. Finally, Vanguard Group Inc raised its stake in Transcat by 1.6% in the third quarter. Vanguard Group Inc now owns 253,133 shares of the scientific and technical instruments company’s stock valued at $5,785,000 after buying an additional 3,945 shares during the last quarter. Institutional investors own 59.18% of the company’s stock.

About Transcat

Transcat, Inc provides calibration and laboratory instrument services in North America and internationally. It operates in 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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