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Transcat (TRNS) Stock Price, News & Analysis

Transcat logo
$103.42 -4.61 (-4.27%)
(As of 11/15/2024 ET)

About Transcat Stock (NASDAQ:TRNS)

Key Stats

Today's Range
$102.95
$108.65
50-Day Range
$95.41
$132.76
52-Week Range
$89.39
$147.12
Volume
91,919 shs
Average Volume
102,082 shs
Market Capitalization
$951.46 million
P/E Ratio
52.23
Dividend Yield
N/A
Price Target
$127.25
Consensus Rating
Moderate Buy

Company Overview

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. This segment also provides CalTrak, a proprietary document and asset management system that is used to manage the workflow of its calibration service centers and customers' assets; and Compliance, Control and Cost, an online customer portal that provides its customers with web-based asset management capability, as well as a safe and secure off-site archive of calibration and other service records. The Distribution segment sells and rents test, measurement, and control instruments for customers' test and measurement instrumentation needs, as well as value added services, such as calibration/certification of equipment purchase, equipment rental, used equipment for sale, and equipment kitting. This segment markets and sells its products through website, digital and print advertising, proactive outbound sales, and an inbound call center. The company provides services and products to highly regulated industries, principally life science, which includes companies in the pharmaceutical, biotechnology, medical device, and other FDA-regulated industries; and additional industries, including aerospace and defense industrial manufacturing, energy and utilities, and other industries that require accuracy in processes and confirmation of the capabilities of their equipment. Transcat, Inc. was incorporated in 1964 and is headquartered in Rochester, New York.

Transcat Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
65th Percentile Overall Score

TRNS MarketRank™: 

Transcat scored higher than 65% of companies evaluated by MarketBeat, and ranked 336th out of 659 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Transcat has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Transcat has only been the subject of 4 research reports in the past 90 days.

  • Read more about Transcat's stock forecast and price target.
  • Earnings Growth

    Earnings for Transcat are expected to grow by 19.89% in the coming year, from $1.76 to $2.11 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Transcat is 52.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.62.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Transcat is 52.23, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 201.80.

  • Price to Book Value per Share Ratio

    Transcat has a P/B Ratio of 3.54. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Transcat's valuation and earnings.
  • Percentage of Shares Shorted

    3.64% of the outstanding shares of Transcat have been sold short.
  • Short Interest Ratio / Days to Cover

    Transcat has a short interest ratio ("days to cover") of 4.5.
  • Change versus previous month

    Short interest in Transcat has recently increased by 15.27%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Transcat does not currently pay a dividend.

  • Dividend Growth

    Transcat does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    3.64% of the outstanding shares of Transcat have been sold short.
  • Short Interest Ratio / Days to Cover

    Transcat has a short interest ratio ("days to cover") of 4.5.
  • Change versus previous month

    Short interest in Transcat has recently increased by 15.27%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Transcat has a news sentiment score of 1.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for Transcat this week, compared to 2 articles on an average week.
  • MarketBeat Follows

    1 people have added Transcat to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Transcat insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.30% of the stock of Transcat is held by insiders.

  • Percentage Held by Institutions

    98.34% of the stock of Transcat is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Transcat's insider trading history.
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TRNS Stock News Headlines

Transcat, Inc. (NASDAQ:TRNS) Receives $127.25 Average PT from Analysts
Transcat price target lowered to $126 from $156 at H.C. Wainwright
📉 Warning: Market Crash Predicted - Secure Your Savings
The last time the "Buffett Indicator" flashed this red was in 2000 - right before the market crashed 50%.
Transcat price target lowered to $113 from $138 at Craig-Hallum
Oppenheimer Sticks to Its Buy Rating for Transcat (TRNS)
See More Headlines

TRNS Stock Analysis - Frequently Asked Questions

Transcat's stock was trading at $109.33 at the beginning of the year. Since then, TRNS stock has decreased by 5.4% and is now trading at $103.42.
View the best growth stocks for 2024 here
.

Transcat, Inc. (NASDAQ:TRNS) issued its earnings results on Monday, October, 28th. The scientific and technical instruments company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by $0.12. The company's quarterly revenue was up 8.0% on a year-over-year basis.

Transcat's top institutional shareholders include Conestoga Capital Advisors LLC (9.91%), Wasatch Advisors LP (7.20%), Royce & Associates LP (5.59%) and Champlain Investment Partners LLC (4.45%). Insiders that own company stock include Lee D Rudow, Carl E Sassano, Richard J Harrison, Charles P Hadeed, Scott Deverell, James M Jenkins, Craig D Cairns and Gary J Haseley.
View institutional ownership trends
.

Shares of TRNS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Transcat investors own include Tesla (TSLA), NVIDIA (NVDA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Meta Platforms (META), Home Depot (HD) and Netflix (NFLX).

Company Calendar

Last Earnings
10/28/2024
Today
11/17/2024
Next Earnings (Estimated)
2/03/2025
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Instruments to measure electricity
Sub-Industry
Measuring And Control Equipment
Current Symbol
NASDAQ:TRNS
Employees
1,104
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$127.25
High Stock Price Target
$156.00
Low Stock Price Target
$110.00
Potential Upside/Downside
+23.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$13.65 million
Pretax Margin
8.43%

Debt

Sales & Book Value

Annual Sales
$259.48 million
Cash Flow
$3.08 per share
Book Value
$29.22 per share

Miscellaneous

Free Float
8,987,000
Market Cap
$951.46 million
Optionable
Optionable
Beta
0.69

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This page (NASDAQ:TRNS) was last updated on 11/17/2024 by MarketBeat.com Staff
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