Transcat, Inc. (NASDAQ:TRNS - Free Report) - Northland Capmk decreased their FY2025 earnings estimates for shares of Transcat in a research report issued to clients and investors on Wednesday, October 30th. Northland Capmk analyst E. Jackson now expects that the scientific and technical instruments company will earn $1.88 per share for the year, down from their prior forecast of $2.00. The consensus estimate for Transcat's current full-year earnings is $2.06 per share. Northland Capmk also issued estimates for Transcat's FY2027 earnings at $2.69 EPS and FY2028 earnings at $2.99 EPS.
Several other equities research analysts have also issued reports on the company. StockNews.com lowered Transcat from a "hold" rating to a "sell" rating in a research report on Tuesday. Oppenheimer restated an "outperform" rating and issued a $130.00 price target (down from $155.00) on shares of Transcat in a research report on Wednesday. Northland Securities lowered their price objective on shares of Transcat from $130.00 to $110.00 and set a "market perform" rating for the company in a research report on Wednesday. HC Wainwright reissued a "buy" rating and issued a $156.00 target price on shares of Transcat in a report on Tuesday. Finally, Craig Hallum lowered their target price on Transcat from $138.00 to $113.00 and set a "buy" rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $127.25.
Read Our Latest Stock Analysis on Transcat
Transcat Stock Down 0.2 %
NASDAQ:TRNS traded down $0.16 during trading hours on Friday, reaching $95.41. 120,824 shares of the stock were exchanged, compared to its average volume of 53,096. The stock has a market capitalization of $873.00 million, a P/E ratio of 48.19 and a beta of 0.67. The firm has a 50 day simple moving average of $121.71 and a 200-day simple moving average of $121.89. Transcat has a 52 week low of $84.45 and a 52 week high of $147.12.
Transcat (NASDAQ:TRNS - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The scientific and technical instruments company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.12). The company had revenue of $67.83 million for the quarter, compared to the consensus estimate of $70.30 million. Transcat had a return on equity of 7.62% and a net margin of 6.63%. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS.
Institutional Investors Weigh In On Transcat
A number of hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd acquired a new stake in Transcat in the first quarter worth about $619,000. Calamos Advisors LLC boosted its holdings in shares of Transcat by 76.0% in the second quarter. Calamos Advisors LLC now owns 15,441 shares of the scientific and technical instruments company's stock valued at $1,848,000 after acquiring an additional 6,667 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of Transcat by 26.4% during the second quarter. First Horizon Advisors Inc. now owns 599 shares of the scientific and technical instruments company's stock valued at $72,000 after acquiring an additional 125 shares during the period. Quest Partners LLC bought a new stake in Transcat during the second quarter worth approximately $109,000. Finally, Annex Advisory Services LLC lifted its position in Transcat by 61.4% in the third quarter. Annex Advisory Services LLC now owns 16,568 shares of the scientific and technical instruments company's stock worth $2,001,000 after purchasing an additional 6,304 shares during the period. Institutional investors own 98.34% of the company's stock.
About Transcat
(
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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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