Transcat (NASDAQ:TRNS - Get Free Report) issued its earnings results on Monday. The scientific and technical instruments company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.12), Zacks reports. Transcat had a return on equity of 8.48% and a net margin of 5.69%. The firm had revenue of $67.83 million during the quarter, compared to analyst estimates of $70.30 million. During the same period in the previous year, the company earned $0.41 earnings per share. The business's revenue for the quarter was up 8.0% on a year-over-year basis.
Transcat Stock Performance
Shares of NASDAQ TRNS traded down $20.06 during mid-day trading on Tuesday, reaching $99.45. 245,433 shares of the company traded hands, compared to its average volume of 51,566. The stock has a market cap of $909.97 million, a PE ratio of 58.85 and a beta of 0.67. The company's fifty day moving average is $123.33 and its two-hundred day moving average is $122.34. Transcat has a fifty-two week low of $84.45 and a fifty-two week high of $147.12.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on TRNS shares. Craig Hallum lowered their price objective on Transcat from $150.00 to $138.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. HC Wainwright reissued a "buy" rating and set a $156.00 price objective on shares of Transcat in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $151.33.
Get Our Latest Stock Analysis on TRNS
Transcat Company Profile
(
Get Free Report)
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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