Transcat (TRNS) Scheduled to Post Earnings on Monday

Transcat (NASDAQ:TRNS - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Monday, October 28th. Analysts expect Transcat to post earnings of $0.47 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Transcat (NASDAQ:TRNS - Get Free Report) last released its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.20. Transcat had a net margin of 5.69% and a return on equity of 8.48%. The firm had revenue of $66.70 million during the quarter, compared to analyst estimates of $69.35 million. During the same quarter in the previous year, the business earned $0.38 EPS. The business's quarterly revenue was up 10.1% compared to the same quarter last year. On average, analysts expect Transcat to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Transcat Stock Performance

TRNS traded up $0.25 during trading on Monday, reaching $132.70. 34,766 shares of the company's stock were exchanged, compared to its average volume of 50,457. The company's fifty day moving average price is $123.11 and its 200-day moving average price is $121.76. Transcat has a fifty-two week low of $84.45 and a fifty-two week high of $147.12. The firm has a market capitalization of $1.21 billion, a PE ratio of 78.36 and a beta of 0.67.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TRNS shares. Craig Hallum reduced their price target on shares of Transcat from $150.00 to $138.00 and set a "buy" rating on the stock in a research report on Wednesday, July 31st. HC Wainwright reissued a "buy" rating and set a $156.00 price target on shares of Transcat in a research report on Tuesday, July 30th. Two investment 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, Transcat has an average rating of "Moderate Buy" and a consensus target price of $151.33.

Transcat Company Profile

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.