Transcat (NASDAQ:TRNS) Releases Earnings Results, Beats Expectations By $0.07 EPS

Transcat (NASDAQ:TRNS) posted its earnings results on Monday. The scientific and technical instruments company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07, Zacks reports. Transcat had a net margin of 6.63% and a return on equity of 7.36%.

Transcat Stock Down 0.2 %

TRNS stock traded down $0.19 during mid-day trading on Monday, reaching $99.31. The company had a trading volume of 90,896 shares, compared to its average volume of 89,219. The stock has a market capitalization of $913.65 million, a P/E ratio of 50.16 and a beta of 0.71. The stock’s 50-day simple moving average is $105.40 and its two-hundred day simple moving average is $115.59. Transcat has a one year low of $94.29 and a one year high of $147.12.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TRNS. Northland Securities dropped their target price on Transcat from $130.00 to $110.00 and set a “market perform” rating on the stock in a report on Wednesday, October 30th. Oppenheimer restated an “outperform” rating and issued a $130.00 target price (down from $155.00) on shares of Transcat in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Transcat from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Craig Hallum upped their price objective on shares of Transcat from $113.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $156.00 target price on shares of Transcat in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Transcat presently has an average rating of “Hold” and an average target price of $130.25.

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.