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

Transcat (NASDAQ:TRNS) issued its quarterly earnings results on Monday. The scientific and technical instruments company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07, Zacks reports. Transcat had a return on equity of 7.36% and a net margin of 6.63%.

Transcat Stock Down 0.2 %

Shares of NASDAQ:TRNS traded down $0.19 during midday trading on Monday, hitting $99.31. 90,751 shares of the stock traded hands, compared to its average volume of 89,219. Transcat has a one year low of $94.29 and a one year high of $147.12. The stock has a market capitalization of $913.65 million, a PE ratio of 50.16 and a beta of 0.71. The business’s 50 day moving average is $105.40 and its two-hundred day moving average is $115.59.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Oppenheimer reissued an “outperform” rating and set a $130.00 price target (down previously from $155.00) on shares of Transcat in a research report on Wednesday, October 30th. HC Wainwright reissued a “buy” rating and set a $156.00 price target on shares of Transcat in a research note on Tuesday, October 29th. Northland Securities lowered their target price on Transcat from $130.00 to $110.00 and set a “market perform” rating for the company in a research report on Wednesday, October 30th. Craig Hallum increased their price objective on shares of Transcat from $113.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, StockNews.com lowered shares of Transcat from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.