Transcat (NASDAQ:TRNS) released its quarterly earnings results on Wednesday. The scientific and technical instruments company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04, Fidelity Earnings reports. The firm had revenue of $42.45 million during the quarter, compared to analyst estimates of $40.70 million. Transcat had a net margin of 3.82% and a return on equity of 11.10%.
Shares of Transcat opened at $17.97 on Friday, MarketBeat reports. Transcat has a 52-week low of $11.80 and a 52-week high of $18.65. The firm has a market capitalization of $126.78 million, a P/E ratio of 25.31, a P/E/G ratio of 2.45 and a beta of 0.40. The company has a quick ratio of 1.38, a current ratio of 1.98 and a debt-to-equity ratio of 0.50.
A number of research analysts have recently commented on the stock. Roth Capital assumed coverage on shares of Transcat in a research report on Friday, February 9th. They set a “buy” rating and a $20.00 price target for the company. Zacks Investment Research upgraded shares of Transcat from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Wednesday, February 14th. ValuEngine upgraded shares of Transcat from a “hold” rating to a “buy” rating in a research report on Wednesday, April 11th. Finally, Singular Research boosted their price target on shares of Transcat from $15.30 to $20.00 and gave the company a “buy” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Transcat currently has an average rating of “Buy” and a consensus price target of $19.25.
Transcat Company Profile
Transcat, Inc provides calibration and laboratory instrument services in the United States, Canada, and internationally. It operates in two segments, Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting, and other related services.
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