Transcat (TRNS) Issues Quarterly Earnings Results
Transcat (NASDAQ:TRNS) released its quarterly earnings data on Tuesday. The scientific and technical instruments company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.09, Fidelity Earnings reports. The firm had revenue of $44.49 million for the quarter, compared to analyst estimates of $41.90 million. Transcat had a net margin of 4.44% and a return on equity of 13.05%.
Transcat stock opened at $25.10 on Thursday. The company has a market capitalization of $173.81 million, a price-to-earnings ratio of 25.38, a P/E/G ratio of 2.97 and a beta of 0.90. The company has a current ratio of 2.16, a quick ratio of 1.45 and a debt-to-equity ratio of 0.40. Transcat has a twelve month low of $17.30 and a twelve month high of $26.96.
TRNS has been the topic of several research reports. ValuEngine upgraded shares of Transcat from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded shares of Transcat from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Saturday, February 2nd.
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Transcat Company Profile
Transcat, Inc provides calibration and laboratory instrument services in North America and internationally. It operates in 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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