S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
Log in

Zacks: Brokerages Anticipate TransAct Technologies Incorporated (NASDAQ:TACT) Will Post Quarterly Sales of $7.66 Million

Thursday, January 14, 2021 | MarketBeat

Equities analysts predict that TransAct Technologies Incorporated (NASDAQ:TACT) will report sales of $7.66 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for TransAct Technologies' earnings. The lowest sales estimate is $7.58 million and the highest is $7.75 million. TransAct Technologies posted sales of $11.16 million in the same quarter last year, which suggests a negative year-over-year growth rate of 31.4%. The business is expected to announce its next earnings report on Tuesday, March 9th.

On average, analysts expect that TransAct Technologies will report full year sales of $30.49 million for the current fiscal year, with estimates ranging from $30.41 million to $30.58 million. For the next fiscal year, analysts expect that the business will post sales of $41.76 million, with estimates ranging from $40.72 million to $42.80 million. Zacks' sales calculations are a mean average based on a survey of research firms that follow TransAct Technologies.

TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings data on Thursday, November 5th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.15) by $0.04. TransAct Technologies had a negative return on equity of 12.71% and a negative net margin of 8.50%. The business had revenue of $7.30 million during the quarter, compared to analysts' expectations of $7.17 million.

TACT has been the topic of a number of recent analyst reports. Roth Capital started coverage on TransAct Technologies in a report on Monday, November 2nd. They issued a "buy" rating and a $16.00 price objective on the stock. ValuEngine raised TransAct Technologies from a "buy" rating to a "strong-buy" rating in a report on Tuesday, December 1st. Finally, Barrington Research initiated coverage on TransAct Technologies in a report on Monday, November 2nd. They set an "outperform" rating and a $16.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of "Buy" and an average price target of $12.00.

A number of large investors have recently made changes to their positions in the stock. M&T Bank Corp lifted its position in TransAct Technologies by 43.2% in the third quarter. M&T Bank Corp now owns 31,500 shares of the technology company's stock valued at $158,000 after purchasing an additional 9,500 shares during the period. Acuitas Investments LLC lifted its position in shares of TransAct Technologies by 23.7% during the 3rd quarter. Acuitas Investments LLC now owns 129,299 shares of the technology company's stock valued at $647,000 after acquiring an additional 24,760 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of TransAct Technologies during the 2nd quarter valued at approximately $127,000. Finally, Harbert Fund Advisors Inc. lifted its position in shares of TransAct Technologies by 13.0% during the 3rd quarter. Harbert Fund Advisors Inc. now owns 513,911 shares of the technology company's stock valued at $2,570,000 after acquiring an additional 59,213 shares during the period. Hedge funds and other institutional investors own 42.83% of the company's stock.

NASDAQ:TACT opened at $9.36 on Thursday. TransAct Technologies has a 12 month low of $2.87 and a 12 month high of $11.33. The stock has a 50 day moving average of $8.29 and a two-hundred day moving average of $6.38. The company has a current ratio of 3.64, a quick ratio of 1.41 and a debt-to-equity ratio of 0.09. The firm has a market cap of $83.58 million, a P/E ratio of -21.27 and a beta of 2.25.

About TransAct Technologies

TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. Its thermal and inkjet printers and terminals to generates labels, coupons, and transaction records, such as receipts, tickets, and other documents, as well as printed logging and plotting of data.

Further Reading: volatile stocks

Get a free copy of the Zacks research report on TransAct Technologies (TACT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


Best Growth Stocks - Best Stocks to Buy Now

The stock market has been growing since the New York Stock Exchange opened its doors in 1817. Sometimes, a stock will outpace the rest of the market in terms of growth. These skyrocketing securities—or the ones that analysts expect to skyrocket—are called growth stocks.

What Every Investor Needs to Know About Growth Stocks

Growth stocks are a great opportunity for an investor to make money in the stock market, but you’ve got to know what you’re going to buy or sell. A good understanding of growth stocks will help you get there.

At the beginning of a bull market, you can almost choose stocks randomly and find yourself a winner. Now that we are entering the current bull market's ninth year, growth stocks have appreciated considerably. It's becoming far more challenging to find stocks with real opportunities for appreciation.

Growth companies are still largely outperforming their value counterparts in the United States and the rest of the world largely because of low-interest rates, improved corporate earnings, and global economic growth. Over the last five years, the S&P 500 Growth Index has returned 14.22% per year. During the same time, the S&P 500 Value Index returned just 12.94%.

Now that the bull market is now nearly a decade old, stocks have become very expensive. Value investors are largely sitting on the sidelines, and growth investors have a hard time figuring out where the remaining growth opportunities exist.

If you are looking for growth stocks in an increasingly small field, we have identified the 10 best growth stocks to buy right now based on their expected earnings growth over the next several years. These companies are all growing rapidly and will likely see double-digit earnings growth next year.

View the "Best Growth Stocks - Best Stocks to Buy Now".

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.