Northland Capmk Reduces Earnings Estimates for Transcat

Transcat, Inc. (NASDAQ:TRNS - Free Report) - Stock analysts at Northland Capmk lowered their FY2026 earnings estimates for Transcat in a report issued on Wednesday, June 4th. Northland Capmk analyst E. Jackson now anticipates that the scientific and technical instruments company will earn $2.00 per share for the year, down from their prior forecast of $2.37. The consensus estimate for Transcat's current full-year earnings is $2.30 per share. Northland Capmk also issued estimates for Transcat's FY2027 earnings at $2.24 EPS, FY2028 earnings at $2.57 EPS, FY2029 earnings at $2.92 EPS and FY2030 earnings at $3.30 EPS.

Transcat (NASDAQ:TRNS - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The scientific and technical instruments company reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.02). The firm had revenue of $77.13 million during the quarter, compared to the consensus estimate of $76.40 million. Transcat had a return on equity of 7.23% and a net margin of 6.22%. The company's quarterly revenue was up 8.8% compared to the same quarter last year.

Several other equities analysts also recently commented on TRNS. HC Wainwright reissued a "buy" rating and issued a $116.00 target price (up previously from $106.00) on shares of Transcat in a report on Wednesday, May 21st. Wall Street Zen raised shares of Transcat from a "sell" rating to a "hold" rating in a report on Wednesday, May 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $114.00.

Transcat Stock Performance

TRNS opened at $77.98 on Monday. The firm has a market cap of $726.62 million, a P/E ratio of 42.15 and a beta of 0.75. Transcat has a 1-year low of $67.56 and a 1-year high of $147.12. The company has a 50 day simple moving average of $82.20 and a two-hundred day simple moving average of $88.07. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.42 and a quick ratio of 1.98.

Hedge Funds Weigh In On Transcat

Several hedge funds have recently modified their holdings of TRNS. Centiva Capital LP raised its stake in Transcat by 6.0% during the fourth quarter. Centiva Capital LP now owns 3,009 shares of the scientific and technical instruments company's stock valued at $318,000 after purchasing an additional 171 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Transcat by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 27,916 shares of the scientific and technical instruments company's stock valued at $2,078,000 after purchasing an additional 172 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Transcat by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,137 shares of the scientific and technical instruments company's stock valued at $543,000 after purchasing an additional 194 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in Transcat by 3.4% during the first quarter. Diamond Hill Capital Management Inc. now owns 6,353 shares of the scientific and technical instruments company's stock valued at $473,000 after purchasing an additional 210 shares in the last quarter. Finally, US Bancorp DE raised its stake in Transcat by 14.6% during the first quarter. US Bancorp DE now owns 1,770 shares of the scientific and technical instruments company's stock valued at $132,000 after purchasing an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.

About Transcat

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.

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