NASDAQ:TRNS

Transcat (TRNS) Stock Forecast, Price & News

$92.46

-2.73 (-2.87%)

(As of 10/3/2023 ET)

Compare

Today's Range: $92.46
▼
$95.05
50-Day Range: $83.70
▼
$114.48
52-Week Range: $65.60
▼
$115.41

Volume: 31,860 shs
Average Volume: 46,671 shs
Market Capitalization: $736.91 million

P/E Ratio: 67.00
Dividend Yield: N/A
Price Target: $105.50

Transcat MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 14.1% Upside
$105.50 Price Target
Short Interest: Healthy
1.50% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$1.12 M Sold Last Quarter
Proj. Earnings Growth: 16.87%
From $1.66 to $1.94 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Computer And Technology Sector

186th out of 605 stocks

Instruments To Measure Electricity Industry

4th out of 8 stocks

2.5

Analyst's Opinion

Consensus Rating
Transcat has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $105.50, Transcat has a forecasted upside of 14.1% from its current price of $92.46.
Amount of Analyst Coverage
Transcat has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.50% of the outstanding shares of Transcat have been sold short.
Short Interest Ratio / Days to Cover
Transcat has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Transcat has recently increased by 18.05%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Transcat does not currently pay a dividend.
Dividend Growth
Transcat does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TRNS.

2.7

News and Social Media Coverage

News Sentiment
Transcat has a news sentiment score of 1.83. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Transcat this week, compared to 1 article on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Transcat insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,124,099.00 in company stock.
Percentage Held by Insiders
Only 4.20% of the stock of Transcat is held by insiders.
Percentage Held by Institutions
89.75% of the stock of Transcat is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Transcat are expected to grow by 16.87% in the coming year, from $1.66 to $1.94 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Transcat is 67.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.24.
Price to Earnings Ratio vs. Sector
The P/E ratio of Transcat is 67.00, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 234.42.
Price to Book Value per Share Ratio
Transcat has a P/B Ratio of 7.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Transcat (NASDAQ:TRNS) Stock

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. This segment also provides CalTrak, a proprietary document and asset management system that is used to manage the workflow of its calibration service centers and customers' assets; and Compliance, Control and Cost, an online customer portal that provides its customers with web-based asset management capability, as well as a safe and secure off-site archive of calibration and other service records. The Distribution segment sells and rents test, measurement, and control instruments for customers' test and measurement instrumentation needs, as well as value added services, such as calibration/certification of equipment purchase, equipment rental, used equipment for sale, and equipment kitting. This segment markets and sells its products through website, digital and print advertising, proactive outbound sales, and an inbound call center. The company provides services and products to highly regulated industries, principally life science, which includes companies in the pharmaceutical, biotechnology, medical device, and other FDA-regulated industries; and additional industries, including aerospace and defense industrial manufacturing, energy and utilities, and other industries that require accuracy in processes and confirmation of the capabilities of their equipment. Transcat, Inc. was incorporated in 1964 and is headquartered in Rochester, New York.

TRNS Price History

30 days | 90 days | 365 days | Advanced Chart

TRNS Stock News Headlines

September 21, 2023 | markets.businessinsider.com

Why Transcat Shares Are Sliding Today

September 21, 2023 | marketwatch.com

Transcat Shares Drop 10% After Public Offering Prices

October 3, 2023 | Investor Place Media (Ad)

Elon Musk May Have Just Changed Everything

Quantum computing, 3D Printing and Gene-Editing are 3 most disruptive pieces of technology in recent times. None compare to a project Elon Musk released which could mint the world’s first trillionaire.

September 21, 2023 | finance.yahoo.com

Transcat, Inc. Prices $70 Million Public Offering of Common Stock

September 20, 2023 | marketwatch.com

Transcat Shares Fall 8.4% After Announcing Public Offering

September 20, 2023 | finance.yahoo.com

Transcat, Inc. Announces Proposed Public Offering of Common Stock

September 15, 2023 | finance.yahoo.com

Transcat, Inc. (TRNS) Is a Great Choice for 'Trend' Investors, Here's Why

September 6, 2023 | finance.yahoo.com

Transcat, Inc. (TRNS) Moves 9.1% Higher: Will This Strength Last?

October 3, 2023 | Investor Place Media (Ad)

Elon Musk May Have Just Changed Everything

September 1, 2023 | finance.yahoo.com

3 Reasons Growth Investors Will Love Transcat, Inc. (TRNS)

August 30, 2023 | finance.yahoo.com

Here's Why Momentum in Transcat, Inc. (TRNS) Should Keep going

August 16, 2023 | finance.yahoo.com

Here is Why Growth Investors Should Buy Transcat, Inc. (TRNS) Now

August 15, 2023 | seekingalpha.com

Transcat: Performing Well But Currently Overvalued

August 13, 2023 | finance.yahoo.com

With 80% ownership, Transcat, Inc. (NASDAQ:TRNS) boasts of strong institutional backing

August 11, 2023 | markets.businessinsider.com

Craig-Hallum Reaffirms Their Buy Rating on Transcat (TRNS)

August 3, 2023 | finance.yahoo.com

Transcat Inc (TRNS): A High-Performing Industrial Distribution Stock with an Impressive GF ...

August 1, 2023 | markets.businessinsider.com

H.C. Wainwright Remains a Buy on Transcat (TRNS)

August 1, 2023 | seekingalpha.com

Transcat, Inc. 2024 Q1 - Results - Earnings Call Presentation

August 1, 2023 | finance.yahoo.com

Transcat, Inc. (TRNS) Q1 Earnings and Revenues Surpass Estimates

August 1, 2023 | finance.yahoo.com

Transcat, Inc. (TRNS) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

July 31, 2023 | finance.yahoo.com

Transcat Reports Strong First Quarter Results on Double-Digit Organic Service Growth and Expanding Gross Margins

July 21, 2023 | finance.yahoo.com

Should Weakness in Transcat, Inc.'s (NASDAQ:TRNS) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?

July 17, 2023 | finance.yahoo.com

Transcat Announces First Quarter Fiscal Year 2024 Conference Call and Webcast

July 12, 2023 | finance.yahoo.com

Transcat Extends Its Professional Services Business With Acquisition of SteriQual, Inc.

June 13, 2023 | finance.yahoo.com

Investors in Transcat (NASDAQ:TRNS) have seen fantastic returns of 347% over the past five years

May 25, 2023 | finance.yahoo.com

Transcat (TRNS) Stock Exceeded Expectations in Q1

May 24, 2023 | markets.businessinsider.com

Transcat (TRNS) Gets a Buy from H.C. Wainwright

See More Headlines

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TRNS Company Calendar

Last Earnings: 7/31/2023
Today: 10/03/2023
Next Earnings (Estimated): 10/30/2023
Fiscal Year End: 3/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Instruments to measure electricity
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:TRNS
CUSIP: N/A
CIK: 99302
Web: www.transcat.com
Phone: (585) 352-7777
Fax: 585-352-1486
Employees: 1,030
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $105.50
High Stock Price Forecast: $112.00
Low Stock Price Forecast: $94.00
Forecasted Upside/Downside: +12.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.38
Trailing P/E Ratio: 67.69
Forward P/E Ratio: 56.27
P/E Growth: N/A
Net Income: $10.69 million
Net Margins: 4.47%
Pretax Margin: 5.84%
Return on Equity: 10.62%
Return on Assets: 5.46%

Debt

Debt-to-Equity Ratio: 0.42
Current Ratio: 2.68
Quick Ratio: 2.04

Sales & Book Value

Annual Sales: $230.57 million
Price / Sales: 3.23
Cash Flow: $2.73 per share
Price / Cash Flow: 34.23
Book Value: $13.18 per share
Price / Book: 7.09

Miscellaneous

Outstanding Shares: 7,970,000
Free Float: 7,636,000
Market Cap: $744.48 million
Optionable: Not Optionable
Beta: 0.68

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Key Executives

Mr. Lee D. Rudow (Age 59)
Pres, CEO & Director
Comp: $816.46k

Mr. Thomas Barbato (Age 54)
CFO & Treasurer
Comp: $398.09k

Mr. Mark A. Doheny (Age 51)
Chief Operating Officer
Comp: $399.69k

Mr. James M. Jenkins J.D. (Age 59)
Chief Legal Officer, Corp. Devel. Officer & Corp. Sec.
Comp: $403.63k

Ms. Theresa A. Conroy (Age 59)
Sr. VP of HR
Comp: $294.66k

Mr. Scott D. Deverell (Age 57)
Corp. Controller & Principal Accounting Officer

Ms. Marcy Bosley (Age 44)
VP of Sales

Mr. Michael W. West (Age 52)
Sr. VP of Bus. Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TRNS Stock - Frequently Asked Questions

Should I buy or sell Transcat stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Transcat in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TRNS shares.
View TRNS analyst ratings or view top-rated stocks.
What is Transcat's stock price forecast for 2023?: 4 Wall Street analysts have issued 1-year price targets for Transcat's shares. Their TRNS share price forecasts range from $94.00 to $112.00. On average, they expect the company's share price to reach $105.50 in the next year. This suggests a possible upside of 12.9% from the stock's current price.
View analysts price targets for TRNS or view top-rated stocks among Wall Street analysts.
How have TRNS shares performed in 2023?: Transcat's stock was trading at $70.87 at the beginning of 2023. Since then, TRNS shares have increased by 31.8% and is now trading at $93.41.
View the best growth stocks for 2023 here.
When is Transcat's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our TRNS earnings forecast.
How were Transcat's earnings last quarter?: Transcat, Inc. (NASDAQ:TRNS) posted its quarterly earnings results on Monday, July, 31st. The scientific and technical instruments company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.11. The scientific and technical instruments company earned $60.60 million during the quarter, compared to the consensus estimate of $59.63 million. Transcat had a net margin of 4.47% and a trailing twelve-month return on equity of 10.62%.
What ETFs hold Transcat's stock?: ETFs with the largest weight of Transcat (NASDAQ:TRNS) stock in their portfolio include Invesco DWA SmallCap Momentum ETF (DWAS).AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).

What is Lee Rudow's approval rating as Transcat's CEO?: 20 employees have rated Transcat Chief Executive Officer Lee Rudow on Glassdoor.com. Lee Rudow has an approval rating of 69% among the company's employees.
What other stocks do shareholders of Transcat own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Transcat investors own include Altria Group (MO), AT&T (T), Allena Pharmaceuticals (ALNA), Actinium Pharmaceuticals (ATNM), British American Tobacco (BTI), CBL & Associates Properties (CBL), Walt Disney (DIS), Verizon Communications (VZ), Cisco Systems (CSCO) and
What is Transcat's stock symbol?: Transcat trades on the NASDAQ under the ticker symbol "TRNS."
How do I buy shares of Transcat?: Shares of TRNS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Transcat's stock price today?: One share of TRNS stock can currently be purchased for approximately $93.41.
How much money does Transcat make?: Transcat (NASDAQ:TRNS) has a market capitalization of $744.48 million and generates $230.57 million in revenue each year. The scientific and technical instruments company earns $10.69 million in net income (profit) each year or $1.38 on an earnings per share basis.
How many employees does Transcat have?: The company employs 1,030 workers across the globe.
How can I contact Transcat?: Transcat's mailing address is 35 VANTAGE POINT DRIVE, ROCHESTER NY, 14624. The official website for the company is www.transcat.com. The scientific and technical instruments company can be reached via phone at (585) 352-7777, via email at mtschiderer@transcat.com, or via fax at 585-352-1486.

This page (NASDAQ:TRNS) was last updated on 10/3/2023 by MarketBeat.com Staff

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