Dougherty & Co Comments on Transcat, Inc.’s FY2019 Earnings (TRNS)

Transcat, Inc. (NASDAQ:TRNS) – Stock analysts at Dougherty & Co issued their FY2019 earnings per share estimates for Transcat in a note issued to investors on Monday. Dougherty & Co analyst R. Ryan expects that the scientific and technical instruments company will earn $0.73 per share for the year.

Other research analysts also recently issued reports about the stock. Singular Research initiated coverage on shares of Transcat in a research report on Wednesday, November 15th. They set a “buy” rating and a $15.30 price objective for the company. Zacks Investment Research upgraded shares of Transcat from a “sell” rating to a “hold” rating in a research report on Tuesday.

Transcat (NASDAQ TRNS) opened at $13.50 on Thursday. Transcat has a 1 year low of $10.49 and a 1 year high of $15.15. The company has a market cap of $96.45, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 3.25 and a beta of 0.45. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.53 and a current ratio of 2.24.

Several large investors have recently made changes to their positions in TRNS. Neuberger Berman Group LLC increased its holdings in shares of Transcat by 3.1% during the second quarter. Neuberger Berman Group LLC now owns 164,993 shares of the scientific and technical instruments company’s stock worth $2,005,000 after buying an additional 4,900 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Transcat by 9.5% during the second quarter. Northern Trust Corp now owns 18,062 shares of the scientific and technical instruments company’s stock worth $220,000 after buying an additional 1,570 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Transcat by 3.4% during the second quarter. Vanguard Group Inc. now owns 133,579 shares of the scientific and technical instruments company’s stock worth $1,623,000 after buying an additional 4,450 shares in the last quarter. Punch & Associates Investment Management Inc. increased its holdings in shares of Transcat by 16.8% during the second quarter. Punch & Associates Investment Management Inc. now owns 314,658 shares of the scientific and technical instruments company’s stock worth $3,823,000 after buying an additional 45,308 shares in the last quarter. Finally, QCI Asset Management Inc. NY increased its holdings in shares of Transcat by 31.1% during the third quarter. QCI Asset Management Inc. NY now owns 32,234 shares of the scientific and technical instruments company’s stock worth $437,000 after buying an additional 7,647 shares in the last quarter. Institutional investors own 56.69% of the company’s stock.

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About Transcat

Transcat, Inc is a provider of calibration and laboratory instrument services and a distributor of professional grade test, measurement and control instrumentation. The Company conducts its business through two segments: service (Service) and distribution (Distribution). Through the Service segment, the Company offers calibration, repair, inspection, analytical qualifications, preventative maintenance and other related services, a majority of which are processed through its asset management system, CalTrak (CalTrak).

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