HC Wainwright & Co. reiterated coverage on Transcat with a new price target
$TRNS
Electrical Products
Industrials
HC Wainwright & Co. reiterated coverage of Transcat with a rating of Buy and set a new price target of $73.00 from $66.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/22/2024 | Outperform → Market Perform | Northland Capital | |
| 10/17/2023 | $110.00 | Outperform | Oppenheimer |
| 9/15/2022 | $100.00 | Outperform | Northland Capital |
| 12/20/2021 | $95.00 → $105.00 | Buy | HC Wainwright & Co. |
| 11/4/2021 | $73.00 → $95.00 | Buy | HC Wainwright & Co. |
| 7/29/2021 | $66.00 → $73.00 | Buy | HC Wainwright & Co. |
Northland Capital downgraded Transcat from Outperform to Market Perform
Oppenheimer initiated coverage of Transcat with a rating of Outperform and set a new price target of $110.00
Northland Capital initiated coverage of Transcat with a rating of Outperform and set a new price target of $100.00
4 - TRANSCAT INC (0000099302) (Issuer)
Transcat, Inc. (NASDAQ:TRNS) reported better-than-expected fourth-quarter financial results, after the closing bell on Monday. Transcat posted adjusted earnings of 66 cents per share, beating market estimates of 53 cents per share. The company's quarterly sales came in at $70.913 million versus expectations of $68.595 million, according to data from Benzinga Pro. “We are extremely pleased with our fourth quarter and full year fiscal 2024 results as double-digit organic Service revenue growth and increased productivity drove Service gross margin expansion while Distribution gross margins soared due to growth in Rentals,” commented Lee D. Rudow, President and CEO. “Adjusted EBITDA growth
4 analysts have expressed a variety of opinions on Transcat (NASDAQ:TRNS) over the past quarter, offering a diverse set of opinions from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 0 0 0 Last 30D 1 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 1 0 0 0 3M Ago 0 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $141.25, along with a high estimate of $160.00 and a low estimate of $124.00. Observing a 14.84% increase
Consolidated Revenue grew 8% compared to prior year Distribution Gross Profit grew 10% on double-digit Revenue growth Services Gross Profit grew 4% driven by 4% Organic Revenue growth Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, today reported financial results for its second quarter ended September 28, 2024 (the "second quarter") of fiscal year 2025, which ends March 29, 2025 ("fiscal 2025"). Results include the previously reported acquisitions of TIC-MS, In
Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, announced that it will release its second quarter fiscal year 2025 results after the close of financial markets on Monday, October 28, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Second Quarter Fiscal Year 2025 Conference Call Tuesday, October 29, 2024 11:
Consolidated Gross Profit grew 21.1% on double-digit Revenue growth Distribution gross margins expanded 620 basis points on strength of rentals Service gross margins expanded 150 basis points on organic growth of 6.4% and improved productivity Consolidated adjusted EBITDA grew 20.4% with margins expanding 130 basis points Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, today reported financial results for its first quarter ended June 29, 2024 (the "first q
SC 13G/A - TRANSCAT INC (0000099302) (Subject)
SC 13G/A - TRANSCAT INC (0000099302) (Subject)
SC 13G/A - TRANSCAT INC (0000099302) (Subject)
10-Q - TRANSCAT INC (0000099302) (Filer)
8-K - TRANSCAT INC (0000099302) (Filer)
8-K - TRANSCAT INC (0000099302) (Filer)
4 - TRANSCAT INC (0000099302) (Issuer)
3 - TRANSCAT INC (0000099302) (Issuer)
4 - TRANSCAT INC (0000099302) (Issuer)
Mark Doheny to step down as Chief Operating Officer Current Senior Vice President of Operations Mike West will oversee the Company's Operations as new Chief Operating Officer Effective Immediately Transcat Inc. (NASDAQ:TRNS) (the "Company" or "Transcat"), a leading provider of accredited calibration services, cost control and optimization services, and value-added rental/distribution of professional grade handheld test, measurement, and control instrumentation, today announced that Mark Doheny will step down as Chief Operating Officer of Transcat effective immediately. Mr. Doheny will be retained as a consultant to assist with a transition through October 2024. We are excited to annou
Consolidated Revenue grew 8% compared to prior year Distribution Gross Profit grew 10% on double-digit Revenue growth Services Gross Profit grew 4% driven by 4% Organic Revenue growth Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, today reported financial results for its second quarter ended September 28, 2024 (the "second quarter") of fiscal year 2025, which ends March 29, 2025 ("fiscal 2025"). Results include the previously reported acquisitions of TIC-MS, In
Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, announced that it will release its second quarter fiscal year 2025 results after the close of financial markets on Monday, October 28, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Second Quarter Fiscal Year 2025 Conference Call Tuesday, October 29, 2024 11:
Consolidated Gross Profit grew 21.1% on double-digit Revenue growth Distribution gross margins expanded 620 basis points on strength of rentals Service gross margins expanded 150 basis points on organic growth of 6.4% and improved productivity Consolidated adjusted EBITDA grew 20.4% with margins expanding 130 basis points Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, today reported financial results for its first quarter ended June 29, 2024 (the "first q