Transcat Inc

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 of 30% for the fourth quarter ...Full story available on Benzinga.com

Related tickers: TRNS.

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, the current average has risen from the previous average price target of $123.00. Investigating Analyst Ratings: An Elaborate Study An in-depth analysis of recent analyst actions unveils how financial experts perceive Transcat. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Martin Yang Oppenheimer Raises Outperform $160.00 $125.00 Scott Buck HC Wainwright & Co. Raises Buy $156.00 $124.00 Martin Yang Oppenheimer Raises Outperform $125.00 $120.00 Scott Buck HC Wainwright & Co. Maintains Buy $124.00 - Key Insights: Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Transcat. This insight gives a snapshot of analysts' perspectives on the current state of the company. Rating: Providing ...Full story available on Benzinga.com

Related tickers: TRNS.