TransAct Technologies Incorporated (TACT) Scheduled to Post Quarterly Earnings on Wednesday
TransAct Technologies Incorporated (NASDAQ:TACT) is scheduled to announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.12 per share for the quarter.
TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.06. TransAct Technologies had a net margin of 7.27% and a return on equity of 16.68%. The company had revenue of $13.60 million during the quarter, compared to the consensus estimate of $14.35 million. On average, analysts expect TransAct Technologies to post $0.53 EPS for the current fiscal year and $0.62 EPS for the next fiscal year.
TransAct Technologies Incorporated (TACT) traded down 2.02% during trading on Wednesday, hitting $9.70. 4,927 shares of the stock were exchanged. TransAct Technologies Incorporated has a 52 week low of $5.89 and a 52 week high of $10.60. The firm’s 50-day moving average is $9.68 and its 200 day moving average is $9.07. The firm has a market cap of $71.42 million, a PE ratio of 18.23 and a beta of 0.73.
A number of research analysts have recently issued reports on TACT shares. B. Riley reiterated a “buy” rating and set a $11.00 price objective on shares of TransAct Technologies in a report on Monday, August 7th. ValuEngine upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Finally, Zacks Investment Research cut shares of TransAct Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th.
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In related news, CFO Steven A. Demartino sold 3,348 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $9.33, for a total transaction of $31,236.84. Following the transaction, the chief financial officer now directly owns 45,653 shares in the company, valued at $425,942.49. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Steven A. Demartino sold 2,583 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $9.75, for a total transaction of $25,184.25. Following the transaction, the chief financial officer now owns 47,419 shares in the company, valued at $462,335.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,360 shares of company stock worth $352,752. 11.57% of the stock is owned by corporate insiders.
A hedge fund recently raised its stake in TransAct Technologies stock. Northern Trust Corp increased its position in shares of TransAct Technologies Incorporated (NASDAQ:TACT) by 7.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,419 shares of the technology company’s stock after purchasing an additional 1,730 shares during the quarter. Northern Trust Corp owned approximately 0.36% of TransAct Technologies worth $223,000 as of its most recent SEC filing. 37.24% of the stock is owned by hedge funds and other institutional investors.
About TransAct Technologies
TransAct Technologies Incorporated (TransAct) designs, develops and sells market-specific solutions, including printers, terminals, software and other products for transaction-based and other industries. The Company operates through the segment, which includes design, development, assembly and marketing of transaction printers and terminals, and providing printer and terminal related software, services, supplies and spare parts.
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