$11.48 Million in Sales Expected for TransAct Technologies Incorporated (NASDAQ:TACT) This Quarter

Analysts expect that TransAct Technologies Incorporated (NASDAQ:TACTGet Rating) will report $11.48 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for TransAct Technologies’ earnings, with the highest sales estimate coming in at $11.85 million and the lowest estimate coming in at $11.10 million. TransAct Technologies posted sales of $8.30 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 38.3%. The firm is expected to announce its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that TransAct Technologies will report full year sales of $53.27 million for the current fiscal year, with estimates ranging from $51.58 million to $54.96 million. For the next fiscal year, analysts expect that the business will post sales of $72.56 million, with estimates ranging from $67.87 million to $77.25 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for TransAct Technologies.

TransAct Technologies (NASDAQ:TACTGet Rating) last released its earnings results on Wednesday, March 9th. The technology company reported ($0.19) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.04. The company had revenue of $11.12 million for the quarter, compared to analyst estimates of $10.24 million. TransAct Technologies had a negative net margin of 10.52% and a negative return on equity of 22.43%. During the same period in the prior year, the business earned ($0.22) EPS.

A number of brokerages have recently weighed in on TACT. Craig Hallum reduced their price objective on shares of TransAct Technologies from $20.00 to $12.00 in a report on Thursday, March 10th. Zacks Investment Research upgraded shares of TransAct Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, April 12th. StockNews.com began coverage on shares of TransAct Technologies in a report on Wednesday. They issued a “hold” rating on the stock. Roth Capital reduced their price objective on shares of TransAct Technologies from $21.00 to $14.00 in a report on Thursday, March 10th. Finally, Barrington Research dropped their target price on shares of TransAct Technologies from $20.00 to $15.00 in a research report on Thursday, March 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, TransAct Technologies currently has an average rating of “Buy” and a consensus price target of $13.67.

Shares of TACT opened at $6.60 on Wednesday. TransAct Technologies has a twelve month low of $6.22 and a twelve month high of $17.18. The firm’s fifty day simple moving average is $7.70 and its 200-day simple moving average is $9.94.

Institutional investors have recently modified their holdings of the business. Barclays PLC grew its position in TransAct Technologies by 238.0% during the 3rd quarter. Barclays PLC now owns 2,552 shares of the technology company’s stock worth $35,000 after purchasing an additional 1,797 shares during the last quarter. Manatuck Hill Partners LLC purchased a new stake in shares of TransAct Technologies in the third quarter valued at about $209,000. Morgan Stanley boosted its holdings in shares of TransAct Technologies by 6.6% in the second quarter. Morgan Stanley now owns 18,266 shares of the technology company’s stock valued at $251,000 after acquiring an additional 1,134 shares in the last quarter. Potomac Capital Management Inc. purchased a new stake in shares of TransAct Technologies in the fourth quarter valued at about $448,000. Finally, Geode Capital Management LLC boosted its holdings in shares of TransAct Technologies by 45.7% in the third quarter. Geode Capital Management LLC now owns 64,676 shares of the technology company’s stock valued at $898,000 after acquiring an additional 20,274 shares in the last quarter. 68.41% of the stock is currently owned by institutional investors.

About TransAct Technologies (Get Rating)

TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. Its thermal printers and terminals to generates labels, coupons, and transaction records, such as receipts, tickets, and other documents, as well as printed logging and plotting of data.

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