$11.78 Million in Sales Expected for TransAct Technologies Incorporated (NASDAQ:TACT) This Quarter

Brokerages expect TransAct Technologies Incorporated (NASDAQ:TACTGet Rating) to report sales of $11.78 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for TransAct Technologies’ earnings, with estimates ranging from $10.77 million to $12.78 million. TransAct Technologies posted sales of $9.33 million during the same quarter last year, which suggests a positive year-over-year growth rate of 26.3%. The company is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that TransAct Technologies will report full-year sales of $50.59 million for the current fiscal year, with estimates ranging from $46.22 million to $54.96 million. For the next financial year, analysts expect that the company will post sales of $69.24 million, with estimates ranging from $61.24 million to $77.25 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover TransAct Technologies.

TransAct Technologies (NASDAQ:TACTGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The technology company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.21). TransAct Technologies had a negative net margin of 14.59% and a negative return on equity of 26.51%. The firm had revenue of $9.70 million during the quarter, compared to analyst estimates of $11.48 million.

TACT has been the topic of a number of analyst reports. StockNews.com began coverage on shares of TransAct Technologies in a report on Saturday. They issued a “hold” rating on the stock. 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. Zacks Investment Research downgraded shares of TransAct Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, May 17th. Craig Hallum dropped their target price on shares of TransAct Technologies from $20.00 to $12.00 in a research report on Thursday, March 10th. Finally, Roth Capital dropped their target price on shares of TransAct Technologies from $21.00 to $14.00 in a research report on Thursday, March 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.67.

A number of institutional investors have recently modified their holdings of the business. 325 Capital LLC grew its position in TransAct Technologies by 6.5% during the 1st quarter. 325 Capital LLC now owns 1,011,789 shares of the technology company’s stock worth $7,143,000 after purchasing an additional 61,909 shares during the last quarter. Harbert Fund Advisors Inc. grew its position in TransAct Technologies by 4.7% during the 3rd quarter. Harbert Fund Advisors Inc. now owns 604,061 shares of the technology company’s stock worth $8,396,000 after purchasing an additional 26,947 shares during the last quarter. Wasatch Advisors Inc. grew its position in TransAct Technologies by 17.2% during the 4th quarter. Wasatch Advisors Inc. now owns 567,805 shares of the technology company’s stock worth $6,189,000 after purchasing an additional 83,338 shares during the last quarter. Uniplan Investment Counsel Inc. grew its position in TransAct Technologies by 22.2% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 391,653 shares of the technology company’s stock worth $5,443,000 after purchasing an additional 71,187 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in TransAct Technologies by 1.4% during the 4th quarter. Renaissance Technologies LLC now owns 349,547 shares of the technology company’s stock worth $3,810,000 after purchasing an additional 4,910 shares during the last quarter. 74.60% of the stock is currently owned by institutional investors.

Shares of TACT traded up $0.05 during midday trading on Wednesday, reaching $4.27. The stock had a trading volume of 15,220 shares, compared to its average volume of 48,010. TransAct Technologies has a 1-year low of $4.16 and a 1-year high of $17.18. The company’s fifty day simple moving average is $6.59 and its two-hundred day simple moving average is $8.83. The company has a market cap of $42.32 million, a price-to-earnings ratio of -6.78 and a beta of 1.85.

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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