Barrington Research Weighs in on TransAct Technologies Incorporated’s Q2 2022 Earnings (NASDAQ:TACT)

TransAct Technologies Incorporated (NASDAQ:TACTGet Rating) – Barrington Research lowered their Q2 2022 earnings per share (EPS) estimates for shares of TransAct Technologies in a research note issued on Wednesday, May 11th. Barrington Research analyst C. Howe now expects that the technology company will post earnings per share of ($0.35) for the quarter, down from their previous forecast of ($0.22). Barrington Research also issued estimates for TransAct Technologies’ Q4 2022 earnings at ($0.18) EPS, FY2022 earnings at ($1.17) EPS and FY2023 earnings at ($0.74) EPS.

TransAct Technologies (NASDAQ:TACTGet Rating) last announced its earnings results on Wednesday, March 9th. The technology company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.04. The company had revenue of $11.12 million during the quarter, compared to analyst estimates of $10.24 million. TransAct Technologies had a negative net margin of 14.59% and a negative return on equity of 26.52%. During the same period in the previous year, the business posted ($0.22) earnings per share.

A number of other research firms have also weighed in on TACT. StockNews.com assumed coverage on shares of TransAct Technologies in a research report on Friday. They issued a “hold” rating for the company. Zacks Investment Research upgraded shares of TransAct Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, May 11th. Craig Hallum dropped their price target on shares of TransAct Technologies from $20.00 to $12.00 in a research report on Thursday, March 10th. Finally, Roth Capital dropped their price target on shares of TransAct Technologies from $21.00 to $14.00 in a research report on Thursday, March 10th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $13.67.

TACT opened at $4.89 on Monday. The firm has a market cap of $48.46 million, a P/E ratio of -7.76 and a beta of 1.85. TransAct Technologies has a 1-year low of $4.81 and a 1-year high of $17.18. The company has a 50 day simple moving average of $7.05 and a two-hundred day simple moving average of $9.31.

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in TransAct Technologies by 238.0% during the third quarter. Barclays PLC now owns 2,552 shares of the technology company’s stock valued at $35,000 after purchasing an additional 1,797 shares in the last quarter. Manatuck Hill Partners LLC purchased a new stake in shares of TransAct Technologies in the third quarter valued at $209,000. Morgan Stanley raised its stake 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 during the period. Potomac Capital Management Inc. purchased a new stake in shares of TransAct Technologies in the fourth quarter valued at $448,000. Finally, Geode Capital Management LLC raised its stake 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 during the period. 74.60% 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.

Further Reading

Receive News & Ratings for TransAct Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAct Technologies and related companies with MarketBeat.com's FREE daily email newsletter.