TransAct Technologies (TACT) Set to Announce Earnings on Tuesday

TransAct Technologies (NASDAQ:TACT) is set to issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. TransAct Technologies has set its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings results on Tuesday, March 12th. The technology company reported ($0.01) EPS for the quarter. TransAct Technologies had a return on equity of 15.96% and a net margin of 6.54%. The firm had revenue of $13.27 million for the quarter, compared to analyst estimates of $13.90 million.

TransAct Technologies Stock Performance

Shares of NASDAQ:TACT opened at $5.18 on Friday. TransAct Technologies has a 52 week low of $4.50 and a 52 week high of $9.44. The company’s 50 day moving average is $5.47 and its two-hundred day moving average is $6.46. The company has a market cap of $51.59 million, a PE ratio of 11.02 and a beta of 1.86.

Analyst Ratings Changes

TACT has been the topic of several recent analyst reports. StockNews.com assumed coverage on TransAct Technologies in a report on Tuesday, April 30th. They issued a “buy” rating on the stock. Craig Hallum cut their target price on TransAct Technologies from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Wednesday, March 13th.

About TransAct Technologies

TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents.