Analysts Anticipate TransAct Technologies Incorporated (TACT) to Post $0.14 Earnings Per Share
Shares of TransAct Technologies Incorporated (NASDAQ:TACT) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a one year consensus price objective of $13.00 for the company and are forecasting that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also assigned TransAct Technologies an industry rank of 61 out of 265 based on the ratings given to its competitors.
Several equities analysts have recently commented on TACT shares. B. Riley reiterated a “buy” rating and set a $11.00 target price on shares of TransAct Technologies in a research note on Monday, August 7th. ValuEngine upgraded TransAct Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research cut TransAct Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th.
Shares of TransAct Technologies (TACT) traded up $0.05 during trading hours on Tuesday, reaching $12.95. 27,800 shares of the company’s stock traded hands, compared to its average volume of 15,612. TransAct Technologies has a one year low of $6.00 and a one year high of $14.15. The firm has a market capitalization of $95.39, a P/E ratio of 19.25 and a beta of 0.74.
TransAct Technologies (NASDAQ:TACT) last released its earnings results on Wednesday, November 1st. The technology company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.12. The company had revenue of $15.52 million during the quarter, compared to analysts’ expectations of $14.58 million. TransAct Technologies had a return on equity of 19.99% and a net margin of 8.78%. equities analysts predict that TransAct Technologies will post 0.62 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 20th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Friday, November 17th. TransAct Technologies’s dividend payout ratio (DPR) is currently 54.55%.
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In related news, CFO Steven A. Demartino sold 3,293 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $9.70, for a total transaction of $31,942.10. Following the transaction, the chief financial officer now directly owns 47,419 shares in the company, valued at $459,964.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Bart C. Shuldman sold 11,950 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $13.03, for a total value of $155,708.50. Following the transaction, the chairman now owns 17,814 shares in the company, valued at $232,116.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,062 shares of company stock valued at $1,169,159. Company insiders own 13.22% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. B. Riley Financial Inc. lifted its stake in TransAct Technologies by 80.3% during the third quarter. B. Riley Financial Inc. now owns 132,047 shares of the technology company’s stock worth $1,305,000 after purchasing an additional 58,793 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in TransAct Technologies by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 243,683 shares of the technology company’s stock worth $2,376,000 after purchasing an additional 5,607 shares during the last quarter. Macquarie Group Ltd. bought a new position in TransAct Technologies during the third quarter worth $123,000. Northern Trust Corp lifted its stake in TransAct Technologies by 7.0% during the second quarter. Northern Trust Corp now owns 26,419 shares of the technology company’s stock worth $223,000 after purchasing an additional 1,730 shares during the last quarter. Finally, LSV Asset Management lifted its stake in TransAct Technologies by 55.5% during the second quarter. LSV Asset Management now owns 50,600 shares of the technology company’s stock worth $430,000 after purchasing an additional 18,070 shares during the last quarter. Hedge funds and other institutional investors own 36.85% of the company’s stock.
TransAct Technologies Company Profile
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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