Techprecision (NASDAQ:TPCS) Announces Quarterly Earnings Results

Techprecision (NASDAQ:TPCS) issued its quarterly earnings data on Monday. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $8.08 million during the quarter. Techprecision had a negative net margin of 3.43% and a negative return on equity of 13.31%.

Here are the key takeaways from Techprecision’s conference call:

• TechPrecision’s fiscal Q4 revenue fell 15% year over year to $8.1 million, and gross profit dropped to $1.1 million, hurt by weaker performance at both Ranor and Stadco.
• Stadco’s profitability was pressured by customer-furnished material delays and delays in customer analysis/disposition of non-conformances, leaving Q4 gross profit at just $28,000.
• The company expects a meaningful turnaround in fiscal 2027, guiding to $35 million-$37 million in revenue and $3 million-$4 million in EBITDA, with management calling guidance a major step forward.
• Management said the company has a strong backlog of $52 million in funded orders, plus about $25 million of unfunded purchase orders, supporting revenue visibility over the next one to three years.
• TechPrecision highlighted improving customer confidence, ongoing CapEx-funded equipment upgrades at Ranor, and a strategic shift toward more repeatable, better-priced work at Stadco as key drivers of future margin expansion.

Techprecision Stock Performance

NASDAQ:TPCS opened at $3.48 on Tuesday. Techprecision has a 1 year low of $2.88 and a 1 year high of $6.25. The stock has a market cap of $34.83 million, a price-to-earnings ratio of -29.00 and a beta of 0.46. The business has a fifty day moving average of $3.86 and a 200-day moving average of $4.11.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Techprecision in a report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Techprecision currently has a consensus rating of “Sell”.

Institutional Trading of Techprecision

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Techprecision by 22.9% during the third quarter. Vanguard Group Inc. now owns 323,830 shares of the industrial products company’s stock valued at $1,723,000 after acquiring an additional 60,364 shares during the period. Rothschild Wealth LLC purchased a new position in Techprecision during the 4th quarter valued at about $559,000. Geode Capital Management LLC grew its position in Techprecision by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 96,055 shares of the industrial products company’s stock valued at $464,000 after purchasing an additional 3,448 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Techprecision by 112.6% during the 4th quarter. NewEdge Advisors LLC now owns 53,327 shares of the industrial products company’s stock valued at $258,000 after buying an additional 28,242 shares during the period. Finally, Diversify Advisory Services LLC grew its holdings in shares of Techprecision by 11.1% during the 3rd quarter. Diversify Advisory Services LLC now owns 27,924 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 2,782 shares in the last quarter. 15.52% of the stock is currently owned by institutional investors.

About Techprecision

TechPrecision, Inc (NASDAQ:TPCS) specializes in the design, engineering and manufacture of high-precision automated machinery and turnkey production solutions. The company’s core offerings include assembly, test and inspection equipment, servo-electric press systems and custom packaging machines tailored for industries with stringent quality and regulatory requirements. TechPrecision’s products support medical device, pharmaceutical, consumer goods and industrial applications, delivering end-to-end services from concept development and prototyping to full-scale production and after-market support.

Founded in 1987 and headquartered in Fredericksburg, Virginia, TechPrecision operates two primary manufacturing facilities: its U.S.