Analysts Anticipate TransAct Technologies Incorporated (TACT) to Announce $0.13 Earnings Per Share

TransAct Technologies Incorporated (NASDAQ:TACT) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus price target of $16.50 for the company and are expecting that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also assigned TransAct Technologies an industry rank of 81 out of 257 based on the ratings given to related companies.

TACT has been the topic of a number of analyst reports. B. Riley reaffirmed a “buy” rating on shares of TransAct Technologies in a research report on Friday, August 3rd. Zacks Investment Research raised TransAct Technologies from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Tuesday, August 7th. Finally, ValuEngine cut TransAct Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday.

In other news, Chairman Bart C. Shuldman sold 3,462 shares of TransAct Technologies stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $14.40, for a total transaction of $49,852.80. Following the transaction, the chairman now directly owns 19,854 shares of the company’s stock, valued at approximately $285,897.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.53% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of TACT. Dimensional Fund Advisors LP lifted its holdings in TransAct Technologies by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 295,092 shares of the technology company’s stock worth $3,689,000 after purchasing an additional 7,428 shares in the last quarter. Cadence Capital Management LLC lifted its holdings in TransAct Technologies by 16.1% in the 3rd quarter. Cadence Capital Management LLC now owns 173,396 shares of the technology company’s stock worth $2,497,000 after purchasing an additional 24,046 shares in the last quarter. Cowen Prime Services LLC lifted its holdings in TransAct Technologies by 5.4% in the 2nd quarter. Cowen Prime Services LLC now owns 163,291 shares of the technology company’s stock worth $2,041,000 after purchasing an additional 8,299 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in TransAct Technologies by 23.8% in the 2nd quarter. Acadian Asset Management LLC now owns 73,585 shares of the technology company’s stock worth $920,000 after purchasing an additional 14,156 shares in the last quarter. Finally, Manatuck Hill Partners LLC purchased a new position in TransAct Technologies in the 2nd quarter worth approximately $246,000. 41.33% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TACT stock traded down $0.23 during trading hours on Monday, reaching $12.37. 48,086 shares of the company traded hands, compared to its average volume of 22,483. TransAct Technologies has a 12-month low of $10.41 and a 12-month high of $15.95. The stock has a market cap of $96.94 million, a P/E ratio of 20.62 and a beta of 0.67.

TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.09. TransAct Technologies had a return on equity of 21.41% and a net margin of 7.23%. The firm had revenue of $15.84 million for the quarter, compared to analysts’ expectations of $15.49 million. As a group, equities analysts forecast that TransAct Technologies will post 0.71 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 20th will be given a dividend of $0.09 per share. The ex-dividend date is Monday, November 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.91%. TransAct Technologies’s payout ratio is currently 60.00%.

TransAct Technologies Company Profile

TransAct Technologies Incorporated designs, develops, assembles, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal, inkjet, and impact printers and terminals to generate labels and transaction records, such as receipts, tickets, coupons, register journals, and other documents, as well as printed logging and plotting of data.

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