TransAct Technologies (TACT) to Release Earnings on Thursday

TransAct Technologies (NASDAQ:TACT) is set to issue its quarterly earnings data after the market closes on Thursday, May 3rd. Analysts expect the company to announce earnings of $0.18 per share for the quarter.

TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings data on Monday, March 5th. The technology company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). TransAct Technologies had a net margin of 5.70% and a return on equity of 17.83%. The business had revenue of $13.19 million during the quarter, compared to analysts’ expectations of $14.84 million.

Shares of TransAct Technologies stock opened at $12.70 on Thursday. TransAct Technologies has a 52 week low of $8.15 and a 52 week high of $15.80. The stock has a market capitalization of $93.77, a PE ratio of 21.17 and a beta of 1.04.

TransAct Technologies declared that its Board of Directors has approved a stock buyback plan on Monday, March 5th that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

TACT has been the topic of a number of research analyst reports. ValuEngine upgraded TransAct Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research downgraded TransAct Technologies from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Finally, B. Riley reiterated a “buy” rating and issued a $17.00 target price (up from $13.00) on shares of TransAct Technologies in a research report on Friday, January 26th.

In related news, Director Thomas R. Schwarz sold 12,500 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $11.79, for a total value of $147,375.00. Following the sale, the director now directly owns 59,859 shares in the company, valued at $705,737.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 13.22% of the stock is currently owned by insiders.

A hedge fund recently raised its stake in TransAct Technologies stock. Northern Trust Corp increased its position in TransAct Technologies Incorporated (NASDAQ:TACT) by 7.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,419 shares of the technology company’s stock after buying an additional 1,730 shares during the period. Northern Trust Corp owned 0.36% of TransAct Technologies worth $223,000 at the end of the most recent quarter. Institutional investors own 39.36% of the company’s stock.

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About TransAct Technologies

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.

Earnings History for TransAct Technologies (NASDAQ:TACT)

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