Transact Technologies (TACT) Misses Q4 EPS by 1c

Transact Technologies (NASDAQ: TACT) reported Q4 EPS of $0.07, $0.01 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $12.1 million versus the consensus estimate of $13.02 million.

As of December 31, 2015, TransAct had approximately $4.5 million of cash and cash equivalents and no debt. During the 2015 fourth quarter, the Company paid a dividend to shareholders of $0.08 per share. Through its regular quarterly dividend and the repurchase of common stock earlier in the year, TransAct returned approximately $3.5 million to shareholders in 2015. The Company’s Board of Directors recently approved a new share repurchase plan under which TransAct is authorized to purchase up to $5 million of its outstanding shares of common stock from time to time in the open market through December 31, 2017. As of December 31, 2015, TransAct had approximately $4.5 million of cash and cash equivalents and no debt. During the 2015 fourth quarter, the Company paid a dividend to shareholders of $0.08 per share. Through its regular quarterly dividend and the repurchase of common stock earlier in the year, TransAct returned approximately $3.5 million to shareholders in 2015. The Company’s Board of Directors recently approved a new share repurchase plan under which TransAct is authorized to purchase up to $5 million of its outstanding shares of common stock from time to time in the open market through December 31, 2017.

For earnings history and earnings-related data on Transact Technologies (TACT) click here.

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