Transcontinental (TCLAF) Projected to Post Quarterly Earnings on Wednesday

Transcontinental (OTCMKTS:TCLAF) is projected to issue its results after the market closes on Wednesday, September 9th. Analysts expect Transcontinental to announce earnings of $0.2689 per share and revenue of $210.53 million for the quarter.

Transcontinental Price Performance

Transcontinental stock opened at $3.87 on Tuesday. The stock has a 50-day simple moving average of $3.92 and a 200 day simple moving average of $6.00. Transcontinental has a 12-month low of $3.07 and a 12-month high of $18.33.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Transcontinental in a research report on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Transcontinental Company Profile

Transcontinental Inc is a Canada-based company specializing in printing and flexible packaging solutions. Through its print segment, the company provides commercial printing, specialty media and label products for a range of industries, including publishing, retail and healthcare. Its flexible packaging segment designs and manufactures printed and laminated films, pouches, wrappers and labels used primarily in food and beverage, personal care, home care and pharmaceutical markets.

Founded in 1976 by Rémi Marcoux, Transcontinental has evolved from a regional printing operation into one of North America’s largest printers and a leading flexible-packaging manufacturer.