Equities Analysts Set Expectations for Tactile Systems Technology Inc’s FY2018 Earnings (TCMD)

Tactile Systems Technology Inc (NASDAQ:TCMD) – Research analysts at Piper Jaffray Companies increased their FY2018 EPS estimates for shares of Tactile Systems Technology in a report issued on Monday, January 7th. Piper Jaffray Companies analyst J. Mckim now expects that the company will post earnings per share of $0.29 for the year, up from their prior estimate of $0.26. Piper Jaffray Companies currently has a “Positive” rating and a $80.00 target price on the stock. Piper Jaffray Companies also issued estimates for Tactile Systems Technology’s Q4 2018 earnings at $0.12 EPS, Q4 2019 earnings at $0.26 EPS, FY2019 earnings at $0.40 EPS and FY2020 earnings at $0.61 EPS.

Several other equities research analysts have also recently weighed in on TCMD. BidaskClub cut Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 22nd. Zacks Investment Research cut Tactile Systems Technology from a “strong-buy” rating to a “hold” rating in a research note on Saturday, October 27th. BTIG Research reaffirmed a “hold” rating on shares of Tactile Systems Technology in a research note on Tuesday, November 6th. ValuEngine cut Tactile Systems Technology from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Finally, Northland Securities raised Tactile Systems Technology from an “under perform” rating to a “market perform” rating in a report on Wednesday, January 2nd. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Tactile Systems Technology presently has an average rating of “Buy” and a consensus target price of $65.50.

Shares of TCMD stock opened at $62.13 on Thursday. The firm has a market capitalization of $1.11 billion, a P/E ratio of 295.86, a PEG ratio of 13.87 and a beta of 1.74. Tactile Systems Technology has a twelve month low of $27.87 and a twelve month high of $73.24.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings results on Monday, November 5th. The company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.04. The company had revenue of $36.30 million for the quarter, compared to analysts’ expectations of $34.22 million. Tactile Systems Technology had a return on equity of 8.53% and a net margin of 4.92%. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 earnings per share.

Institutional investors have recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group boosted its holdings in Tactile Systems Technology by 611.9% in the third quarter. Rehmann Capital Advisory Group now owns 1,075 shares of the company’s stock worth $76,000 after acquiring an additional 924 shares in the last quarter. Riverhead Capital Management LLC bought a new position in shares of Tactile Systems Technology during the third quarter valued at $156,000. SG Americas Securities LLC bought a new position in shares of Tactile Systems Technology during the second quarter valued at $175,000. First Mercantile Trust Co. lifted its holdings in shares of Tactile Systems Technology by 57.1% during the third quarter. First Mercantile Trust Co. now owns 2,696 shares of the company’s stock valued at $192,000 after purchasing an additional 980 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in shares of Tactile Systems Technology during the second quarter valued at $208,000. 95.59% of the stock is currently owned by institutional investors and hedge funds.

In other Tactile Systems Technology news, SVP Maggie Thompson sold 18,793 shares of the business’s stock in a transaction on Tuesday, January 8th. The stock was sold at an average price of $51.00, for a total value of $958,443.00. Following the sale, the senior vice president now directly owns 11,553 shares of the company’s stock, valued at $589,203. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Robert J. Folkes sold 3,044 shares of the business’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $45.42, for a total value of $138,258.48. Following the completion of the sale, the chief operating officer now directly owns 107,770 shares in the company, valued at $4,894,913.40. The disclosure for this sale can be found here. Insiders sold 116,822 shares of company stock worth $6,725,674 over the last three months. Corporate insiders own 8.70% of the company’s stock.

Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc is a medical technology company, which develops and provides innovative medical devices for the treatment of chronic diseases at home. The company focus on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures.

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