Tactile Systems Technology, Inc. (NASDAQ:TCMD) Expected to Post Earnings of -$0.10 Per Share

Wall Street analysts predict that Tactile Systems Technology, Inc. (NASDAQ:TCMD) will announce earnings per share (EPS) of ($0.10) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Tactile Systems Technology’s earnings, with the lowest EPS estimate coming in at ($0.17) and the highest estimate coming in at ($0.06). Tactile Systems Technology reported earnings of ($0.07) per share during the same quarter last year, which suggests a negative year over year growth rate of 42.9%. The business is scheduled to announce its next quarterly earnings report on Monday, May 3rd.

On average, analysts expect that Tactile Systems Technology will report full year earnings of $0.35 per share for the current year, with EPS estimates ranging from $0.18 to $0.47. For the next financial year, analysts expect that the firm will post earnings of $0.81 per share, with EPS estimates ranging from $0.74 to $0.87. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Tactile Systems Technology.

Tactile Systems Technology (NASDAQ:TCMD) last released its earnings results on Tuesday, February 23rd. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.39. Tactile Systems Technology had a positive return on equity of 1.37% and a negative net margin of 4.57%.

A number of brokerages have weighed in on TCMD. TheStreet raised Tactile Systems Technology from a “d+” rating to a “c” rating in a report on Tuesday, February 23rd. BTIG Research raised their target price on Tactile Systems Technology from $51.00 to $60.00 and gave the stock an “in-line” rating in a research report on Monday, January 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Tactile Systems Technology has an average rating of “Hold” and a consensus price target of $59.00.

Shares of Tactile Systems Technology stock traded up $0.79 on Friday, hitting $53.34. The stock had a trading volume of 107 shares, compared to its average volume of 173,167. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -116.78, a price-to-earnings-growth ratio of 10.36 and a beta of 1.69. Tactile Systems Technology has a twelve month low of $30.31 and a twelve month high of $64.53. The business’s 50 day moving average is $52.81 and its two-hundred day moving average is $45.94.

Institutional investors have recently bought and sold shares of the business. Marshall Wace North America L.P. bought a new position in shares of Tactile Systems Technology during the 1st quarter worth approximately $25,000. Dimension Capital Management LLC bought a new stake in shares of Tactile Systems Technology in the 3rd quarter worth approximately $69,000. Vantage Consulting Group Inc bought a new stake in shares of Tactile Systems Technology in the 4th quarter worth approximately $78,000. US Bancorp DE raised its holdings in shares of Tactile Systems Technology by 21.4% in the 3rd quarter. US Bancorp DE now owns 4,848 shares of the company’s stock worth $177,000 after purchasing an additional 854 shares during the period. Finally, ProShare Advisors LLC bought a new stake in Tactile Systems Technology during the 4th quarter valued at $200,000.

About Tactile Systems Technology

Tactile Systems Technology, Inc, a medical technology company, engages in the development and provision of medical devices for chronic diseases in the United States. The company offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema; and Entre system, a portable pneumatic compression device that is used for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers.

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