Analysts Expect Tactile Systems Technology Inc (NASDAQ:TCMD) to Announce $0.11 EPS

Equities research analysts forecast that Tactile Systems Technology Inc (NASDAQ:TCMD) will post $0.11 earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for Tactile Systems Technology’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.06. Tactile Systems Technology reported earnings per share of $0.09 in the same quarter last year, which would suggest a positive year over year growth rate of 22.2%. The firm is scheduled to issue its next earnings report after the market closes on Monday, November 4th.

On average, analysts expect that Tactile Systems Technology will report full year earnings of $0.60 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $0.73. For the next year, analysts forecast that the firm will report earnings of $0.59 per share, with EPS estimates ranging from $0.50 to $0.68. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Tactile Systems Technology.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings results on Monday, August 5th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.05 by $0.09. Tactile Systems Technology had a net margin of 5.05% and a return on equity of 9.19%. The firm had revenue of $45.20 million during the quarter, compared to the consensus estimate of $42.60 million. During the same quarter in the prior year, the firm earned $0.13 EPS. Tactile Systems Technology’s revenue for the quarter was up 32.4% on a year-over-year basis.

TCMD has been the subject of several research reports. ValuEngine upgraded shares of Tactile Systems Technology from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. BTIG Research upgraded shares of Tactile Systems Technology from a “neutral” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Wednesday, August 7th. TheStreet upgraded shares of Tactile Systems Technology from a “d+” rating to a “c+” rating in a research report on Monday, July 29th. Zacks Investment Research upgraded shares of Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Wednesday, October 9th. Finally, BidaskClub upgraded shares of Tactile Systems Technology from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Tactile Systems Technology has a consensus rating of “Buy” and a consensus price target of $72.14.

In other news, SVP Bryan Rishe sold 4,812 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $54.31, for a total transaction of $261,339.72. Following the transaction, the senior vice president now directly owns 50,674 shares of the company’s stock, valued at approximately $2,752,104.94. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Robert J. Folkes sold 2,106 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $54.65, for a total transaction of $115,092.90. Following the transaction, the chief operating officer now directly owns 88,890 shares in the company, valued at $4,857,838.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,904 shares of company stock valued at $2,529,194. 6.50% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of TCMD. Marshall Wace LLP grew its stake in shares of Tactile Systems Technology by 6,820.2% during the 1st quarter. Marshall Wace LLP now owns 330,855 shares of the company’s stock worth $17,443,000 after purchasing an additional 326,074 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of Tactile Systems Technology during the 1st quarter worth $25,000. Rehmann Capital Advisory Group grew its stake in shares of Tactile Systems Technology by 747.9% during the 1st quarter. Rehmann Capital Advisory Group now owns 9,115 shares of the company’s stock worth $481,000 after purchasing an additional 8,040 shares during the period. Cortina Asset Management LLC grew its stake in shares of Tactile Systems Technology by 16.5% during the 2nd quarter. Cortina Asset Management LLC now owns 305,650 shares of the company’s stock worth $17,398,000 after purchasing an additional 43,399 shares during the period. Finally, WINTON GROUP Ltd grew its stake in shares of Tactile Systems Technology by 4.0% during the 2nd quarter. WINTON GROUP Ltd now owns 7,827 shares of the company’s stock worth $446,000 after purchasing an additional 301 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

TCMD stock traded down $1.12 on Wednesday, hitting $45.94. The company’s stock had a trading volume of 3,260 shares, compared to its average volume of 213,411. The firm has a 50 day moving average of $47.22 and a two-hundred day moving average of $51.15. Tactile Systems Technology has a 1 year low of $37.40 and a 1 year high of $76.63. The stock has a market cap of $915.49 million, a price-to-earnings ratio of 135.18, a price-to-earnings-growth ratio of 4.09 and a beta of 2.01. The company has a current ratio of 5.04, a quick ratio of 4.34 and a debt-to-equity ratio of 0.02.

Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices for the treatment of chronic diseases in the United States. The company offers Flexitouch system, an at-home solution for lymphedema patients; and ACTitouch system, a home-based solution for chronic venous insufficiency patients.

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