Wall Street brokerages predict that Tactile Systems Technology, Inc. (NASDAQ:TCMD – Get Rating) will post earnings per share (EPS) of ($0.17) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Tactile Systems Technology’s earnings, with estimates ranging from ($0.20) to ($0.12). The firm is scheduled to announce its next earnings report on Monday, January 1st.
On average, analysts expect that Tactile Systems Technology will report full year earnings of ($1.02) per share for the current year, with EPS estimates ranging from ($1.16) to ($0.88). For the next financial year, analysts forecast that the company will report earnings of $0.20 per share, with EPS estimates ranging from $0.12 to $0.31. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Tactile Systems Technology.
Tactile Systems Technology (NASDAQ:TCMD – Get Rating) last posted its quarterly earnings results on Tuesday, February 22nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.34). The business had revenue of $61.73 million for the quarter, compared to analysts’ expectations of $58.22 million. Tactile Systems Technology had a negative return on equity of 12.31% and a negative net margin of 11.78%. During the same period in the prior year, the business posted $0.61 earnings per share.
Several brokerages recently commented on TCMD. Piper Sandler cut their price target on shares of Tactile Systems Technology from $40.00 to $28.00 in a report on Wednesday, February 23rd. BTIG Research cut their price target on shares of Tactile Systems Technology from $44.00 to $29.00 in a report on Wednesday, February 23rd. TheStreet lowered shares of Tactile Systems Technology from a “c-” rating to a “d” rating in a report on Wednesday, February 23rd. Finally, StockNews.com started coverage on shares of Tactile Systems Technology in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Tactile Systems Technology has a consensus rating of “Buy” and a consensus target price of $38.00.
Shares of NASDAQ TCMD opened at $9.54 on Thursday. The firm has a market cap of $190.23 million, a PE ratio of -7.57 and a beta of 1.40. The firm has a fifty day moving average of $17.01 and a 200 day moving average of $18.78. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.08 and a current ratio of 2.56. Tactile Systems Technology has a one year low of $9.50 and a one year high of $57.64.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in Tactile Systems Technology by 0.8% during the 1st quarter. BlackRock Inc. now owns 3,764,795 shares of the company’s stock worth $75,899,000 after purchasing an additional 29,898 shares during the last quarter. Champlain Investment Partners LLC boosted its position in shares of Tactile Systems Technology by 2.5% during the 4th quarter. Champlain Investment Partners LLC now owns 1,785,185 shares of the company’s stock valued at $33,972,000 after acquiring an additional 42,720 shares during the last quarter. Geneva Capital Management LLC boosted its position in shares of Tactile Systems Technology by 4.6% during the 1st quarter. Geneva Capital Management LLC now owns 1,388,905 shares of the company’s stock valued at $28,000,000 after acquiring an additional 61,423 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Tactile Systems Technology by 9.8% during the 1st quarter. Vanguard Group Inc. now owns 1,339,530 shares of the company’s stock valued at $27,005,000 after acquiring an additional 119,456 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in shares of Tactile Systems Technology by 18.7% during the 3rd quarter. Macquarie Group Ltd. now owns 1,319,088 shares of the company’s stock valued at $58,633,000 after acquiring an additional 207,748 shares during the last quarter. 92.58% of the stock is currently owned by institutional investors.
Tactile Systems Technology Company Profile (Get Rating)
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; 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; and AffloVest, a portable high frequency chest wall oscillation test for the treatment of retained pulmonary secretions such as bronchiectasis, cystic fibrosis, and various neuromuscular disorders.
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