Analysts forecast that Tactile Systems Technology, Inc. (NASDAQ:TCMD) will post earnings of $0.01 per share for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Tactile Systems Technology’s earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at $0.00. Tactile Systems Technology posted earnings per share of $0.04 during the same quarter last year, which indicates a negative year-over-year growth rate of 75%. The firm is expected to announce its next quarterly earnings report on Wednesday, September 6th.

According to Zacks, analysts expect that Tactile Systems Technology will report full-year earnings of $0.14 per share for the current year, with EPS estimates ranging from $0.13 to $0.14. For the next fiscal year, analysts anticipate that the business will report earnings of $0.22 per share, with EPS estimates ranging from $0.19 to $0.24. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Tactile Systems Technology.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings data on Monday, May 8th. The company reported ($0.09) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.05. Tactile Systems Technology had a net margin of 2.24% and a return on equity of 4.82%. The business had revenue of $19.85 million for the quarter, compared to analyst estimates of $16.17 million. During the same period last year, the business earned ($0.45) EPS. The company’s revenue was up 44.9% on a year-over-year basis.

Several research analysts have recently weighed in on TCMD shares. BTIG Research restated a “buy” rating and issued a $26.00 target price on shares of Tactile Systems Technology in a research note on Friday, March 10th. Zacks Investment Research downgraded shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $24.25.

Shares of Tactile Systems Technology (TCMD) opened at 27.64 on Friday. Tactile Systems Technology has a one year low of $10.00 and a one year high of $30.20. The stock has a 50 day moving average of $25.23 and a 200-day moving average of $19.34. The firm has a market capitalization of $468.22 million and a price-to-earnings ratio of 249.01.

In other Tactile Systems Technology news, CFO Lynn Larson Blake sold 2,727 shares of the stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $19.25, for a total transaction of $52,494.75. Following the transaction, the chief financial officer now directly owns 55,946 shares in the company, valued at approximately $1,076,960.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Robert J. Folkes sold 1,500 shares of the stock in a transaction on Wednesday, April 12th. The shares were sold at an average price of $17.59, for a total transaction of $26,385.00. Following the transaction, the chief operating officer now owns 125,167 shares in the company, valued at $2,201,687.53. The disclosure for this sale can be found here. Insiders sold 1,340,400 shares of company stock valued at $33,006,383 over the last 90 days. Insiders own 49.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in Tactile Systems Technology by 33.7% in the first quarter. Bank of New York Mellon Corp now owns 13,805 shares of the company’s stock worth $262,000 after buying an additional 3,480 shares during the period. Bank of America Corp DE increased its position in Tactile Systems Technology by 1,118.5% in the first quarter. Bank of America Corp DE now owns 6,982 shares of the company’s stock worth $133,000 after buying an additional 6,409 shares during the period. EAM Investors LLC increased its position in Tactile Systems Technology by 15.4% in the first quarter. EAM Investors LLC now owns 70,449 shares of the company’s stock worth $1,335,000 after buying an additional 9,383 shares during the period. Geode Capital Management LLC increased its position in Tactile Systems Technology by 17.2% in the first quarter. Geode Capital Management LLC now owns 70,704 shares of the company’s stock worth $1,339,000 after buying an additional 10,377 shares during the period. Finally, Trexquant Investment LP bought a new position in Tactile Systems Technology during the first quarter worth approximately $224,000. Hedge funds and other institutional investors own 29.92% of the company’s stock.

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Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc is a medical technology company that develops and provides medical devices for the treatment of chronic diseases at home. The Company is a manufacturer and distributor of the Flexitouch and Entre Systems, medical devices that help control symptoms of lymphedema, a chronic and progressive medical condition that is often an unintended consequence of cancer treatment, and the ACTitouch System, a medical device used to treat venous leg ulcers and chronic venous insufficiency.

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Earnings History and Estimates for Tactile Systems Technology (NASDAQ:TCMD)

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