Tandem Diabetes Care, Inc. (TNDM) to Release Quarterly Earnings on Wednesday
Tandem Diabetes Care, Inc. (NASDAQ:TNDM) is scheduled to announce its earnings results after the market closes on Wednesday, July 26th. Analysts expect the company to announce earnings of ($0.48) per share for the quarter.
Tandem Diabetes Care (NASDAQ:TNDM) last released its earnings results on Thursday, April 27th. The medical device company reported ($0.75) EPS for the quarter, missing the consensus estimate of ($0.66) by $0.09. Tandem Diabetes Care had a negative net margin of 104.31% and a negative return on equity of 1,177.11%. The firm had revenue of $17.50 million during the quarter, compared to the consensus estimate of $15.72 million. During the same period in the prior year, the business earned ($0.68) earnings per share. Tandem Diabetes Care’s quarterly revenue was down 12.9% compared to the same quarter last year. On average, analysts expect Tandem Diabetes Care to post $-1.88 EPS for the current fiscal year and $-1.29 EPS for the next fiscal year.
Tandem Diabetes Care, Inc. (NASDAQ:TNDM) opened at 0.61 on Wednesday. The firm has a 50-day moving average of $0.78 and a 200 day moving average of $1.48. The company’s market capitalization is $30.40 million. Tandem Diabetes Care, Inc. has a 12-month low of $0.56 and a 12-month high of $8.81.
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A number of brokerages have recently issued reports on TNDM. Wedbush reissued an “outperform” rating and issued a $11.00 price target on shares of Tandem Diabetes Care in a report on Thursday, March 30th. B. Riley downgraded shares of Tandem Diabetes Care to a “neutral” rating and set a $1.50 price target on the stock. in a report on Wednesday, March 29th. Cowen and Company downgraded shares of Tandem Diabetes Care from an “outperform” rating to a “market perform” rating and set a $1.50 price target on the stock. in a report on Monday, April 10th. Finally, Piper Jaffray Companies reissued a “neutral” rating on shares of Tandem Diabetes Care in a report on Thursday, March 30th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.71.
About Tandem Diabetes Care
Tandem Diabetes Care, Inc is a medical device company. The Company is engaged in designing, developing and commercializing products for people with insulin-dependent diabetes. The Company manufactures and sells three insulin pump products, which include t:slim Insulin Delivery System (t:slim), t:flex Insulin Delivery System (t:flex) and t:slim G4 Insulin Delivery System (t:slim G4).
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