Brokerages predict that Tandem Diabetes Care, Inc. (NASDAQ:TNDM) will announce $26.16 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Tandem Diabetes Care’s earnings, with the lowest sales estimate coming in at $24.48 million and the highest estimate coming in at $27.22 million. Tandem Diabetes Care reported sales of $12.29 million during the same quarter last year, which indicates a positive year over year growth rate of 112.9%. The firm is expected to report its next earnings report on Tuesday, November 7th.

On average, analysts expect that Tandem Diabetes Care will report full-year sales of $26.16 million for the current fiscal year, with estimates ranging from $99.70 million to $103.36 million. For the next year, analysts expect that the business will report sales of $145.29 million per share, with estimates ranging from $138.59 million to $154.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover Tandem Diabetes Care.

Tandem Diabetes Care (NASDAQ:TNDM) last posted its quarterly earnings results on Thursday, July 27th. The medical device company reported ($0.44) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.04. Tandem Diabetes Care had a negative net margin of 110.70% and a negative return on equity of 1,177.11%. The company had revenue of $21.30 million for the quarter, compared to the consensus estimate of $21.74 million. During the same period last year, the firm posted ($0.60) EPS. The company’s revenue for the quarter was down 7.4% on a year-over-year basis.

TNDM has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Tandem Diabetes Care from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. B. Riley reiterated a “neutral” rating and set a $1.50 price target on shares of Tandem Diabetes Care in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.71.

Tandem Diabetes Care (NASDAQ:TNDM) opened at 0.6222 on Friday. The company’s market capitalization is $31.25 million. Tandem Diabetes Care has a 52-week low of $0.39 and a 52-week high of $8.81. The stock has a 50 day moving average of $0.61 and a 200-day moving average of $1.21.

Several large investors have recently modified their holdings of the stock. Wrapmanager Inc. increased its stake in shares of Tandem Diabetes Care by 59.2% in the first quarter. Wrapmanager Inc. now owns 96,405 shares of the medical device company’s stock valued at $116,000 after buying an additional 35,866 shares in the last quarter. Iguana Healthcare Management LLC increased its stake in shares of Tandem Diabetes Care by 33.3% in the first quarter. Iguana Healthcare Management LLC now owns 100,000 shares of the medical device company’s stock valued at $120,000 after buying an additional 25,000 shares in the last quarter. OLD National Bancorp IN increased its stake in shares of Tandem Diabetes Care by 31.0% in the first quarter. OLD National Bancorp IN now owns 119,779 shares of the medical device company’s stock valued at $144,000 after buying an additional 28,320 shares in the last quarter. Monashee Investment Management LLC purchased a new stake in shares of Tandem Diabetes Care during the first quarter valued at approximately $180,000. Finally, Group One Trading L.P. purchased a new stake in shares of Tandem Diabetes Care during the first quarter valued at approximately $185,000. Institutional investors own 45.22% of the company’s stock.

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Tandem Diabetes Care Company Profile

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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Earnings History and Estimates for Tandem Diabetes Care (NASDAQ:TNDM)

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