Zacks: Analysts Anticipate Tactile Systems Technology Inc (NASDAQ:TCMD) to Post $0.26 EPS

Analysts forecast that Tactile Systems Technology Inc (NASDAQ:TCMD) will post earnings of $0.26 per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Tactile Systems Technology’s earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.19. Tactile Systems Technology posted earnings per share of $0.12 during the same quarter last year, which indicates a positive year-over-year growth rate of 116.7%. The firm is expected to announce its next quarterly earnings report on Thursday, February 27th.

According to Zacks, analysts expect that Tactile Systems Technology will report full-year earnings of $0.61 per share for the current year, with EPS estimates ranging from $0.54 to $0.73. For the next fiscal year, analysts anticipate that the business will report earnings of $0.60 per share, with EPS estimates ranging from $0.50 to $0.76. 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 issued its earnings results on Monday, November 4th. The company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. The business had revenue of $49.60 million during the quarter, compared to the consensus estimate of $45.47 million. Tactile Systems Technology had a return on equity of 9.41% and a net margin of 5.06%. The firm’s revenue for the quarter was up 36.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 earnings per share.

Several equities research analysts have recently commented on TCMD shares. Oppenheimer started coverage on Tactile Systems Technology in a report on Tuesday, October 22nd. They set a “market perform” rating for the company. BTIG Research upgraded Tactile Systems Technology from a “neutral” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Wednesday, August 7th. Zacks Investment Research downgraded Tactile Systems Technology from a “buy” rating to a “hold” rating in a report on Wednesday. Piper Jaffray Companies decreased their price objective on Tactile Systems Technology from $84.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, BidaskClub upgraded Tactile Systems Technology from a “sell” rating to a “hold” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $70.14.

In related news, COO Robert J. Folkes sold 2,106 shares of Tactile Systems Technology stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $42.29, for a total transaction of $89,062.74. Following the transaction, the chief operating officer now owns 77,854 shares of the company’s stock, valued at $3,292,445.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Bryan Rishe sold 4,813 shares of Tactile Systems Technology stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $48.67, for a total value of $234,248.71. Following the transaction, the senior vice president now directly owns 50,675 shares in the company, valued at approximately $2,466,352.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,798 shares of company stock worth $2,356,615. 6.50% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in TCMD. Marshall Wace North America L.P. purchased a new position in shares of Tactile Systems Technology during the first quarter valued at approximately $25,000. Cortina Asset Management LLC boosted its position in Tactile Systems Technology by 16.5% in the second 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 last quarter. WINTON GROUP Ltd boosted its position in Tactile Systems Technology by 4.0% in the second 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 last quarter. Peregrine Capital Management LLC boosted its position in Tactile Systems Technology by 9.7% in the second quarter. Peregrine Capital Management LLC now owns 464,848 shares of the company’s stock worth $26,459,000 after purchasing an additional 41,036 shares during the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in Tactile Systems Technology in the second quarter worth $351,000. 99.67% of the stock is currently owned by institutional investors.

Shares of NASDAQ TCMD traded down $0.27 during midday trading on Friday, hitting $51.83. 16,034 shares of the stock traded hands, compared to its average volume of 206,146. The company has a market cap of $941.10 million, a PE ratio of 152.26, a P/E/G ratio of 6.29 and a beta of 2.01. Tactile Systems Technology has a one year low of $37.40 and a one year high of $76.63. The business has a 50 day moving average price of $45.61 and a two-hundred day moving average price of $50.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.34 and a current ratio of 4.26.

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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