Wall Street analysts forecast that Tactile Systems Technology Inc (NASDAQ:TCMD) will post earnings of $0.07 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Tactile Systems Technology’s earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.04. Tactile Systems Technology reported earnings per share of $0.18 during the same quarter last year, which would indicate a negative year-over-year growth rate of 61.1%. The firm is scheduled to announce its next quarterly earnings results on Monday, February 25th.

On average, analysts expect that Tactile Systems Technology will report full-year earnings of $0.29 per share for the current financial year, with EPS estimates ranging from $0.26 to $0.32. For the next financial year, analysts expect that the firm will report earnings of $0.20 per share, with EPS estimates ranging from ($0.13) to $0.38. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Tactile Systems Technology.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings data on Monday, November 5th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.05 by $0.04. Tactile Systems Technology had a return on equity of 8.53% and a net margin of 4.92%. The company had revenue of $36.30 million for the quarter, compared to analyst estimates of $34.22 million. During the same period last year, the company posted $0.07 earnings per share. The firm’s revenue was up 28.3% compared to the same quarter last year.

TCMD has been the topic of several research reports. BidaskClub raised Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 2nd. Canaccord Genuity raised their price objective on Tactile Systems Technology from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, September 6th. Piper Jaffray Companies reissued an “overweight” rating and issued a $77.00 price objective on shares of Tactile Systems Technology in a research report on Monday, September 10th. TheStreet lowered Tactile Systems Technology from a “c+” rating to a “d+” rating in a research report on Monday, August 20th. Finally, Zacks Investment Research lowered Tactile Systems Technology from a “hold” rating to a “sell” rating in a research report on Friday, August 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Tactile Systems Technology currently has a consensus rating of “Hold” and an average price target of $67.33.

NASDAQ:TCMD opened at $62.64 on Wednesday. Tactile Systems Technology has a 12 month low of $24.92 and a 12 month high of $73.24. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 185.26, a P/E/G ratio of 10.16 and a beta of 1.40.

In other news, COO Robert J. Folkes sold 2,482 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $57.95, for a total transaction of $143,831.90. Following the completion of the sale, the chief operating officer now directly owns 120,718 shares in the company, valued at $6,995,608.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Bryan Rishe sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $57.52, for a total value of $172,560.00. Following the sale, the senior vice president now owns 76,428 shares of the company’s stock, valued at $4,396,138.56. The disclosure for this sale can be found here. Insiders have sold 101,234 shares of company stock valued at $6,538,983 over the last 90 days. Insiders own 8.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Tactile Systems Technology by 10.7% during the third quarter. BlackRock Inc. now owns 2,601,804 shares of the company’s stock valued at $184,857,000 after acquiring an additional 250,504 shares in the last quarter. Fred Alger Management Inc. grew its stake in shares of Tactile Systems Technology by 16.2% during the second quarter. Fred Alger Management Inc. now owns 748,638 shares of the company’s stock valued at $38,929,000 after acquiring an additional 104,208 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Tactile Systems Technology by 5.3% during the second quarter. Janus Henderson Group PLC now owns 628,863 shares of the company’s stock valued at $32,701,000 after acquiring an additional 31,714 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Tactile Systems Technology by 7.4% during the third quarter. Bank of New York Mellon Corp now owns 284,180 shares of the company’s stock valued at $20,191,000 after acquiring an additional 19,659 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Tactile Systems Technology by 142.0% during the third quarter. Wells Fargo & Company MN now owns 264,634 shares of the company’s stock valued at $18,803,000 after acquiring an additional 155,289 shares in the last quarter. Institutional investors own 93.97% of the company’s stock.

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

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