Wall Street analysts forecast that Tactile Systems Technology Inc (NASDAQ:TCMD) will post earnings per share of $0.24 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Tactile Systems Technology’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.30. Tactile Systems Technology reported earnings of $0.12 per share during the same quarter last year, which indicates a positive year over year growth rate of 100%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, February 26th.

On average, analysts expect that Tactile Systems Technology will report full-year earnings of $0.58 per share for the current financial year, with EPS estimates ranging from $0.54 to $0.64. For the next fiscal year, analysts anticipate that the company will report earnings of $0.64 per share, with EPS estimates ranging from $0.59 to $0.76. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Tactile Systems Technology.

A number of analysts recently issued reports on TCMD shares. TheStreet raised shares of Tactile Systems Technology from a “c+” rating to a “b-” rating in a report on Friday, December 6th. BTIG Research reissued a “positive” rating and set a $72.00 price target on shares of Tactile Systems Technology in a report on Thursday, December 12th. Oppenheimer started coverage on shares of Tactile Systems Technology in a report on Tuesday, October 22nd. They set a “market perform” rating on the stock. Zacks Investment Research raised shares of Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Wednesday, January 15th. Finally, BidaskClub raised shares of Tactile Systems Technology from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $74.71.

NASDAQ TCMD traded down $0.47 during mid-day trading on Friday, reaching $63.60. 115,823 shares of the stock were exchanged, compared to its average volume of 184,559. The business’s 50 day moving average is $62.46 and its 200-day moving average is $55.39. Tactile Systems Technology has a 1 year low of $40.62 and a 1 year high of $76.63. The company has a market capitalization of $1.21 billion, a P/E ratio of 138.26, a P/E/G ratio of 7.69 and a beta of 2.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.56 and a current ratio of 4.26.

In other Tactile Systems Technology news, COO Robert J. Folkes sold 2,273 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $60.12, for a total transaction of $136,652.76. Following the transaction, the chief operating officer now directly owns 71,536 shares of the company’s stock, valued at $4,300,744.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Bryan Rishe sold 4,812 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $64.22, for a total transaction of $309,026.64. Following the transaction, the senior vice president now directly owns 50,674 shares in the company, valued at $3,254,284.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,877 shares of company stock worth $1,451,413. Insiders own 6.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its position in shares of Tactile Systems Technology by 11.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 17,758 shares of the company’s stock valued at $1,011,000 after buying an additional 1,755 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Tactile Systems Technology by 125.6% in the third quarter. Russell Investments Group Ltd. now owns 179,331 shares of the company’s stock valued at $7,590,000 after buying an additional 99,831 shares during the last quarter. First Trust Advisors LP raised its position in shares of Tactile Systems Technology by 40.4% in the third quarter. First Trust Advisors LP now owns 52,699 shares of the company’s stock valued at $2,230,000 after buying an additional 15,173 shares during the last quarter. Rhumbline Advisers raised its position in shares of Tactile Systems Technology by 7.4% in the third quarter. Rhumbline Advisers now owns 55,391 shares of the company’s stock valued at $2,344,000 after buying an additional 3,831 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Tactile Systems Technology by 608.0% in the third quarter. California Public Employees Retirement System now owns 37,659 shares of the company’s stock valued at $1,594,000 after buying an additional 32,340 shares during the last quarter. 97.92% of the stock is currently owned by institutional investors and hedge funds.

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.

Featured Article: Beige Book

Get a free copy of the Zacks research report on Tactile Systems Technology (TCMD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Tactile Systems Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tactile Systems Technology and related companies with MarketBeat.com's FREE daily email newsletter.