Wall Street brokerages predict that Tactile Systems Technology Inc (NASDAQ:TCMD) will post earnings of $0.11 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Tactile Systems Technology’s earnings, with estimates ranging from $0.06 to $0.17. Tactile Systems Technology reported earnings of $0.09 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 22.2%. The business is scheduled to report its next earnings results on Monday, November 4th.

According to Zacks, analysts expect that Tactile Systems Technology will report full year earnings of $0.60 per share for the current financial year, with EPS estimates ranging from $0.50 to $0.73. For the next financial year, analysts anticipate that the company will post earnings of $0.59 per share, with EPS estimates ranging from $0.50 to $0.68. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that that provide coverage for Tactile Systems Technology.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.09. Tactile Systems Technology had a return on equity of 9.19% and a net margin of 5.05%. The business had revenue of $45.20 million during the quarter, compared to analyst estimates of $42.60 million. During the same period in the prior year, the company earned $0.13 earnings per share. Tactile Systems Technology’s revenue was up 32.4% compared to the same quarter last year.

Several equities analysts have weighed in on TCMD shares. Zacks Investment Research raised Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective for the company in a report on Thursday, August 8th. BTIG Research raised 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. Guggenheim increased their price objective on Tactile Systems Technology from $95.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Dougherty & Co assumed coverage on Tactile Systems Technology in a research report on Thursday, June 13th. They set a “buy” rating and a $80.00 target price on the stock. Finally, Piper Jaffray Companies increased their target price on Tactile Systems Technology to $84.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $73.29.

In related news, Director William W. Burke sold 10,000 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $55.00, for a total value of $550,000.00. Following the sale, the director now owns 13,721 shares in the company, valued at $754,655. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Robert J. Folkes sold 2,106 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $56.02, for a total value of $117,978.12. Following the completion of the sale, the chief operating officer now owns 94,702 shares in the company, valued at approximately $5,305,206.04. The disclosure for this sale can be found here. Insiders sold 60,293 shares of company stock worth $3,202,292 in the last quarter. 6.50% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of TCMD. Marshall Wace LLP raised its position in Tactile Systems Technology by 6,820.2% during the first quarter. Marshall Wace LLP now owns 330,855 shares of the company’s stock valued at $17,443,000 after purchasing an additional 326,074 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Tactile Systems Technology by 16.4% during the first quarter. Janus Henderson Group PLC now owns 839,304 shares of the company’s stock valued at $44,248,000 after buying an additional 118,522 shares during the last quarter. Calamos Advisors LLC bought a new position in shares of Tactile Systems Technology during the second quarter valued at about $4,704,000. Wasatch Advisors Inc. grew its stake in shares of Tactile Systems Technology by 124.9% during the second quarter. Wasatch Advisors Inc. now owns 112,545 shares of the company’s stock valued at $6,406,000 after buying an additional 62,501 shares during the last quarter. Finally, Great Lakes Advisors LLC bought a new position in shares of Tactile Systems Technology during the first quarter valued at about $2,615,000. Institutional investors own 98.90% of the company’s stock.

NASDAQ TCMD traded down $0.57 on Friday, hitting $49.43. 31,481 shares of the stock traded hands, compared to its average volume of 250,048. The stock’s fifty day simple moving average is $54.42. Tactile Systems Technology has a 12 month low of $37.40 and a 12 month high of $76.63. The company has a market cap of $948.06 million, a price-to-earnings ratio of 145.37, a price-to-earnings-growth ratio of 4.23 and a beta of 1.98. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.04 and a quick ratio of 4.34.

About Tactile Systems Technology

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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