Brokerages expect Tactile Systems Technology, Inc. (NASDAQ:TCMD) to report $0.13 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Tactile Systems Technology’s earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.07. Tactile Systems Technology posted earnings per share of $0.12 during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The firm is expected to announce its next quarterly earnings report on Monday, November 1st.
According to Zacks, analysts expect that Tactile Systems Technology will report full year earnings of $0.45 per share for the current fiscal year, with EPS estimates ranging from $0.34 to $0.50. For the next fiscal year, analysts forecast that the company will report earnings of $0.81 per share, with EPS estimates ranging from $0.76 to $0.84. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Tactile Systems Technology.
Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings data on Sunday, August 1st. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. The company had revenue of $51.06 million during the quarter, compared to the consensus estimate of $49.77 million. Tactile Systems Technology had a net margin of 6.72% and a return on equity of 9.90%.
Shares of TCMD stock opened at $44.96 on Monday. The company has a market cap of $889.40 million, a price-to-earnings ratio of 66.12, a price-to-earnings-growth ratio of 19.01 and a beta of 1.60. Tactile Systems Technology has a 52 week low of $31.01 and a 52 week high of $64.53. The firm has a 50 day moving average of $44.00 and a 200-day moving average of $49.93.
In other Tactile Systems Technology news, CEO Daniel L. Reuvers sold 1,063 shares of the firm’s stock in a transaction on Friday, August 6th. The stock was sold at an average price of $43.11, for a total transaction of $45,825.93. Following the transaction, the chief executive officer now directly owns 22,667 shares in the company, valued at approximately $977,174.37. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.33% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. bought a new stake in shares of Tactile Systems Technology during the 1st quarter worth $25,000. Eaton Vance Management bought a new stake in shares of Tactile Systems Technology during the 1st quarter worth $27,000. Cullen Frost Bankers Inc. bought a new stake in shares of Tactile Systems Technology during the 2nd quarter worth $30,000. Altshuler Shaham Ltd bought a new stake in shares of Tactile Systems Technology during the 1st quarter worth $113,000. Finally, Advisor Group Holdings Inc. raised its stake in shares of Tactile Systems Technology by 23.8% during the 2nd quarter. Advisor Group Holdings Inc. now owns 2,117 shares of the company’s stock worth $110,000 after purchasing an additional 407 shares during the period. Institutional investors own 96.26% of the company’s stock.
About Tactile Systems Technology
Tactile Systems Technology, Inc is a medical technology company. It develops and provides innovative medical devices for the treatment of chronic diseases at home. The company focus on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures.
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