Wall Street brokerages expect that Tactile Systems Technology Inc (NASDAQ:TCMD) will announce earnings per share of $0.26 for the current quarter, Zacks reports. Four analysts have issued 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 company 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 company will post earnings of $0.60 per share, with EPS estimates ranging from $0.50 to $0.76. Zacks Investment Research’s 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 announced its earnings results on Monday, November 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Tactile Systems Technology had a net margin of 5.06% and a return on equity of 9.41%. The firm had revenue of $49.60 million for the quarter, compared to analysts’ expectations of $45.47 million. During the same period in the prior year, the company earned $0.09 EPS. The business’s revenue was up 36.6% compared to the same quarter last year.
Shares of Tactile Systems Technology stock traded up $1.24 on Friday, reaching $63.98. The company had a trading volume of 96,910 shares, compared to its average volume of 155,127. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 136.39, a P/E/G ratio of 8.19 and a beta of 2.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.26 and a quick ratio of 3.56. The firm’s 50-day moving average price is $53.69 and its two-hundred day moving average price is $51.65. Tactile Systems Technology has a 1 year low of $37.40 and a 1 year high of $76.63.
In other news, SVP Bryan Rishe sold 4,813 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $48.69, for a total transaction of $234,344.97. Following the completion of the sale, the senior vice president now directly owns 50,675 shares of the company’s stock, valued at $2,467,365.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Robert J. Folkes sold 2,106 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $50.11, for a total transaction of $105,531.66. Following the completion of the transaction, the chief operating officer now owns 82,066 shares in the company, valued at $4,112,327.26. The disclosure for this sale can be found here. Insiders have sold a total of 47,032 shares of company stock valued at $2,326,710 over the last three months. 6.50% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. purchased a new position in shares of Tactile Systems Technology during the first quarter worth approximately $25,000. TCI Wealth Advisors Inc. grew its stake in Tactile Systems Technology by 2,500.0% in the second quarter. TCI Wealth Advisors Inc. now owns 520 shares of the company’s stock worth $30,000 after purchasing an additional 500 shares in the last quarter. First Mercantile Trust Co. grew its stake in Tactile Systems Technology by 27.8% in the second quarter. First Mercantile Trust Co. now owns 2,768 shares of the company’s stock worth $158,000 after purchasing an additional 602 shares in the last quarter. Alberta Investment Management Corp bought a new position in Tactile Systems Technology in the second quarter worth approximately $222,000. Finally, Bailard Inc. purchased a new position in Tactile Systems Technology during the 2nd quarter worth $239,000. 99.64% of the stock is owned by institutional investors.
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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