Tactile Systems Technology (NASDAQ:TCMD) Releases Earnings Results, Beats Expectations By $0.08 EPS

Tactile Systems Technology (NASDAQ:TCMD) issued its quarterly earnings data on Sunday. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.08, Fidelity Earnings reports. Tactile Systems Technology had a negative net margin of 4.57% and a positive return on equity of 1.37%.

NASDAQ:TCMD traded down $5.63 during midday trading on Tuesday, hitting $53.01. 255,156 shares of the company were exchanged, compared to its average volume of 160,726. The company has a market capitalization of $1.04 billion, a PE ratio of -117.80, a price-to-earnings-growth ratio of 10.36 and a beta of 1.69. Tactile Systems Technology has a fifty-two week low of $30.31 and a fifty-two week high of $64.53. The company has a fifty day simple moving average of $54.60 and a 200 day simple moving average of $48.77.

Several research firms recently issued reports on TCMD. BTIG Research upped their target price on Tactile Systems Technology from $51.00 to $60.00 and gave the company an “in-line” rating in a research report on Monday, January 25th. TheStreet raised shares of Tactile Systems Technology from a “d+” rating to a “c” rating in a research note on Tuesday, February 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $59.00.

About Tactile Systems Technology

Tactile Systems Technology, Inc, a medical technology company, engages in the development and provision of medical devices for chronic diseases in the United States. The company offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema; and Entre system, a portable pneumatic compression device that is used for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers.

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Earnings History for Tactile Systems Technology (NASDAQ:TCMD)

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