Tactile Systems Technology Inc. to Post Q3 2018 Earnings of $0.03 Per Share, William Blair Forecasts (NASDAQ:TCMD)

Tactile Systems Technology Inc. (NASDAQ:TCMD) – William Blair decreased their Q3 2018 EPS estimates for shares of Tactile Systems Technology in a report issued on Tuesday, May 8th, Zacks Investment Research reports. William Blair analyst M. Kaczor now anticipates that the company will earn $0.03 per share for the quarter, down from their previous forecast of $0.08. William Blair also issued estimates for Tactile Systems Technology’s Q4 2018 earnings at $0.21 EPS, FY2018 earnings at $0.27 EPS and Q1 2019 earnings at $0.02 EPS.

TCMD has been the topic of several other reports. BidaskClub upgraded shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. Zacks Investment Research upgraded shares of Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $50.00 price objective on the stock in a research report on Thursday, May 10th. Piper Jaffray upgraded shares of Tactile Systems Technology to a “buy” rating and set a $36.00 price objective on the stock in a research report on Tuesday, February 20th. Northland Securities lowered shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 27th. Finally, Canaccord Genuity upped their target price on shares of Tactile Systems Technology from $37.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $42.90.

Tactile Systems Technology opened at $46.26 on Thursday, MarketBeat Ratings reports. Tactile Systems Technology has a 52 week low of $44.92 and a 52 week high of $45.44. The stock has a market capitalization of $823.28 million, a P/E ratio of 157.07, a price-to-earnings-growth ratio of 6.33 and a beta of 0.39.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings data on Monday, May 7th. The company reported $0.00 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.13. Tactile Systems Technology had a net margin of 6.29% and a return on equity of 7.86%. The business had revenue of $26.85 million for the quarter, compared to analyst estimates of $23.72 million. During the same period in the previous year, the firm earned ($0.09) EPS. The business’s revenue for the quarter was up 35.3% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently bought and sold shares of TCMD. MetLife Investment Advisors LLC acquired a new position in shares of Tactile Systems Technology during the 4th quarter valued at about $139,000. Municipal Employees Retirement System of Michigan acquired a new position in shares of Tactile Systems Technology during the 4th quarter valued at about $158,000. Advisors Preferred LLC acquired a new position in shares of Tactile Systems Technology during the 4th quarter valued at about $160,000. Rehmann Capital Advisory Group acquired a new position in shares of Tactile Systems Technology during the 4th quarter valued at about $218,000. Finally, State of Tennessee Treasury Department acquired a new position in shares of Tactile Systems Technology during the 4th quarter valued at about $254,000. 92.49% of the stock is owned by institutional investors.

In other Tactile Systems Technology news, Director William W. Burke sold 700 shares of the company’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $45.86, for a total value of $32,102.00. Following the transaction, the director now directly owns 7,679 shares in the company, valued at approximately $352,158.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kevin H. Roche sold 15,000 shares of the company’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $44.41, for a total transaction of $666,150.00. Following the completion of the transaction, the director now owns 66,784 shares in the company, valued at $2,965,877.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 149,871 shares of company stock worth $5,092,284. 8.70% of the stock is owned by insiders.

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 proprietary Flexitouch system, an at-home solution for lymphedema patients; and ACTitouch system, a home-based solution for chronic venous insufficiency patients.

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.



Leave a Reply