Equities research analysts expect that Tactile Systems Technology Inc (NASDAQ:TCMD) will post sales of $45.19 million for the current quarter, Zacks reports. Three analysts have issued estimates for Tactile Systems Technology’s earnings. The lowest sales estimate is $44.68 million and the highest is $45.60 million. Tactile Systems Technology posted sales of $36.32 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 24.4%. The business is expected to announce its next earnings report after the market closes on Monday, November 4th.
According to Zacks, analysts expect that Tactile Systems Technology will report full year sales of $183.54 million for the current financial year, with estimates ranging from $183.10 million to $184.30 million. For the next financial year, analysts forecast that the company will post sales of $221.27 million, with estimates ranging from $219.32 million to $224.70 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Tactile Systems Technology.
Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.09. The firm had revenue of $45.20 million for the quarter, compared to analysts’ expectations of $42.60 million. Tactile Systems Technology had a net margin of 5.05% and a return on equity of 9.19%. The business’s quarterly revenue was up 32.4% on a year-over-year basis. During the same quarter last year, the company posted $0.13 EPS.
Shares of Tactile Systems Technology stock traded up $0.63 on Friday, hitting $45.44. 212,973 shares of the company traded hands, compared to its average volume of 230,143. The firm’s 50-day simple moving average is $46.78 and its 200 day simple moving average is $50.98. The company has a current ratio of 5.04, a quick ratio of 4.34 and a debt-to-equity ratio of 0.02. The company has a market cap of $878.78 million, a P/E ratio of 133.65, a P/E/G ratio of 3.92 and a beta of 2.01. Tactile Systems Technology has a 12-month low of $37.40 and a 12-month high of $76.63.
In other Tactile Systems Technology news, SVP Bryan Rishe sold 4,812 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $54.31, for a total value of $261,339.72. Following the sale, the senior vice president now owns 50,674 shares of the company’s stock, valued at approximately $2,752,104.94. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Robert J. Folkes sold 2,106 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $42.29, for a total transaction of $89,062.74. Following the completion of the sale, the chief operating officer now directly owns 77,854 shares in the company, valued at approximately $3,292,445.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,904 shares of company stock worth $2,529,194. 6.50% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in TCMD. Marshall Wace North America L.P. bought a new stake in Tactile Systems Technology in the 1st quarter worth $25,000. TCI Wealth Advisors Inc. grew its holdings in Tactile Systems Technology by 2,500.0% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 520 shares of the company’s stock worth $30,000 after acquiring an additional 500 shares during the last quarter. First Mercantile Trust Co. grew its holdings in Tactile Systems Technology by 27.8% in the 2nd quarter. First Mercantile Trust Co. now owns 2,768 shares of the company’s stock worth $158,000 after acquiring an additional 602 shares during the last quarter. Alberta Investment Management Corp bought a new stake in Tactile Systems Technology in the 2nd quarter worth $222,000. Finally, Bailard Inc. bought a new stake in Tactile Systems Technology in the 2nd quarter worth $239,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.
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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