Tactile Systems Technology (TCMD) is scheduled to post quarterly earnings on Monday

Tactile Systems Technology (NASDAQ:TCMD – Get Rating ) is scheduled to release its quarterly earnings data after the market closes on Monday, August 1st. Analysts expect the company to post earnings of ($0.16) per share for the quarter. Investors interested in registering for the company’s conference call can do so via this link.

Tactile Systems Technology (NASDAQ:TCMD – Get Rating ) last announced its quarterly earnings results on Monday, May 2nd. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.11). The business had revenue of $47.98 million for the quarter, compared to analysts’ expectations of $44.91 million. Tactile Systems Technology had a negative return on equity of 12.31% and a negative net margin of 11.78%. On average, analysts expect Tactile Systems Technology to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Tactile Systems Technology Warehouse Productivity

NASDAQ:TCMD opened at $7.23 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.56, and a quick ratio of 2.08. The firm has a 50-day moving average of $8.07 and a 200-day moving average of $14.06. The stock has a market cap of $144.16 million, a P/E ratio of -5.74 and a beta of 1.53. Tactile Systems Technology has a 1-year low of $6.28 and a 1-year high of $49.96.

Institutional Trading in Tactile Systems Technology

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Several institutional investors have recently made changes to their positions in TCMD. PNC Financial Services Group Inc. boosted its holdings in shares of Tactile Systems Technology by 219.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,016 shares of the company’s stock valued at $40,000 after purchasing an additional 1,385 shares during the period. Quantbot Technologies LP raised its position in shares of Tactile Systems Technology by 87.3% in the first quarter. Quantbot Technologies LP now owns 12,344 shares of the company’s stock valued at $248,000 after buying an additional 5,755 shares during the period. MetLife Investment Management LLC lifted its position in shares of Tactile Systems Technology by 55.2% during the first quarter. MetLife Investment Management LLC now owns 12,782 shares of the company’s stock valued at $258,000 after buying an additional 4,544 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Tactile Systems Technology by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,089 shares of the company’s stock valued at $345,000 after purchasing an additional 2,107 shares during the period. Finally, Royal Bank of Canada boosted its position in Tactile Systems Technology by 23.6% in the first quarter. Royal Bank of Canada now owns 17,730 shares of the company’s stock valued at $358,000 after acquiring an additional 3,382 shares during the period. 92.58% of the shares are currently owned by institutional investors and hedge funds.

Changes in analyst ratings

TCMD has been the subject of several analyst reports. StockNews.com initiated coverage on shares of Tactile Systems Technology in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. BTIG Research cut their target price on shares of Tactile Systems Technology from $29.00 to $27.00 and set a “buy” rating for the company in a report on Monday, July 18th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Tactile Systems Technology presently has an average rating of “Moderate Buy” and an average target price of $33.33.

Tactile Systems Technologies Company Profile

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Tactile Systems Technology, Inc, a medical technology company, is engaged in the development and supply of medical devices for chronic diseases in the United States. The company offers the Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema; Entre System, a portable pneumatic compression device used for the home treatment of venous conditions such as lymphedema and chronic venous insufficiency, including venous leg ulcers; and AffloVest, a portable high-frequency chest wall oscillation test for the treatment of retained lung secretions such as bronchiectasis, cystic fibrosis, and various neuromuscular disorders.

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Earnings History for Tactile Systems Technology (NASDAQ:TCMD)

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