Tactile Systems Technology (TCMD) Scheduled to Post Quarterly Earnings on Monday

Tactile Systems Technology (NASDAQ:TCMD) is set to announce its earnings results after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. The company had revenue of $73.22 million for the quarter, compared to analyst estimates of $72.62 million. Tactile Systems Technology had a return on equity of 16.94% and a net margin of 11.57%. On average, analysts expect Tactile Systems Technology to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Tactile Systems Technology Trading Up 1.2 %

Shares of TCMD stock opened at $14.69 on Friday. The stock’s fifty day moving average is $13.99 and its two-hundred day moving average is $13.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.89 and a current ratio of 4.44. The firm has a market capitalization of $349.06 million, a P/E ratio of 10.64 and a beta of 1.18. Tactile Systems Technology has a fifty-two week low of $9.69 and a fifty-two week high of $16.95.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TCMD shares. StockNews.com raised Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 20th. B. Riley started coverage on Tactile Systems Technology in a research note on Thursday, September 26th. They issued a “buy” rating and a $23.00 target price for the company.

Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices to treat underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema in the home setting; and Entre Plus System, a portable pneumatic compression device for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers.