Tactile Systems Technology (TCMD) to Release Quarterly Earnings on Monday

Tactile Systems Technology (NASDAQ:TCMD) is set to issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. Tactile Systems Technology had a net margin of 11.57% and a return on equity of 16.94%. The business had revenue of $73.22 million during the quarter, compared to the consensus estimate of $72.62 million. 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 Stock Up 2.1 %

Shares of NASDAQ TCMD opened at $14.20 on Monday. The company has a quick ratio of 3.89, a current ratio of 4.44 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $13.81 and a 200 day moving average price of $13.20. Tactile Systems Technology has a 52 week low of $9.69 and a 52 week high of $16.95. The stock has a market capitalization of $337.39 million, a price-to-earnings ratio of 10.29 and a beta of 1.18.

Analyst Upgrades and Downgrades

TCMD has been the topic of several research analyst reports. B. Riley assumed coverage on Tactile Systems Technology in a research note on Thursday, September 26th. They set a “buy” rating and a $23.00 price target on the stock. StockNews.com upgraded Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 20th.

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.