Tactile Systems Technology (NASDAQ:TCMD) Releases Earnings Results, Beats Estimates By $0.08 EPS

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Tactile Systems Technology (NASDAQ:TCMD) issued its quarterly earnings data on Sunday. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.08, Fidelity Earnings reports. Tactile Systems Technology had a positive return on equity of 1.37% and a negative net margin of 4.57%.

NASDAQ TCMD traded down $5.63 during trading hours on Tuesday, reaching $53.01. 255,156 shares of the company were exchanged, compared to its average volume of 160,726. The stock has a market capitalization of $1.04 billion, a P/E ratio of -117.62, a P/E/G ratio of 10.36 and a beta of 1.69. Tactile Systems Technology has a 1 year low of $30.31 and a 1 year high of $64.53. The business’s 50 day simple moving average is $54.45 and its 200-day simple moving average is $48.66.

TCMD has been the subject of a number of recent analyst reports. BTIG Research upped their price objective on shares of Tactile Systems Technology from $51.00 to $60.00 and gave the stock an “in-line” rating in a research report on Monday, January 25th. TheStreet raised Tactile Systems Technology from a “d+” rating to a “c” rating in a report on Tuesday, February 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $59.00.

About Tactile Systems Technology

Tactile Systems Technology, Inc, a medical technology company, engages in the development and provision of medical devices for chronic diseases in the United States. The company offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema; and Entre system, a portable pneumatic compression device that is used for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers.

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Earnings History for Tactile Systems Technology (NASDAQ:TCMD)

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