Wall Street analysts forecast that Tactile Systems Technology Inc (NASDAQ:TCMD) will announce $0.24 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Tactile Systems Technology’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.19. Tactile Systems Technology reported earnings of $0.12 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 100%. The firm is expected to announce its next quarterly earnings report after the market closes on Wednesday, February 26th.

On average, analysts expect that Tactile Systems Technology will report full year earnings of $0.58 per share for the current fiscal year, with EPS estimates ranging from $0.54 to $0.64. For the next fiscal year, analysts anticipate that the company will report earnings of $0.64 per share, with EPS estimates ranging from $0.59 to $0.76. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Tactile Systems Technology.

Several research firms recently issued reports on TCMD. BidaskClub raised Tactile Systems Technology from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Piper Jaffray Companies began coverage on Tactile Systems Technology in a research report on Monday, November 18th. They set a “buy” rating and a $70.00 price target on the stock. Oppenheimer initiated coverage on Tactile Systems Technology in a research report on Tuesday, October 22nd. They set a “market perform” rating on the stock. BTIG Research reaffirmed a “positive” rating and issued a $72.00 target price on shares of Tactile Systems Technology in a research report on Thursday, December 12th. Finally, ValuEngine raised Tactile Systems Technology from a “hold” rating to a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $74.71.

Shares of TCMD stock traded down $0.47 on Friday, hitting $63.60. 115,823 shares of the stock traded hands, compared to its average volume of 184,559. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.26 and a quick ratio of 3.56. The company has a market capitalization of $1.21 billion, a PE ratio of 138.26, a PEG ratio of 7.69 and a beta of 2.22. Tactile Systems Technology has a 1-year low of $40.62 and a 1-year high of $76.63. The company’s fifty day moving average is $62.46 and its 200 day moving average is $55.39.

In other Tactile Systems Technology news, COO Robert J. Folkes sold 2,273 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $60.12, for a total value of $136,652.76. Following the sale, the chief operating officer now directly owns 71,536 shares of the company’s stock, valued at $4,300,744.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Robert J. Folkes sold 2,106 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $65.04, for a total value of $136,974.24. Following the completion of the sale, the chief operating officer now directly owns 69,430 shares in the company, valued at $4,515,727.20. The disclosure for this sale can be found here. Insiders sold 22,877 shares of company stock worth $1,451,413 over the last ninety days. 6.50% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace North America L.P. acquired a new stake in Tactile Systems Technology in the first quarter worth $25,000. PNC Financial Services Group Inc. increased its holdings in shares of Tactile Systems Technology by 54.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 914 shares of the company’s stock valued at $61,000 after purchasing an additional 322 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Tactile Systems Technology during the fourth quarter valued at $76,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Tactile Systems Technology during the fourth quarter valued at $111,000. Finally, South Dakota Investment Council acquired a new position in shares of Tactile Systems Technology during the fourth quarter valued at $182,000. 97.92% of the stock is currently owned by hedge funds and other institutional investors.

About Tactile Systems Technology

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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