FY2022 EPS Estimates for Tactile Systems Technology, Inc. Raised by William Blair (NASDAQ:TCMD)

Tactile Systems Technology, Inc. (NASDAQ:TCMDGet Rating) – Equities research analysts at William Blair upped their FY2022 EPS estimates for shares of Tactile Systems Technology in a research report issued on Monday, November 7th. William Blair analyst M. Kaczor now anticipates that the company will post earnings of ($0.31) per share for the year, up from their prior estimate of ($0.51). The consensus estimate for Tactile Systems Technology’s current full-year earnings is ($0.57) per share. William Blair also issued estimates for Tactile Systems Technology’s Q4 2022 earnings at $0.15 EPS, Q1 2023 earnings at ($0.32) EPS, Q3 2023 earnings at $0.11 EPS, Q4 2023 earnings at $0.29 EPS and FY2023 earnings at $0.01 EPS.

A number of other research firms also recently weighed in on TCMD. StockNews.com upgraded shares of Tactile Systems Technology from a “hold” rating to a “buy” rating in a report on Tuesday. Oppenheimer reduced their target price on shares of Tactile Systems Technology from $35.00 to $18.00 and set an “outperform” rating on the stock in a report on Tuesday, August 2nd. BTIG Research reduced their target price on shares of Tactile Systems Technology from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, July 18th. Finally, Piper Sandler reduced their target price on shares of Tactile Systems Technology from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, August 2nd. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $23.33.

Tactile Systems Technology Stock Performance

Shares of NASDAQ TCMD opened at $8.47 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.88 and a current ratio of 2.30. The company has a market cap of $170.71 million, a P/E ratio of -5.65 and a beta of 1.34. The firm’s fifty day moving average is $7.67 and its two-hundred day moving average is $8.84. Tactile Systems Technology has a 52-week low of $6.28 and a 52-week high of $29.89.

Tactile Systems Technology (NASDAQ:TCMDGet Rating) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.20. The company had revenue of $65.26 million for the quarter, compared to the consensus estimate of $60.20 million. Tactile Systems Technology had a negative net margin of 12.78% and a negative return on equity of 12.57%.

Hedge Funds Weigh In On Tactile Systems Technology

Large investors have recently made changes to their positions in the company. HighMark Wealth Management LLC purchased a new position in shares of Tactile Systems Technology during the 2nd quarter worth about $29,000. PNC Financial Services Group Inc. boosted its stake in shares of Tactile Systems Technology by 219.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,016 shares of the company’s stock worth $40,000 after purchasing an additional 1,385 shares during the period. UBS Group AG boosted its stake in shares of Tactile Systems Technology by 25.1% during the 3rd quarter. UBS Group AG now owns 6,349 shares of the company’s stock worth $50,000 after purchasing an additional 1,274 shares during the period. Banque Cantonale Vaudoise boosted its stake in shares of Tactile Systems Technology by 75.0% during the 2nd quarter. Banque Cantonale Vaudoise now owns 7,000 shares of the company’s stock worth $51,000 after purchasing an additional 3,000 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Tactile Systems Technology by 537.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,202 shares of the company’s stock worth $66,000 after purchasing an additional 7,759 shares during the period. 84.98% of the stock is owned by hedge funds and other institutional investors.

About Tactile Systems Technology

(Get Rating)

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; 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; and AffloVest, a portable high frequency chest wall oscillation test for the treatment of retained pulmonary secretions such as bronchiectasis, cystic fibrosis, and various neuromuscular disorders.

Read More

Earnings History and Estimates for Tactile Systems Technology (NASDAQ:TCMD)

Receive News & Ratings for Tactile Systems Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tactile Systems Technology and related companies with MarketBeat.com's FREE daily email newsletter.