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Equities analysts expect that Tactile Techniques Technologies, Inc. (NASDAQ:TCMD – Get Rating) will post gross sales of $44.91 million for the existing quarter, in accordance to Zacks. 3 analysts have issued estimates for Tactile Devices Technology’s earnings, with the greatest gross sales estimate coming in at $46.00 million and the cheapest estimate coming in at $44.30 million. Tactile Units Technology posted product sales of $42.77 million in the very same quarter past calendar year, which implies a favourable year-above-year development amount of 5%. The agency is scheduled to announce its future quarterly earnings report after the marketplace closes on Monday, January 1st.
On common, analysts assume that Tactile Devices Technology will report complete calendar year gross sales of $236.85 million for the current yr, with estimates ranging from $236.35 million to $237.40 million. For the future 12 months, analysts anticipate that the small business will post sales of $277.13 million, with estimates ranging from $265.10 million to $283.40 million. Zacks Expenditure Research’s revenue calculations are a mean ordinary centered on a study of research analysts that deal with Tactile Systems Technological know-how.
Tactile Techniques Engineering (NASDAQ:TCMD – Get Score) final declared its quarterly earnings outcomes on Monday, February 21st. The organization documented ($.38) earnings for each share (EPS) for the quarter, lacking the Zacks’ consensus estimate of $.06 by ($.44). Tactile Units Technological innovation experienced a unfavorable return on equity of 7.31% and a destructive web margin of 5.68%. Throughout the exact same quarter in the previous year, the business earned $.61 EPS.
TCMD has been the topic of various modern analyst experiences. Piper Sandler lessened their price tag goal on shares of Tactile Units Technology from $40.00 to $28.00 in a report on Wednesday, February 23rd. StockNews.com initiated protection on shares of Tactile Systems Engineering in a report on Thursday, March 31st. They established a “hold” ranking on the stock. BTIG Investigate lessened their value objective on shares of Tactile Techniques Know-how from $44.00 to $29.00 in a report on Wednesday, February 23rd. Zacks Expense Study upgraded shares of Tactile Programs Engineering from a “strong sell” score to a “hold” score in a study report on Tuesday, January 11th. Finally, TheStreet slice shares of Tactile Methods Technological innovation from a “c-” score to a “d” score in a study report on Wednesday, February 23rd. Two analysts have rated the inventory with a maintain ranking and three have issued a obtain ranking to the enterprise. Dependent on data from MarketBeat.com, Tactile Devices Technological know-how has an normal ranking of “Buy” and an normal price concentrate on of $38.00.
Institutional investors have not long ago added to or reduced their stakes in the stock. Marshall Wace North The usa L.P. acquired a new stake in Tactile Devices Engineering during the initial quarter worthy of about $25,000. Advisor Team Holdings Inc. elevated its placement in shares of Tactile Techniques Technological know-how by 20.3% in the course of the 3rd quarter. Advisor Team Holdings Inc. now owns 2,546 shares of the company’s stock valued at $113,000 immediately after getting an more 429 shares during the previous quarter. KBC Group NV enhanced its position in shares of Tactile Devices Technologies by 315.7% in the course of the 3rd quarter. KBC Team NV now owns 2,939 shares of the company’s stock valued at $131,000 following attaining an extra 2,232 shares for the duration of the last quarter. Franklin Means Inc. acquired a new stake in shares of Tactile Techniques Technology all through the 3rd quarter valued at about $203,000. Lastly, Victory Funds Administration Inc. obtained a new stake in shares of Tactile Programs Technology during the third quarter valued at about $249,000. Hedge funds and other institutional investors possess 98.59% of the company’s stock.
TCMD opened at $18.85 on Friday. The business has a quick ratio of 2.74, a current ratio of 3.29 and a credit card debt-to-fairness ratio of .40. The company has a marketplace cap of $375.68 million, a rate-to-earnings ratio of -31.42 and a beta of 1.37. Tactile Devices Technology has a 52-week lower of $13.37 and a 52-week higher of $61.13. The firm’s fifty working day very simple shifting typical is $17.89 and its two-hundred working day very simple shifting common is $23.88.
About Tactile Devices Know-how (Get Ranking)
Tactile Systems Technological innovation, Inc, a medical technologies business, engages in the advancement and provision of clinical equipment for long-term ailments in the United States. The business delivers Flexitouch Moreover program, a pneumatic compression system for the treatment of lymphedema Entre process, a portable pneumatic compression product that is utilized for the at-property cure of venous ailments, this sort of as lymphedema and chronic venous insufficiency, including venous leg ulcers and AffloVest, a transportable higher frequency upper body wall oscillation examination for the treatment of retained pulmonary secretions these types of as bronchiectasis, cystic fibrosis, and several neuromuscular problems.
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