Tactile Systems Technology (TCMD) to Release Earnings on Tuesday

Tactile Systems Technology (NASDAQ:TCMD) will likely be posting its quarterly earnings results after the market closes on Tuesday, February 18th. Analysts expect Tactile Systems Technology to post earnings of $0.31 per share and revenue of $85.39 million 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 Stock Performance

Shares of TCMD opened at $17.33 on Friday. Tactile Systems Technology has a 52 week low of $11.12 and a 52 week high of $21.10. The business’s 50 day moving average price is $17.47 and its 200-day moving average price is $15.56. The company has a quick ratio of 3.80, a current ratio of 4.37 and a debt-to-equity ratio of 0.12. The stock has a market cap of $415.92 million, a P/E ratio of 26.66 and a beta of 1.20.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TCMD. StockNews.com lowered shares of Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th. Oppenheimer cut shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th. Finally, BTIG Research cut shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Tuesday, November 5th.

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.