Equities analysts expect Tandem Diabetes Care Inc (NASDAQ:TNDM) to post ($1.30) earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Tandem Diabetes Care’s earnings, with the highest EPS estimate coming in at ($1.21) and the lowest estimate coming in at ($1.37). Tandem Diabetes Care reported earnings of ($4.80) per share during the same quarter last year, which suggests a positive year over year growth rate of 72.9%. The business is expected to report its next quarterly earnings report on Wednesday, March 14th.

On average, analysts expect that Tandem Diabetes Care will report full-year earnings of ($15.37) per share for the current year, with EPS estimates ranging from ($16.99) to ($13.31). For the next fiscal year, analysts forecast that the firm will post earnings of ($5.72) per share, with EPS estimates ranging from ($10.40) to ($2.87). Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Tandem Diabetes Care.

Tandem Diabetes Care (NASDAQ:TNDM) last posted its earnings results on Thursday, October 26th. The medical device company reported ($3.09) EPS for the quarter, topping the Zacks’ consensus estimate of ($3.74) by $0.65. The business had revenue of $27.00 million during the quarter, compared to analyst estimates of $25.92 million. Tandem Diabetes Care had a negative return on equity of 1,177.11% and a negative net margin of 79.45%. The company’s quarterly revenue was up 119.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.97) EPS.

Several analysts recently commented on TNDM shares. Zacks Investment Research raised Tandem Diabetes Care from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a report on Thursday, September 28th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Tandem Diabetes Care in a report on Friday, October 6th. Wedbush reaffirmed an “outperform” rating and issued a $17.00 price objective (down previously from $50.00) on shares of Tandem Diabetes Care in a report on Tuesday, October 10th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $3.00 price objective on shares of Tandem Diabetes Care in a report on Sunday, November 19th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $11.29.

In other news, CEO Kim D. Blickenstaff acquired 285,700 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The stock was bought at an average price of $3.50 per share, with a total value of $999,950.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 20.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in TNDM. Bank of America Corp DE grew its holdings in Tandem Diabetes Care by 88.6% during the first quarter. Bank of America Corp DE now owns 861,026 shares of the medical device company’s stock valued at $1,032,000 after purchasing an additional 404,452 shares during the period. Russell Investments Group Ltd. grew its holdings in Tandem Diabetes Care by 93.3% during the second quarter. Russell Investments Group Ltd. now owns 581,245 shares of the medical device company’s stock valued at $465,000 after purchasing an additional 280,551 shares during the period. Wedbush Securities Inc. grew its holdings in Tandem Diabetes Care by 88.6% during the third quarter. Wedbush Securities Inc. now owns 188,877 shares of the medical device company’s stock valued at $138,000 after purchasing an additional 88,709 shares during the period. Keybank National Association OH grew its holdings in Tandem Diabetes Care by 32.7% during the second quarter. Keybank National Association OH now owns 293,206 shares of the medical device company’s stock valued at $235,000 after purchasing an additional 72,177 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Tandem Diabetes Care by 2.7% during the second quarter. Vanguard Group Inc. now owns 1,233,607 shares of the medical device company’s stock valued at $987,000 after purchasing an additional 32,991 shares during the period.

Shares of Tandem Diabetes Care (NASDAQ:TNDM) traded down $0.10 on Thursday, hitting $2.40. The company had a trading volume of 287,905 shares, compared to its average volume of 200,990. The company has a debt-to-equity ratio of -2.70, a current ratio of 1.90 and a quick ratio of 0.88. Tandem Diabetes Care has a one year low of $2.15 and a one year high of $30.00.

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Tandem Diabetes Care Company Profile

Tandem Diabetes Care, Inc is a medical device company. The Company is engaged in designing, developing and commercializing products for people with insulin-dependent diabetes. The Company manufactures and sells three insulin pump products, which include t:slim Insulin Delivery System (t:slim), t:flex Insulin Delivery System (t:flex) and t:slim G4 Insulin Delivery System (t:slim G4).

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Earnings History and Estimates for Tandem Diabetes Care (NASDAQ:TNDM)

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