Tactile Systems Technology (TCMD) to Release Earnings on Monday

Tactile Systems Technology (NASDAQ:TCMD) will issue its quarterly earnings data after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Tactile Systems Technology has set its FY 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings results on Monday, May 6th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.06. Tactile Systems Technology had a net margin of 10.19% and a return on equity of 15.88%. The business had revenue of $61.09 million for the quarter, compared to the consensus estimate of $59.10 million. On average, analysts expect Tactile Systems Technology to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Tactile Systems Technology Price Performance

Shares of Tactile Systems Technology stock opened at $12.26 on Friday. The company has a 50-day simple moving average of $12.09 and a two-hundred day simple moving average of $13.90. Tactile Systems Technology has a twelve month low of $9.69 and a twelve month high of $22.80. The stock has a market capitalization of $291.30 million, a price-to-earnings ratio of 10.22 and a beta of 1.18. The company has a quick ratio of 3.63, a current ratio of 4.26 and a debt-to-equity ratio of 0.13.

Insider Activity at Tactile Systems Technology

In other Tactile Systems Technology news, CFO Elaine M. Birkemeyer sold 3,041 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $13.68, for a total transaction of $41,600.88. Following the sale, the chief financial officer now directly owns 61,295 shares in the company, valued at $838,515.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director William W. Burke sold 2,500 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $14.06, for a total transaction of $35,150.00. Following the completion of the transaction, the director now owns 25,273 shares of the company’s stock, valued at approximately $355,338.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Elaine M. Birkemeyer sold 3,041 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $13.68, for a total value of $41,600.88. Following the sale, the chief financial officer now owns 61,295 shares of the company’s stock, valued at $838,515.60. The disclosure for this sale can be found here. Insiders sold a total of 6,356 shares of company stock valued at $88,462 over the last quarter. 0.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com cut Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 18th.

About Tactile Systems Technology

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.