Tactile Systems Technology (TCMD) Set to Announce Earnings on Monday

Tactile Systems Technology (NASDAQ:TCMD) is scheduled to be announcing its earnings results 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.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings data on Monday, May 6th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.06. The company had revenue of $61.09 million during the quarter, compared to the consensus estimate of $59.10 million. Tactile Systems Technology had a net margin of 10.19% and a return on equity of 15.88%. 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 Stock Performance

NASDAQ TCMD opened at $12.26 on Friday. Tactile Systems Technology has a twelve month low of $9.69 and a twelve month high of $22.80. The company has a quick ratio of 3.63, a current ratio of 4.26 and a debt-to-equity ratio of 0.13. The stock has a market cap of $291.30 million, a P/E ratio of 10.22 and a beta of 1.18. The company’s 50-day simple moving average is $12.09 and its 200 day simple moving average is $13.90.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Tactile Systems Technology

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

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.