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

Tactile Systems Technology (NASDAQ:TCMD) is set to issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Tactile Systems Technology has set its FY 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.25. The company had revenue of $77.65 million for the quarter, compared to analysts’ expectations of $78.85 million. Tactile Systems Technology had a net margin of 10.39% and a return on equity of 17.08%. During the same period in the previous year, the company posted $0.29 EPS. 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 Down 1.1 %

Shares of NASDAQ:TCMD opened at $14.28 on Friday. The company has a market cap of $339.16 million, a price-to-earnings ratio of 11.90 and a beta of 1.23. Tactile Systems Technology has a fifty-two week low of $9.69 and a fifty-two week high of $26.11. The firm’s 50-day simple moving average is $15.30 and its 200-day simple moving average is $14.12. The company has a quick ratio of 2.99, a current ratio of 3.54 and a debt-to-equity ratio of 0.14.

Insider Buying and Selling at Tactile Systems Technology

In related news, VP Kristie Burns sold 2,249 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $14.80, for a total value of $33,285.20. Following the sale, the vice president now owns 53,765 shares of the company’s stock, valued at approximately $795,722. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Tactile Systems Technology news, CEO Daniel L. Reuvers sold 6,239 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $15.81, for a total transaction of $98,638.59. Following the completion of the transaction, the chief executive officer now directly owns 244,112 shares of the company’s stock, valued at approximately $3,859,410.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Kristie Burns sold 2,249 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $14.80, for a total transaction of $33,285.20. Following the sale, the vice president now owns 53,765 shares of the company’s stock, valued at approximately $795,722. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,520 shares of company stock valued at $268,820. Corporate insiders own 0.96% of the company’s stock.

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.