Tactile Systems Technology, Inc. (NASDAQ:TCMD) Forecasted to Post Q3 2024 Earnings of $0.19 Per Share

Tactile Systems Technology, Inc. (NASDAQ:TCMD) – B. Riley issued their Q3 2024 earnings per share (EPS) estimates for shares of Tactile Systems Technology in a note issued to investors on Wednesday, September 25th. B. Riley analyst K. Bauser expects that the company will post earnings per share of $0.19 for the quarter. B. Riley currently has a “Strong-Buy” rating on the stock. The consensus estimate for Tactile Systems Technology’s current full-year earnings is $0.64 per share. B. Riley also issued estimates for Tactile Systems Technology’s Q4 2024 earnings at $0.32 EPS, FY2024 earnings at $0.66 EPS, Q1 2025 earnings at ($0.06) EPS, Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.23 EPS, Q4 2025 earnings at $0.38 EPS, FY2025 earnings at $0.76 EPS and FY2026 earnings at $1.03 EPS.

Separately, StockNews.com raised Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 20th.

Tactile Systems Technology Price Performance

Shares of Tactile Systems Technology stock opened at $14.30 on Monday. The stock has a market capitalization of $339.77 million, a P/E ratio of 11.92 and a beta of 1.17. The business has a 50 day simple moving average of $13.25 and a two-hundred day simple moving average of $13.40. Tactile Systems Technology has a 12 month low of $9.69 and a 12 month high of $16.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.44 and a quick ratio of 3.89.

Tactile Systems Technology (NASDAQ:TCMD) last released its earnings results on Monday, August 5th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The business had revenue of $73.22 million during the quarter, compared to analysts’ expectations of $72.62 million. Tactile Systems Technology had a net margin of 11.57% and a return on equity of 16.94%.

Institutional Trading of Tactile Systems Technology

Hedge funds have recently bought and sold shares of the business. Palisade Asset Management LLC purchased a new stake in Tactile Systems Technology in the 1st quarter valued at $32,000. Quarry LP acquired a new stake in shares of Tactile Systems Technology during the 2nd quarter worth approximately $46,000. RiverPark Advisors LLC raised its position in shares of Tactile Systems Technology by 802.5% during the 1st quarter. RiverPark Advisors LLC now owns 8,610 shares of the company’s stock valued at $140,000 after buying an additional 7,656 shares during the period. Sequoia Financial Advisors LLC acquired a new position in Tactile Systems Technology in the first quarter valued at approximately $166,000. Finally, Cornerstone Investment Partners LLC purchased a new position in Tactile Systems Technology in the first quarter worth approximately $167,000. Institutional investors and hedge funds own 83.43% 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.