Tactile Systems Technology (TCMD) to Release Earnings on Monday

Tactile Systems Technology (NASDAQ:TCMD) is scheduled to announce its earnings results 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.Individual that wish to register for the company’s earnings conference call can do so using this link.

Tactile Systems Technology (NASDAQ:TCMD) last issued its earnings results on Tuesday, February 20th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.25. Tactile Systems Technology had a net margin of 10.39% and a return on equity of 17.08%. The firm had revenue of $77.65 million during the quarter, compared to the consensus estimate of $78.85 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. 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 Up 0.2 %

Tactile Systems Technology stock opened at $14.30 on Monday. The stock’s fifty day moving average is $15.34 and its two-hundred day moving average is $14.04. The stock has a market cap of $339.77 million, a PE ratio of 11.92 and a beta of 1.19. Tactile Systems Technology has a 1-year low of $9.69 and a 1-year high of $26.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.54 and a quick ratio of 2.99.

Insider Transactions at Tactile Systems Technology

In other Tactile Systems Technology news, VP Kristie Burns sold 2,015 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $15.90, for a total value of $32,038.50. Following the completion of the transaction, the vice president now owns 63,512 shares in the company, valued at $1,009,840.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Kristie Burns sold 2,015 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $15.90, for a total value of $32,038.50. Following the completion of the sale, the vice president now directly owns 63,512 shares of the company’s stock, valued at approximately $1,009,840.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel L. Reuvers sold 5,378 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $14.85, for a total value of $79,863.30. Following the transaction, the chief executive officer now owns 192,321 shares in the company, valued at approximately $2,855,966.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,520 shares of company stock worth $268,820. 0.96% of the stock is currently owned by insiders.

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.