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

Tactile Systems Technology (NASDAQ:TCMD) is set to release its earnings data after the market closes on Monday, May 6th. Analysts expect Tactile Systems Technology to post earnings of ($0.11) per share for the quarter. Tactile Systems Technology has set its FY 2024 guidance at EPS.Persons that are interested in participating in 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $77.65 million for the quarter, compared to analysts’ expectations of $78.85 million. During the same quarter last year, the company 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 Down 1.1 %

TCMD stock opened at $14.28 on Friday. The business’s 50-day moving average is $15.30 and its two-hundred day moving average is $14.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.99 and a current ratio of 3.54. The company has a market cap of $339.17 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.

Insider Activity at Tactile Systems Technology

In other news, CEO Daniel L. Reuvers sold 6,239 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $15.81, for a total value of $98,638.59. Following the completion of the transaction, the chief executive officer now owns 244,112 shares of the company’s stock, valued at $3,859,410.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Daniel L. Reuvers sold 6,239 shares of Tactile Systems Technology stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $15.81, for a total value of $98,638.59. Following the sale, the chief executive officer now directly owns 244,112 shares of the company’s stock, valued at $3,859,410.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kristie Burns sold 2,249 shares of Tactile Systems Technology 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 completion of the sale, the vice president now directly owns 53,765 shares in the company, valued at approximately $795,722. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,520 shares of company stock worth $268,820. 0.96% of the stock is owned by company 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.