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

Tactile Systems Technology (NASDAQ:TCMD) will 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.Persons interested in registering for the company’s earnings conference call can do so using this link.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.38 earnings per share 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 business 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 earned $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 Trading Down 1.1 %

Shares of TCMD stock opened at $14.28 on Friday. Tactile Systems Technology has a twelve month low of $9.69 and a twelve month high of $26.11. The company has a current ratio of 3.54, a quick ratio of 2.99 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $15.30 and its two-hundred day moving average is $14.10. The company has a market capitalization of $339.17 million, a P/E ratio of 11.90 and a beta of 1.23.

Insider Buying and Selling

In related news, CEO Daniel L. Reuvers sold 6,239 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $15.81, for a total transaction of $98,638.59. Following the transaction, the chief executive officer now directly owns 244,112 shares in the company, valued at $3,859,410.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Tactile Systems Technology news, CEO Daniel L. Reuvers sold 5,378 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $14.85, for a total transaction of $79,863.30. Following the transaction, the chief executive officer now owns 192,321 shares of the company’s stock, valued at approximately $2,855,966.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Daniel L. Reuvers sold 6,239 shares of the business’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 sale, the chief executive officer now owns 244,112 shares of the company’s stock, valued at approximately $3,859,410.72. The disclosure for this sale can be found here. Insiders have sold 17,520 shares of company stock worth $268,820 in the last three months. Corporate insiders own 0.96% of the company’s stock.

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.