Tactile Systems Technology (TCMD) to Release Earnings on Monday

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) is set 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.Investors that wish to listen to the company's conference call can do so using this link.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $77.65 million for the quarter, compared to analysts' expectations of $78.85 million. During the same quarter in the prior 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 Price Performance

NASDAQ:TCMD traded down $0.17 during midday trading on Monday, hitting $14.13. The company had a trading volume of 148,959 shares, compared to its average volume of 283,078. Tactile Systems Technology has a 52-week low of $9.69 and a 52-week high of $26.11. The stock's fifty day moving average price is $15.33 and its 200-day moving average price is $14.06. The company has a market capitalization of $335.71 million, a PE ratio of 11.78 and a beta of 1.19. 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

In related news, VP Kristie Burns sold 2,249 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $14.80, for a total value of $33,285.20. Following the completion of the transaction, the vice president now directly owns 53,765 shares in the company, valued at $795,722. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Tactile Systems Technology news, CEO Daniel L. Reuvers sold 5,378 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $14.85, for a total transaction of $79,863.30. Following the completion of the sale, the chief executive officer now directly owns 192,321 shares in the company, valued at $2,855,966.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Kristie Burns sold 2,249 shares of the company's stock in a transaction dated 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 $795,722. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,520 shares of company stock worth $268,820. 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.