Tactile Systems Technology (NASDAQ:TCMD) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) announced its earnings results on Monday. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06), Zacks reports. Tactile Systems Technology had a net margin of 5.79% and a return on equity of 9.37%. The company had revenue of $61.27 million for the quarter, compared to analysts' expectations of $63.48 million. During the same quarter in the previous year, the business posted ($0.05) earnings per share. Tactile Systems Technology updated its FY 2025 guidance to EPS.

Tactile Systems Technology Stock Down 2.2 %

NASDAQ:TCMD traded down $0.21 during trading hours on Friday, reaching $9.52. The company had a trading volume of 367,395 shares, compared to its average volume of 260,669. Tactile Systems Technology has a twelve month low of $8.61 and a twelve month high of $21.10. The business's 50-day simple moving average is $13.30 and its two-hundred day simple moving average is $15.57. The company has a quick ratio of 3.80, a current ratio of 4.36 and a debt-to-equity ratio of 0.11. The firm has a market cap of $225.30 million, a price-to-earnings ratio of 13.60 and a beta of 1.05.

Insiders Place Their Bets

In related news, CFO Elaine M. Birkemeyer sold 3,778 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $14.70, for a total transaction of $55,536.60. Following the sale, the chief financial officer now owns 104,098 shares of the company's stock, valued at approximately $1,530,240.60. This represents a 3.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William W. Burke sold 3,300 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $9.67, for a total transaction of $31,911.00. Following the sale, the director now owns 48,520 shares in the company, valued at approximately $469,188.40. This trade represents a 6.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,846 shares of company stock valued at $317,355. Corporate insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TCMD. B. Riley raised Tactile Systems Technology to a "hold" rating in a research note on Wednesday. Piper Sandler downgraded shares of Tactile Systems Technology from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $25.00 to $14.00 in a research note on Tuesday. Finally, StockNews.com cut shares of Tactile Systems Technology from a "buy" rating to a "hold" rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $16.00.

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.