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

Tactile Systems Technology (NASDAQ:TCMD) issued its quarterly earnings data on Monday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06), Zacks reports. Tactile Systems Technology had a return on equity of 9.37% and a net margin of 5.79%. During the same quarter in the prior year, the company posted ($0.05) EPS. Tactile Systems Technology updated its FY 2025 guidance to EPS.

Tactile Systems Technology Stock Down 1.0 %

Shares of TCMD stock opened at $13.94 on Tuesday. The firm’s fifty day moving average price is $13.66 and its two-hundred day moving average price is $15.71. The company has a current ratio of 4.36, a quick ratio of 3.80 and a debt-to-equity ratio of 0.11. Tactile Systems Technology has a 1 year low of $10.87 and a 1 year high of $21.10. The firm has a market capitalization of $329.90 million, a P/E ratio of 19.91 and a beta of 1.05.

Analyst Ratings Changes

A number of research firms have issued reports on TCMD. B. Riley cut Tactile Systems Technology from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $23.00 to $18.00 in a report on Wednesday, February 19th. StockNews.com downgraded Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 29th.

Insider Transactions at Tactile Systems Technology

In other news, CFO Elaine M. Birkemeyer sold 3,778 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $14.70, for a total value of $55,536.60. Following the completion of the sale, the chief financial officer now directly owns 104,098 shares of the company’s stock, valued at $1,530,240.60. This trade represents a 3.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Kristie Burns sold 4,830 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $14.65, for a total transaction of $70,759.50. Following the completion of the transaction, the vice president now directly owns 84,008 shares in the company, valued at $1,230,717.20. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,546 shares of company stock worth $285,444 in the last three months. Insiders own 2.50% 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.