Tactile Systems Technology (TCMD) to Release Earnings on Monday

Posted by Logan Wallace on Nov 3rd, 2024

Tactile Systems Technology (NASDAQ:TCMD – Get Free Report) will be issuing its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Tactile Systems Technology (NASDAQ:TCMD – Get Free Report) last posted its earnings results on Monday, August 5th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. Tactile Systems Technology had a net margin of 11.57% and a return on equity of 16.94%. The business had revenue of $73.22 million for the quarter, compared to analyst estimates of $72.62 million. 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 Up 1.2 %

Shares of NASDAQ:TCMD opened at $14.69 on Friday. The firm has a fifty day moving average price of $13.99 and a two-hundred day moving average price of $13.20. The company has a market cap of $349.03 million, a price-to-earnings ratio of 10.65 and a beta of 1.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.44 and a quick ratio of 3.89. Tactile Systems Technology has a one year low of $9.69 and a one year high of $16.95.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TCMD shares. B. Riley began coverage on Tactile Systems Technology in a research note on Thursday, September 26th. They set a “buy” rating and a $23.00 price objective for the company. StockNews.com upgraded Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 20th.

Read Our Latest Stock Analysis on TCMD

Tactile Systems Technology Company Profile

(Get Free Report)

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.