Tactile Systems Technology, Inc. Expected to Earn Q3 2024 Earnings of $0.19 Per Share (NASDAQ:TCMD)

Tactile Systems Technology, Inc. (NASDAQ:TCMD) – B. Riley issued their Q3 2024 EPS estimates for Tactile Systems Technology in a research note issued to investors on Wednesday, September 25th. B. Riley analyst K. Bauser forecasts that the company will post earnings per share of $0.19 for the quarter. B. Riley currently has a “Strong-Buy” rating on the stock. The consensus estimate for Tactile Systems Technology’s current full-year earnings is $0.64 per share. B. Riley also issued estimates for Tactile Systems Technology’s Q4 2024 earnings at $0.32 EPS, FY2024 earnings at $0.66 EPS, Q1 2025 earnings at ($0.06) EPS, Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.23 EPS, Q4 2025 earnings at $0.38 EPS, FY2025 earnings at $0.76 EPS and FY2026 earnings at $1.03 EPS.

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

Separately, StockNews.com upgraded shares of Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 20th.

Tactile Systems Technology Price Performance

TCMD stock opened at $14.30 on Monday. The company has a current ratio of 4.44, a quick ratio of 3.89 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $339.77 million, a PE ratio of 11.92 and a beta of 1.17. Tactile Systems Technology has a 12-month low of $9.69 and a 12-month high of $16.95. The business’s fifty day moving average price is $13.25 and its 200 day moving average price is $13.40.

Institutional Trading of Tactile Systems Technology

Hedge funds have recently modified their holdings of the stock. First Light Asset Management LLC boosted its stake in shares of Tactile Systems Technology by 38.1% in the 4th quarter. First Light Asset Management LLC now owns 2,859,954 shares of the company’s stock valued at $40,897,000 after buying an additional 788,535 shares during the period. Janus Henderson Group PLC acquired a new position in Tactile Systems Technology during the 1st quarter worth approximately $815,000. Wasatch Advisors LP purchased a new stake in shares of Tactile Systems Technology in the 1st quarter valued at approximately $8,687,000. Paradigm Capital Management Inc. NY raised its holdings in shares of Tactile Systems Technology by 90.1% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,183,800 shares of the company’s stock valued at $14,135,000 after purchasing an additional 561,073 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Tactile Systems Technology in the 2nd quarter valued at $706,000. 83.43% of the stock is currently owned by institutional investors and hedge funds.

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.