Tactile Systems Technology, Inc. (NASDAQ:TCMD) to Post Q3 2024 Earnings of $0.19 Per Share, B. Riley Forecasts

Tactile Systems Technology, Inc. (NASDAQ:TCMD) – Investment analysts at B. Riley issued their Q3 2024 earnings estimates for shares of Tactile Systems Technology in a research note issued to investors on Wednesday, September 25th. B. Riley analyst K. Bauser anticipates 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 $0.63 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.

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 Stock Down 0.9 %

Tactile Systems Technology stock opened at $14.22 on Monday. Tactile Systems Technology has a 1-year low of $9.69 and a 1-year high of $16.95. The firm has a market capitalization of $337.87 million, a price-to-earnings ratio of 11.85 and a beta of 1.17. 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 firm has a 50 day simple moving average of $13.22 and a 200 day simple moving average of $13.43.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $73.22 million during the quarter, compared to analyst estimates of $72.62 million.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. First Light Asset Management LLC grew its stake in 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 in the last quarter. Janus Henderson Group PLC purchased a new position in shares of Tactile Systems Technology during the 1st quarter valued at $815,000. Wasatch Advisors LP purchased a new position in shares of Tactile Systems Technology during the 1st quarter valued at $8,687,000. Paradigm Capital Management Inc. NY grew its position in shares of Tactile Systems Technology by 90.1% during 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 purchased a new position in shares of Tactile Systems Technology during the 2nd quarter valued at $706,000. 83.43% of the stock is currently owned by hedge funds and other institutional investors.

About Tactile Systems Technology

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.