B. Riley Analysts Increase Earnings Estimates for TCMD

Tactile Systems Technology, Inc. (NASDAQ:TCMD) – B. Riley upped their FY2024 EPS estimates for Tactile Systems Technology in a note issued to investors on Tuesday, November 5th. B. Riley analyst K. Bauser now anticipates that the company will post earnings of $0.69 per share for the year, up from their previous estimate of $0.66. B. Riley 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 $0.33 EPS, Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.40 EPS and FY2025 earnings at $0.80 EPS.

Several other equities analysts also recently issued reports on TCMD. StockNews.com upgraded shares of Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a report on Friday, September 20th. Oppenheimer lowered shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Finally, BTIG Research downgraded shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday.

Tactile Systems Technology Trading Up 8.9 %

Tactile Systems Technology stock opened at $14.62 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.89 and a current ratio of 4.44. The stock has a market cap of $347.37 million, a PE ratio of 22.49 and a beta of 1.17. The stock has a 50-day moving average of $14.07 and a two-hundred day moving average of $13.20. Tactile Systems Technology has a one year low of $9.69 and a one year high of $16.95.

Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings data 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 return on equity of 9.38% and a net margin of 5.42%. The firm had revenue of $73.22 million during the quarter, compared to analysts’ expectations of $72.62 million.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Paradigm Capital Management Inc. NY boosted its position in Tactile Systems Technology by 90.1% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,183,800 shares of the company’s stock valued at $14,135,000 after buying an additional 561,073 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Tactile Systems Technology by 324.9% in the 2nd quarter. Pinnacle Associates Ltd. now owns 317,024 shares of the company’s stock valued at $3,785,000 after acquiring an additional 242,413 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Tactile Systems Technology in the third quarter worth $1,803,000. Los Angeles Capital Management LLC purchased a new position in shares of Tactile Systems Technology during the second quarter worth $1,187,000. Finally, Federated Hermes Inc. lifted its position in Tactile Systems Technology by 26.5% during the second quarter. Federated Hermes Inc. now owns 433,660 shares of the company’s stock valued at $5,178,000 after purchasing an additional 90,960 shares during the period. 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.