Nucor earnings beat by $0.08, revenue fell short of estimates
Elaine M. Birkemeyer, the Chief Financial Officer of Tactile Systems Technology Inc . (NASDAQ:TCMD), a company currently rated with "GREAT" financial health according to InvestingPro analysis, recently sold 2,066 shares of the company’s common stock. The stock, which has declined 15% year-to-date, currently appears undervalued based on comprehensive Fair Value analysis. The transaction, which took place on February 25, 2025, was executed at an average price of $14.51 per share, resulting in a total sale value of approximately $29,979.
Following this transaction, Birkemeyer retains ownership of 102,032 shares in the company. The sale was conducted under a 10b5-1 trading plan, which was adopted on June 10, 2024. According to the filing, the shares were sold to cover taxes related to the settlement of stock units.
In other recent news, Tactile Systems Technology reported fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.40, compared to a forecast of $0.31. The company also reported revenues of $85.6 million, slightly exceeding the anticipated $85.41 million. Despite these positive results, B.Riley downgraded Tactile Systems from Buy to Neutral, adjusting the price target to $18 from $23, citing concerns over slowing earnings growth and ongoing legal challenges. Tactile Systems’ guidance for fiscal year 2025 includes expected revenues between $316 million and $322 million, aligning with analysts’ expectations, although the adjusted EBITDA forecast fell short of consensus estimates. The company’s strategic focus includes expanding its product lines and improving patient access to care, which it hopes will drive revenue growth of 8-10% in 2025. Additionally, Tactile Systems is addressing market challenges, such as potential market saturation and legal matters, which could impact future growth. The firm’s leadership emphasized investments in innovation and restructuring to maintain long-term growth, despite the challenges outlined by analysts.
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