Computer Programs & Systems (NASDAQ:CPSI) is set to issue its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Computer Programs & Systems (NASDAQ:CPSI) last announced its earnings results on Thursday, May 2nd. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.07). The business had revenue of $69.14 million for the quarter, compared to the consensus estimate of $70.81 million. Computer Programs & Systems had a net margin of 6.14% and a return on equity of 15.09%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 earnings per share. On average, analysts expect Computer Programs & Systems to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NASDAQ CPSI traded down $0.30 during trading hours on Tuesday, hitting $25.69. 2,219 shares of the company’s stock traded hands, compared to its average volume of 83,143. The stock has a fifty day simple moving average of $27.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.71 and a quick ratio of 1.67. The firm has a market capitalization of $368.22 million, a price-to-earnings ratio of 13.26, a P/E/G ratio of 1.73 and a beta of 0.43. Computer Programs & Systems has a 52 week low of $23.81 and a 52 week high of $34.00.
In other Computer Programs & Systems news, insider Victor S. Schneider sold 7,126 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $26.57, for a total transaction of $189,337.82. Following the transaction, the insider now directly owns 58,179 shares in the company, valued at approximately $1,545,816.03. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Matt J. Chambless sold 10,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $28.66, for a total transaction of $286,600.00. Following the transaction, the chief financial officer now owns 43,185 shares in the company, valued at $1,237,682.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,605 shares of company stock worth $1,069,138. 12.30% of the stock is owned by company insiders.
A number of equities analysts have weighed in on CPSI shares. ValuEngine upgraded shares of ZIX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. BidaskClub lowered shares of Zai Lab from a “strong-buy” rating to a “buy” rating in a research report on Friday. Dougherty & Co restated a “buy” rating and set a $18.50 target price (up previously from $17.00) on shares of Ultra Clean in a research report on Friday, May 3rd. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. Finally, Wells Fargo & Co cut shares of Mylan from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $33.00 to $22.00 in a report on Tuesday, May 7th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $29.01.
About Computer Programs & Systems
Computer Programs and Systems, Inc provides healthcare information technology solutions and services in the United States and the Caribbean nation of St. Maarten. Its software systems include patient management software that enables a hospital to identify a patient at various points in the healthcare delivery system, as well as to collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business office applications to track and coordinate information needed for managerial decision-making.
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