Analysts expect Quality Systems (NASDAQ:QSII) to report $0.14 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for Quality Systems’ earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.10. Quality Systems posted earnings of $0.21 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 33.3%. The company is scheduled to issue its next quarterly earnings results on Friday, May 18th.
On average, analysts expect that Quality Systems will report full-year earnings of $0.67 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.70. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.77 per share, with EPS estimates ranging from $0.72 to $0.82. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Quality Systems.
Quality Systems (NASDAQ:QSII) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. The firm had revenue of $131.70 million for the quarter, compared to analyst estimates of $130.63 million. Quality Systems had a return on equity of 12.08% and a net margin of 3.39%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share.
A number of analysts have recently issued reports on the company. Zacks Investment Research lowered Quality Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. BidaskClub lowered Quality Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Citigroup assumed coverage on Quality Systems in a research note on Thursday, January 4th. They issued a “sell” rating and a $13.00 price target on the stock. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $17.00 price target on shares of Quality Systems in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $14.44.
In related news, CFO James Robert Jr. Arnold acquired 40,000 shares of Quality Systems stock in a transaction that occurred on Thursday, March 15th. The shares were purchased at an average price of $13.10 per share, for a total transaction of $524,000.00. Following the completion of the transaction, the chief financial officer now owns 212,156 shares in the company, valued at approximately $2,779,243.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 17.90% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in Quality Systems by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,123,601 shares of the company’s stock valued at $33,404,000 after purchasing an additional 70,447 shares during the period. Schwab Charles Investment Management Inc. raised its position in Quality Systems by 1.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 994,246 shares of the company’s stock valued at $15,640,000 after purchasing an additional 16,452 shares during the period. Geode Capital Management LLC raised its position in Quality Systems by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 807,746 shares of the company’s stock valued at $10,969,000 after purchasing an additional 28,958 shares during the period. Smith Graham & Co. Investment Advisors LP raised its position in Quality Systems by 7.6% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 568,176 shares of the company’s stock valued at $7,716,000 after purchasing an additional 40,270 shares during the period. Finally, Deutsche Bank AG raised its position in Quality Systems by 38.3% in the fourth quarter. Deutsche Bank AG now owns 418,394 shares of the company’s stock valued at $5,680,000 after purchasing an additional 115,945 shares during the period. Institutional investors own 71.04% of the company’s stock.
Shares of QSII stock traded up $0.12 during trading hours on Friday, hitting $13.22. The stock had a trading volume of 11,534 shares, compared to its average volume of 330,365. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $849.31, a price-to-earnings ratio of 46.79, a PEG ratio of 3.05 and a beta of 0.73. Quality Systems has a 12-month low of $12.24 and a 12-month high of $17.74.
Quality Systems Company Profile
Quality Systems, Inc, together with its subsidiaries, develops and markets software and services that automate various aspects of practice management (PM) and electronic health records for medical and dental practices in the United States. The company's NextGen division provides integrated clinical, financial, and connectivity solutions for ambulatory and dental provider organizations.
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