Computer Programs & Systems, Inc. (CPSI) Expected to Announce Earnings of $0.49 Per Share

Wall Street brokerages forecast that Computer Programs & Systems, Inc. (NASDAQ:CPSI) will report $0.49 earnings per share (EPS) for the current quarter, according to Zacks. Eight analysts have made estimates for Computer Programs & Systems’ earnings. The lowest EPS estimate is $0.37 and the highest is $0.66. Computer Programs & Systems reported earnings of $0.43 per share in the same quarter last year, which indicates a positive year over year growth rate of 14%. The firm is expected to report its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Computer Programs & Systems will report full-year earnings of $1.98 per share for the current fiscal year, with EPS estimates ranging from $1.63 to $2.36. For the next financial year, analysts expect that the company will post earnings of $2.29 per share, with EPS estimates ranging from $1.70 to $2.70. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Computer Programs & Systems.

Computer Programs & Systems (NASDAQ:CPSI) last announced its earnings results on Thursday, August 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.23). The firm had revenue of $67.91 million during the quarter, compared to analyst estimates of $72.33 million. Computer Programs & Systems had a negative net margin of 5.27% and a positive return on equity of 13.62%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share.

A number of brokerages recently issued reports on CPSI. BidaskClub raised Computer Programs & Systems from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine raised Computer Programs & Systems from a “sell” rating to a “hold” rating in a research report on Saturday, June 16th. KeyCorp decreased their target price on Computer Programs & Systems from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Friday, August 3rd. Robert W. Baird decreased their target price on Computer Programs & Systems from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, August 7th. Finally, SunTrust Banks reissued a “hold” rating and issued a $30.00 target price on shares of Computer Programs & Systems in a research report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $29.33.

Shares of NASDAQ CPSI traded up $0.08 during trading hours on Friday, reaching $26.43. The stock had a trading volume of 102,824 shares, compared to its average volume of 108,122. The stock has a market cap of $378.21 million, a PE ratio of 19.87, a price-to-earnings-growth ratio of 1.71 and a beta of -0.13. The company has a quick ratio of 1.65, a current ratio of 1.69 and a debt-to-equity ratio of 0.92. Computer Programs & Systems has a fifty-two week low of $25.15 and a fifty-two week high of $34.65.

A number of institutional investors and hedge funds have recently bought and sold shares of CPSI. BlackRock Inc. raised its stake in Computer Programs & Systems by 10.6% during the 2nd quarter. BlackRock Inc. now owns 1,672,512 shares of the company’s stock valued at $55,026,000 after acquiring an additional 159,898 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Computer Programs & Systems by 198.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 150,489 shares of the company’s stock valued at $4,395,000 after acquiring an additional 100,037 shares during the last quarter. Sio Capital Management LLC raised its stake in Computer Programs & Systems by 363.9% during the 1st quarter. Sio Capital Management LLC now owns 113,860 shares of the company’s stock valued at $3,325,000 after acquiring an additional 89,317 shares during the last quarter. Wasatch Advisors Inc. raised its stake in Computer Programs & Systems by 60.0% during the 2nd quarter. Wasatch Advisors Inc. now owns 200,000 shares of the company’s stock valued at $6,580,000 after acquiring an additional 75,000 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Computer Programs & Systems during the 2nd quarter valued at approximately $1,842,000. 90.80% of the stock is owned by hedge funds and other institutional investors.

Computer Programs & Systems Company Profile

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 helps 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.

See Also: Diversification Important in Investing

Get a free copy of the Zacks research report on Computer Programs & Systems (CPSI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Computer Programs & Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Computer Programs & Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply