Quality Systems (QSII) Scheduled to Post Quarterly Earnings on Thursday
Quality Systems (NASDAQ:QSII) will announce its Q214 earnings results on Thursday, October 24th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $113.71 million for the quarter.
Quality Systems (NASDAQ:QSII) last announced its earnings results on Thursday, July 25th. The company reported $0.22 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.22. The company had revenue of $109.50 million for the quarter, compared to the consensus estimate of $115.68 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was down 7.4% on a year-over-year basis.
Shares of Quality Systems (NASDAQ:QSII) traded down 1.65% during mid-day trading on Wednesday, hitting $23.22. 215,621 shares of the company’s stock traded hands. Quality Systems has a 1-year low of $16.02 and a 1-year high of $23.58. The stock has a 50-day moving average of $21.63 and a 200-day moving average of $19.39. The company has a market cap of $1.384 billion and a P/E ratio of 34.93.
QSII has been the subject of a number of recent research reports. Analysts at Oppenheimer raised their price target on shares of Quality Systems to $26.00 in a research note to investors on Friday, October 4th. They now have an “outperform” rating on the stock. On the ratings front, analysts at B. Riley raised their price target on shares of Quality Systems to $27.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Finally, analysts at Stephens initiated coverage on shares of Quality Systems in a research note to investors on Tuesday, September 10th. They set an “equal weight” rating on the stock. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Quality Systems presently has an average rating of “Hold” and a consensus price target of $21.22.
Quality Systems, Inc develops and markets healthcare information systems that automate certain aspects of medical and dental practices, networks of practices, such as physician hospital organizations (NASDAQ:QSII) and management service organizations (MSOs), ambulatory care centers, and dental schools.
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