Quality Systems (QSII) Posts Quarterly Earnings, Misses Estimates By $0.01 EPS
Quality Systems (NASDAQ:QSII) issued its quarterly earnings data on Thursday. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.23 by $0.01, StockRatingsNetwork.com reports. The company had revenue of $111.10 million for the quarter, compared to the consensus estimate of $113.71 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was down 4.3% on a year-over-year basis.
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 a related note, 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 analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $21.22.
Shares of Quality Systems (NASDAQ:QSII) traded up 1.15% during mid-day trading on Thursday, hitting $23.74. 129,029 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’s 50-day moving average is $21.63 and its 200-day moving average is $19.39. The company has a market cap of $1.415 billion and a P/E ratio of 34.72.
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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