Analysts Expect Computer Programs & Systems, Inc. (CPSI) Will Post Earnings of $0.46 Per Share

Brokerages predict that Computer Programs & Systems, Inc. (NASDAQ:CPSI) will post earnings per share (EPS) of $0.46 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 $0.52. Computer Programs & Systems reported earnings of $0.35 per share during the same quarter last year, which indicates a positive year over year growth rate of 31.4%. The company is scheduled to issue its next earnings results on Thursday, February 8th.

On average, analysts expect that Computer Programs & Systems will report full year earnings of $1.60 per share for the current year, with EPS estimates ranging from $1.52 to $1.66. For the next year, analysts expect that the business will post earnings of $1.85 per share, with EPS estimates ranging from $1.60 to $1.96. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Computer Programs & Systems.

Computer Programs & Systems (NASDAQ:CPSI) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.04). The business had revenue of $67.11 million during the quarter, compared to the consensus estimate of $68.68 million. Computer Programs & Systems had a net margin of 2.32% and a return on equity of 10.01%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company posted $0.34 earnings per share.

Several equities analysts recently issued reports on CPSI shares. Zacks Investment Research cut Computer Programs & Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. BidaskClub cut Computer Programs & Systems from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. Robert W. Baird reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Computer Programs & Systems in a research report on Wednesday, October 4th. Citigroup started coverage on Computer Programs & Systems in a research report on Thursday, January 4th. They issued a “neutral” rating on the stock. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Computer Programs & Systems in a research report on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $30.50.

Computer Programs & Systems (NASDAQ CPSI) traded up $0.10 during mid-day trading on Friday, reaching $29.70. The company had a trading volume of 46,861 shares, compared to its average volume of 46,381. The company has a market cap of $408.55, a PE ratio of 66.00, a PEG ratio of 1.89 and a beta of 0.13. Computer Programs & Systems has a fifty-two week low of $21.60 and a fifty-two week high of $36.15. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.24 and a quick ratio of 1.21.

In other news, Director Glenn Tobin purchased 3,500 shares of the stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average cost of $29.38 per share, with a total value of $102,830.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Victor S. Schneider sold 1,695 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $29.45, for a total value of $49,917.75. Following the transaction, the executive vice president now directly owns 41,657 shares in the company, valued at $1,226,798.65. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Computer Programs & Systems by 0.3% during the 2nd quarter. Royal Bank of Canada now owns 31,889 shares of the company’s stock valued at $1,046,000 after buying an additional 88 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Computer Programs & Systems by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 40,645 shares of the company’s stock worth $1,334,000 after purchasing an additional 209 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Computer Programs & Systems by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 22,422 shares of the company’s stock worth $735,000 after purchasing an additional 521 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Computer Programs & Systems by 8.7% in the 2nd quarter. Legal & General Group Plc now owns 19,386 shares of the company’s stock worth $636,000 after purchasing an additional 1,546 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Computer Programs & Systems by 77.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,818 shares of the company’s stock worth $125,000 after purchasing an additional 1,667 shares in the last quarter. 95.25% of the stock is currently owned by hedge funds and other institutional investors.

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About Computer Programs & Systems

Computer Programs and Systems, Inc (CPSI) is a provider of healthcare information technology (IT) solutions for rural and community hospitals, and post-acute care facilities. The Company’s segments include acute care EHR, post-acute care EHR, and TruBridge, Rycan, and other outsourcing. Its Acute Care EHR segment consists of acute care software solutions and supports sales generated by its subsidiaries, Evident, LLC (Evident) and Healthland Inc (Healthland).

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