$131.95 Million in Sales Expected for Quality Systems, Inc. (QSII) This Quarter

Brokerages expect Quality Systems, Inc. (NASDAQ:QSII) to announce $131.95 million in sales for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for Quality Systems’ earnings, with the lowest sales estimate coming in at $130.31 million and the highest estimate coming in at $134.40 million. Quality Systems reported sales of $132.39 million in the same quarter last year, which indicates a negative year over year growth rate of 0.3%. The company is scheduled to announce its next quarterly earnings results on Friday, May 18th.

According to Zacks, analysts expect that Quality Systems will report full-year sales of $131.95 million for the current fiscal year, with estimates ranging from $525.55 million to $529.70 million. For the next financial year, analysts anticipate that the company will post sales of $541.31 million per share, with estimates ranging from $536.30 million to $547.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Quality Systems.

Quality Systems (NASDAQ:QSII) last issued its earnings results on Thursday, January 25th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $131.70 million for the quarter, compared to the consensus estimate of $130.63 million. Quality Systems had a return on equity of 12.08% and a net margin of 3.39%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.23 EPS.

Several equities analysts have weighed in on the company. Zacks Investment Research cut Quality Systems from a “hold” rating to a “sell” rating in a report on Monday. Robert W. Baird restated a “hold” rating and set a $15.00 price target on shares of Quality Systems in a report on Tuesday, October 17th. BidaskClub cut Quality Systems from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. SunTrust Banks restated a “hold” rating and set a $15.00 price target on shares of Quality Systems in a report on Friday, November 17th. Finally, Citigroup assumed coverage on Quality Systems in a report on Thursday, January 4th. They set a “sell” rating and a $13.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.44.

Shares of Quality Systems (NASDAQ QSII) opened at $12.55 on Wednesday. The stock has a market capitalization of $802.16, a P/E ratio of 44.82, a P/E/G ratio of 2.88 and a beta of 0.73. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.19 and a current ratio of 1.19. Quality Systems has a 12 month low of $12.25 and a 12 month high of $17.74.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Koch Industries Inc. purchased a new position in Quality Systems during the 4th quarter valued at approximately $148,000. AXA boosted its holdings in shares of Quality Systems by 138.2% in the 4th quarter. AXA now owns 351,800 shares of the company’s stock worth $4,777,000 after purchasing an additional 204,100 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Quality Systems by 4.9% in the 4th quarter. Alliancebernstein L.P. now owns 277,062 shares of the company’s stock worth $3,763,000 after purchasing an additional 12,890 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Quality Systems by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 807,746 shares of the company’s stock worth $10,969,000 after purchasing an additional 28,958 shares during the period. Finally, Investors Research Corp purchased a new position in shares of Quality Systems in the 4th quarter worth approximately $562,000. Institutional investors and hedge funds own 71.80% of the company’s stock.

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Quality Systems Company Profile

Quality Systems, Inc (QSI) primarily, through its NextGen Healthcare subsidiary, provides technology-based solutions and services to the ambulatory care market in the United States. The Company is engaged in developing and marketing software and services that automate certain aspects of practice management (PM) and electronic health records (EHR) for medical and dental practices.

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Earnings History and Estimates for Quality Systems (NASDAQ:QSII)

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