NextGen Healthcare (NASDAQ:NXGN) Releases Q3 Earnings Guidance


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NextGen Healthcare (NASDAQ:NXGN) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.24-0.26 for the period, compared to the Thomson Reuters consensus estimate of $0.20. The company issued revenue guidance of $140-142 million, compared to the consensus revenue estimate of $137.37 million.NextGen Healthcare also updated its FY21 guidance to $0.92-0.98 EPS.

Several equities analysts have commented on NXGN shares. Piper Sandler cut their price target on NextGen Healthcare from $23.00 to $21.00 and set an overweight rating for the company in a report on Friday, October 23rd. SVB Leerink upped their price target on shares of NextGen Healthcare from $12.00 to $14.00 and gave the stock a market perform rating in a research report on Friday, October 23rd. Colliers Securities restated a buy rating on shares of NextGen Healthcare in a research report on Friday, December 11th. Morgan Stanley upped their target price on shares of NextGen Healthcare from $12.00 to $14.00 and gave the company an underweight rating in a research report on Monday, October 26th. Finally, BidaskClub raised NextGen Healthcare from a hold rating to a buy rating in a research note on Thursday, October 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $13.13.

NASDAQ:NXGN opened at $20.47 on Wednesday. NextGen Healthcare has a 12 month low of $5.10 and a 12 month high of $20.59. The company has a 50 day simple moving average of $18.30 and a two-hundred day simple moving average of $14.55. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.37 billion, a PE ratio of 127.95, a price-to-earnings-growth ratio of 3.33 and a beta of 1.23.

NextGen Healthcare (NASDAQ:NXGN) last posted its earnings results on Thursday, October 22nd. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.10. The business had revenue of $140.00 million for the quarter, compared to the consensus estimate of $133.04 million. NextGen Healthcare had a net margin of 1.80% and a return on equity of 11.28%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 EPS. Research analysts forecast that NextGen Healthcare will post 0.66 earnings per share for the current year.

In related news, Director George H. Bristol sold 4,800 shares of the stock in a transaction that occurred on Thursday, December 3rd. The shares were sold at an average price of $17.52, for a total transaction of $84,096.00. Following the completion of the transaction, the director now owns 67,061 shares of the company’s stock, valued at approximately $1,174,908.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 18.70% of the stock is currently owned by insiders.

NextGen Healthcare Company Profile

NextGen Healthcare, Inc provides ambulatory-focused healthcare software and services solutions in the United States. The company offers NextGen Enterprise electronic health record (EHR), which stores and maintains clinical patient information; and a workflow module, prescription management, automatic document and letter generation, patient education, referral tracking, interfaces to billing and lab systems, physician alerts and reminders, and reporting and data analysis tools.

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Earnings History and Estimates for NextGen Healthcare (NASDAQ:NXGN)

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