Computer Programs & Systems, Inc. (NASDAQ:CPSI) Expected to Announce Quarterly Sales of $69.99 Million

Brokerages expect that Computer Programs & Systems, Inc. (NASDAQ:CPSI) will announce sales of $69.99 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Computer Programs & Systems’ earnings. The lowest sales estimate is $69.00 million and the highest is $72.40 million. Computer Programs & Systems posted sales of $72.33 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.2%. The business is scheduled to report its next earnings results after the market closes on Tuesday, February 11th.

According to Zacks, analysts expect that Computer Programs & Systems will report full-year sales of $273.99 million for the current financial year, with estimates ranging from $273.00 million to $276.40 million. For the next financial year, analysts anticipate that the company will post sales of $278.78 million, with estimates ranging from $276.30 million to $284.20 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Computer Programs & Systems.

Computer Programs & Systems (NASDAQ:CPSI) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.04. Computer Programs & Systems had a net margin of 6.09% and a return on equity of 10.86%. The business had revenue of $68.70 million during the quarter, compared to the consensus estimate of $69.18 million. During the same quarter in the prior year, the firm earned $0.79 EPS. The company’s revenue for the quarter was down .9% compared to the same quarter last year.

CPSI has been the subject of a number of recent research reports. ValuEngine raised shares of Computer Programs & Systems from a “hold” rating to a “buy” rating in a research report on Thursday, December 26th. SunTrust Banks upped their target price on shares of Computer Programs & Systems to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Zacks Investment Research upgraded shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a research report on Monday, January 27th. Piper Jaffray Companies restated a “neutral” rating and issued a $25.00 target price (down previously from $36.00) on shares of Computer Programs & Systems in a research report on Wednesday, November 6th. Finally, BidaskClub cut shares of Computer Programs & Systems from a “hold” rating to a “sell” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.29.

Shares of NASDAQ:CPSI traded up $0.02 during trading on Monday, reaching $26.02. 101,854 shares of the company’s stock traded hands, compared to its average volume of 68,922. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.53 and a quick ratio of 1.49. Computer Programs & Systems has a 12 month low of $20.72 and a 12 month high of $34.00. The company has a 50 day moving average of $26.71 and a 200-day moving average of $24.72. The stock has a market capitalization of $373.26 million, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 4.03 and a beta of 0.58.

In other Computer Programs & Systems news, CEO John B. Douglas, Jr. sold 2,605 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $27.52, for a total value of $71,689.60. Following the completion of the transaction, the chief executive officer now owns 235,358 shares in the company, valued at approximately $6,477,052.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.30% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. Huntington National Bank acquired a new stake in shares of Computer Programs & Systems in the 4th quarter worth approximately $27,000. Meeder Asset Management Inc. lifted its stake in shares of Computer Programs & Systems by 174.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 5,113 shares of the company’s stock worth $116,000 after acquiring an additional 3,250 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of Computer Programs & Systems in the 3rd quarter worth approximately $124,000. State of Alaska Department of Revenue lifted its stake in shares of Computer Programs & Systems by 127.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,429 shares of the company’s stock worth $213,000 after acquiring an additional 5,279 shares during the period. Finally, Texas Permanent School Fund acquired a new stake in shares of Computer Programs & Systems in the 4th quarter worth approximately $226,000. 78.44% of the stock is owned by institutional investors.

About Computer Programs & Systems

Computer Programs and Systems, Inc provides healthcare information technology solutions and services in the United States and the Caribbean nation of St. Maarten. Its software systems include patient management software that enables a hospital to identify a patient at various points in the healthcare delivery system, as well as to collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business office applications to track and coordinate information needed for managerial decision-making.

Featured Story: Price to Earnings Ratio (PE) Basics

Get a free copy of the Zacks research report on Computer Programs & Systems (CPSI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Computer Programs & Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Computer Programs & Systems and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit