$0.52 EPS Expected for Computer Programs & Systems, Inc. (NASDAQ:CPSI) This Quarter

Equities analysts expect that Computer Programs & Systems, Inc. (NASDAQ:CPSI) will post earnings per share (EPS) of $0.52 for the current quarter, according to Zacks. Six analysts have made estimates for Computer Programs & Systems’ earnings, with estimates ranging from $0.38 to $0.70. Computer Programs & Systems posted earnings per share of $0.34 in the same quarter last year, which would suggest a positive year-over-year growth rate of 52.9%. The firm is scheduled to issue its next earnings results after the market closes on Tuesday, August 6th.

On average, analysts expect that Computer Programs & Systems will report full-year earnings of $2.54 per share for the current financial year, with EPS estimates ranging from $2.18 to $2.81. For the next year, analysts expect that the business will post earnings of $2.68 per share, with EPS estimates ranging from $2.03 to $2.91. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Computer Programs & Systems.

Computer Programs & Systems (NASDAQ:CPSI) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.07). The firm had revenue of $69.14 million during the quarter, compared to analyst estimates of $70.81 million. Computer Programs & Systems had a return on equity of 15.09% and a net margin of 6.14%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 EPS.

A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald restated a “hold” rating and issued a $32.00 target price on shares of Computer Programs & Systems in a research note on Friday, May 3rd. SunTrust Banks cut their target price on shares of Computer Programs & Systems to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, May 7th. Dougherty & Co restated a “buy” rating and issued a $33.00 target price (down previously from $38.00) on shares of Computer Programs & Systems in a research note on Friday, May 3rd. BidaskClub lowered shares of Computer Programs & Systems from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. Finally, Zacks Investment Research upgraded shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $29.01.

In related news, COO Christopher L. Fowler sold 1,500 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $29.99, for a total transaction of $44,985.00. Following the completion of the sale, the chief operating officer now owns 68,044 shares of the company’s stock, valued at approximately $2,040,639.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Matt J. Chambless sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $28.66, for a total transaction of $286,600.00. Following the sale, the chief financial officer now directly owns 43,185 shares of the company’s stock, valued at approximately $1,237,682.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,605 shares of company stock valued at $1,069,138. Insiders own 12.30% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in shares of Computer Programs & Systems by 3.8% during the 4th quarter. BlackRock Inc. now owns 1,842,471 shares of the company’s stock valued at $46,244,000 after buying an additional 67,161 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Computer Programs & Systems during the 4th quarter valued at about $9,872,000. Marshall Wace LLP grew its position in shares of Computer Programs & Systems by 41.2% during the 1st quarter. Marshall Wace LLP now owns 203,250 shares of the company’s stock valued at $6,034,000 after buying an additional 59,306 shares during the last quarter. Northern Trust Corp grew its position in shares of Computer Programs & Systems by 1.0% during the 4th quarter. Northern Trust Corp now owns 169,586 shares of the company’s stock valued at $4,257,000 after buying an additional 1,643 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in shares of Computer Programs & Systems by 125.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 153,634 shares of the company’s stock valued at $3,856,000 after buying an additional 85,601 shares during the last quarter. 78.16% of the stock is owned by institutional investors and hedge funds.

Shares of Computer Programs & Systems stock traded down $0.17 during trading on Friday, reaching $25.59. The company had a trading volume of 74,088 shares, compared to its average volume of 88,646. The firm has a market capitalization of $370.51 million, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 1.68 and a beta of 0.44. The firm’s fifty day simple moving average is $26.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.67 and a current ratio of 1.71. Computer Programs & Systems has a fifty-two week low of $23.81 and a fifty-two week high of $34.00.

Computer Programs & Systems Company Profile

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.

See Also: Diluted Earnings Per Share

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