Equities research analysts expect Computer Programs & Systems, Inc. (NASDAQ:CPSI) to report earnings of $0.46 per share for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Computer Programs & Systems’ earnings, with estimates ranging from $0.37 to $0.52. Computer Programs & Systems posted 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 firm is expected to report its next earnings report 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 company will post earnings of $1.85 per share, with EPS estimates ranging from $1.60 to $1.96. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Computer Programs & Systems.

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

Several research firms recently commented on CPSI. Citigroup began coverage on Computer Programs & Systems in a report on Thursday. They issued a “neutral” rating for the company. Cantor Fitzgerald reissued a “hold” rating and issued a $28.00 target price on shares of Computer Programs & Systems in a research report on Tuesday, September 26th. BidaskClub cut Computer Programs & Systems from a “sell” rating to a “strong sell” rating in a research report on Friday. KeyCorp reissued a “sell” rating and issued a $21.00 target price on shares of Computer Programs & Systems in a research report on Friday, September 22nd. Finally, SunTrust Banks reissued a “hold” rating and issued a $32.00 target price (down from $35.00) on shares of Computer Programs & Systems in a research report on Thursday, September 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $30.50.

In related news, Director Glenn Tobin acquired 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 legal filing with the SEC, which can be accessed through this link. Also, COO Christopher L. Fowler sold 4,000 shares of Computer Programs & Systems stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $30.25, for a total value of $121,000.00. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its position in shares of Computer Programs & Systems by 18.9% during the 2nd quarter. Wells Fargo & Company MN now owns 81,117 shares of the company’s stock valued at $2,660,000 after buying an additional 12,869 shares in the last quarter. Northern Trust Corp lifted its position in shares of Computer Programs & Systems by 9.1% during the 2nd quarter. Northern Trust Corp now owns 163,571 shares of the company’s stock valued at $5,365,000 after buying an additional 13,662 shares in the last quarter. HarbourVest Partners LLC purchased a new position in shares of Computer Programs & Systems during the 2nd quarter valued at about $527,000. Kennedy Capital Management Inc. lifted its position in shares of Computer Programs & Systems by 35.7% during the 2nd quarter. Kennedy Capital Management Inc. now owns 227,393 shares of the company’s stock valued at $7,458,000 after buying an additional 59,807 shares in the last quarter. Finally, Royal Bank of Canada lifted its position 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 in the last quarter. 95.25% of the stock is currently owned by hedge funds and other institutional investors.

Computer Programs & Systems (NASDAQ CPSI) traded up $0.15 during midday trading on Thursday, reaching $29.80. The company had a trading volume of 56,738 shares, compared to its average volume of 71,047. Computer Programs & Systems has a 52 week low of $21.60 and a 52 week high of $36.15. The company has a market cap of $409.93, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 1.90 and a beta of 0.13. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.24 and a quick ratio of 1.21.

COPYRIGHT VIOLATION NOTICE: “Computer Programs & Systems, Inc. (CPSI) Expected to Post Earnings of $0.46 Per Share” was originally published by Marea Informative and is the property of of Marea Informative. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://www.mareainformativa.com/computer-programs-systems-inc-cpsi-expected-to-post-earnings-of-0-46-per-share-updated-updated-updated/125992/.

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).

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.