Computer Programs and Systems, Inc. (NASDAQ:CPSI) Expected to Post Earnings of $0.59 Per Share

Wall Street brokerages predict that Computer Programs and Systems, Inc. (NASDAQ:CPSI) will announce earnings per share of $0.59 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Computer Programs and Systems’ earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.57. Computer Programs and Systems reported earnings per share of $0.39 during the same quarter last year, which suggests a positive year over year growth rate of 51.3%. The firm is scheduled to issue its next earnings report after the market closes on Tuesday, August 3rd.

On average, analysts expect that Computer Programs and Systems will report full year earnings of $2.59 per share for the current year, with EPS estimates ranging from $2.54 to $2.65. For the next financial year, analysts forecast that the business will report earnings of $2.96 per share, with EPS estimates ranging from $2.88 to $3.08. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Computer Programs and Systems.

Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings results on Sunday, May 9th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.09. The company had revenue of $68.00 million during the quarter, compared to analysts’ expectations of $67.16 million. Computer Programs and Systems had a return on equity of 7.23% and a net margin of 5.44%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis.

CPSI has been the subject of a number of recent analyst reports. Piper Sandler upped their price target on Computer Programs and Systems from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, May 12th. Zacks Investment Research cut Computer Programs and Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 13th. Deutsche Bank Aktiengesellschaft decreased their price objective on Computer Programs and Systems from $33.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, May 12th. Finally, SVB Leerink reiterated a “buy” rating and issued a $37.00 price objective on shares of Computer Programs and Systems in a research report on Tuesday, May 18th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $32.50.

Shares of CPSI stock traded down $0.56 on Thursday, reaching $30.92. The company had a trading volume of 118 shares, compared to its average volume of 59,214. The company has a current ratio of 1.79, a quick ratio of 1.76 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $455.45 million, a PE ratio of 32.12, a PEG ratio of 1.04 and a beta of 0.74. The stock’s 50-day simple moving average is $32.58. Computer Programs and Systems has a 12 month low of $24.09 and a 12 month high of $36.37.

In other Computer Programs and Systems news, VP Robert D. Hinckle sold 3,516 shares of the stock in a transaction on Tuesday, May 18th. The stock was sold at an average price of $32.52, for a total transaction of $114,340.32. Following the transaction, the vice president now owns 47,000 shares in the company, valued at approximately $1,528,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Dye sold 4,000 shares of the stock in a transaction on Tuesday, June 15th. The stock was sold at an average price of $33.45, for a total value of $133,800.00. Following the sale, the insider now directly owns 79,797 shares in the company, valued at $2,669,209.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,316 shares of company stock worth $854,916. 4.70% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPSI. BlackRock Inc. boosted its stake in Computer Programs and Systems by 4.6% in the first quarter. BlackRock Inc. now owns 2,158,973 shares of the company’s stock valued at $66,065,000 after buying an additional 95,199 shares in the last quarter. Dumac Inc. acquired a new stake in Computer Programs and Systems in the fourth quarter valued at about $17,855,000. Acadian Asset Management LLC boosted its stake in Computer Programs and Systems by 1.4% in the first quarter. Acadian Asset Management LLC now owns 561,131 shares of the company’s stock valued at $17,168,000 after buying an additional 7,782 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Computer Programs and Systems by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 524,326 shares of the company’s stock valued at $16,065,000 after buying an additional 27,819 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in Computer Programs and Systems by 45.9% in the first quarter. Bank of Montreal Can now owns 231,247 shares of the company’s stock valued at $6,850,000 after buying an additional 72,738 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Computer Programs and 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.

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Earnings History and Estimates for Computer Programs and Systems (NASDAQ:CPSI)

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