Zacks: Brokerages Anticipate Computer Programs & Systems, Inc. (CPSI) to Announce $0.57 EPS

Equities research analysts expect that Computer Programs & Systems, Inc. (NASDAQ:CPSI) will report earnings of $0.57 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Computer Programs & Systems’ earnings, with estimates ranging from $0.50 to $0.64. Computer Programs & Systems posted earnings of $0.59 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 3.4%. The company is scheduled to announce its next quarterly earnings results on Thursday, May 2nd.

On average, analysts expect that Computer Programs & Systems will report full year earnings of $2.62 per share for the current financial year, with EPS estimates ranging from $2.50 to $2.73. For the next fiscal year, analysts anticipate that the business will post earnings of $2.77 per share, with EPS estimates ranging from $2.60 to $2.87. Zacks’ earnings per share 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 announced its earnings results on Friday, February 15th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.20. Computer Programs & Systems had a return on equity of 17.65% and a net margin of 6.29%. The firm had revenue of $72.30 million during the quarter, compared to analyst estimates of $74.06 million. During the same period last year, the firm posted $0.63 EPS. The business’s revenue was down 7.4% compared to the same quarter last year.

Several equities research analysts have recently issued reports on the company. TheStreet raised Computer Programs & Systems from a “c-” rating to a “b-” rating in a research report on Friday, February 15th. Zacks Investment Research downgraded Computer Programs & Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Finally, BidaskClub upgraded Computer Programs & Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $28.83.

Several hedge funds have recently bought and sold shares of CPSI. Mondrian Investment Partners LTD boosted its stake in Computer Programs & Systems by 0.4% in the 4th quarter. Mondrian Investment Partners LTD now owns 104,609 shares of the company’s stock worth $2,626,000 after purchasing an additional 376 shares during the period. KBC Group NV boosted its stake in Computer Programs & Systems by 1.7% in the 4th quarter. KBC Group NV now owns 24,351 shares of the company’s stock worth $611,000 after purchasing an additional 406 shares during the period. Principal Financial Group Inc. boosted its stake in Computer Programs & Systems by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 97,201 shares of the company’s stock worth $2,440,000 after purchasing an additional 527 shares during the period. Legal & General Group Plc boosted its stake in Computer Programs & Systems by 2.2% in the 4th quarter. Legal & General Group Plc now owns 26,072 shares of the company’s stock worth $656,000 after purchasing an additional 562 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its stake in Computer Programs & Systems by 9.1% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 10,543 shares of the company’s stock worth $265,000 after purchasing an additional 883 shares during the period. Institutional investors own 82.18% of the company’s stock.

Shares of Computer Programs & Systems stock opened at $29.57 on Tuesday. Computer Programs & Systems has a 1 year low of $23.81 and a 1 year high of $34.65. The firm has a market cap of $416.52 million, a PE ratio of 15.24 and a beta of 0.26. The company has a quick ratio of 1.78, a current ratio of 1.82 and a debt-to-equity ratio of 0.78.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.35%. Computer Programs & Systems’s payout ratio is 20.62%.

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 helps 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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