Brokerages expect Computer Programs & Systems, Inc. (NASDAQ:CPSI) to announce $0.49 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Computer Programs & Systems’ earnings. The lowest EPS estimate is $0.37 and the highest is $0.66. Computer Programs & Systems reported earnings per share of $0.43 in the same quarter last year, which would suggest a positive year-over-year growth rate of 14%. The company is expected to issue its next earnings report after the market closes on Thursday, November 1st.

On average, analysts expect that Computer Programs & Systems will report full-year earnings of $1.98 per share for the current year, with EPS estimates ranging from $1.63 to $2.36. For the next fiscal year, analysts anticipate that the business will report earnings of $2.29 per share, with EPS estimates ranging from $1.70 to $2.70. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Computer Programs & Systems.

Computer Programs & Systems (NASDAQ:CPSI) last issued its earnings results on Thursday, August 2nd. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.23). Computer Programs & Systems had a positive return on equity of 13.62% and a negative net margin of 5.27%. The firm had revenue of $67.91 million during the quarter, compared to analysts’ expectations of $72.33 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. Computer Programs & Systems’s quarterly revenue was up .3% compared to the same quarter last year.

Several equities research analysts have weighed in on CPSI shares. BidaskClub cut Computer Programs & Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Zacks Investment Research cut Computer Programs & Systems from a “buy” rating to a “sell” rating in a report on Tuesday, July 24th. ValuEngine cut Computer Programs & Systems from a “hold” rating to a “sell” rating in a report on Monday, July 30th. KeyCorp lowered their target price on Computer Programs & Systems from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Friday, August 3rd. Finally, Piper Jaffray Companies lowered their target price on Computer Programs & Systems to $29.00 and set a “neutral” rating for the company in a report on Friday, August 3rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $29.33.

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of Computer Programs & Systems during the 2nd quarter worth $139,000. Barclays PLC increased its position in Computer Programs & Systems by 131.1% during the 1st quarter. Barclays PLC now owns 4,396 shares of the company’s stock valued at $128,000 after buying an additional 2,494 shares in the last quarter. KBC Group NV acquired a new position in Computer Programs & Systems during the 2nd quarter valued at about $170,000. Nisa Investment Advisors LLC increased its position in Computer Programs & Systems by 36.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,800 shares of the company’s stock valued at $209,000 after buying an additional 2,100 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Computer Programs & Systems by 1,232.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,995 shares of the company’s stock valued at $296,000 after buying an additional 8,320 shares in the last quarter. Hedge funds and other institutional investors own 91.61% of the company’s stock.

Shares of CPSI stock traded down $0.41 during mid-day trading on Tuesday, hitting $24.88. The stock had a trading volume of 100,072 shares, compared to its average volume of 116,409. Computer Programs & Systems has a 12-month low of $24.87 and a 12-month high of $34.65. The stock has a market capitalization of $350.46 million, a price-to-earnings ratio of 17.04, a P/E/G ratio of 1.59 and a beta of -0.13. The company has a current ratio of 1.69, a quick ratio of 1.65 and a debt-to-equity ratio of 0.92.

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.

Read More: What is a Tariff?

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.