Brokerages Anticipate Quality Systems, Inc. (QSII) Will Post Earnings of $0.15 Per Share

Analysts expect Quality Systems, Inc. (NASDAQ:QSII) to post $0.15 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have made estimates for Quality Systems’ earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.17. Quality Systems posted earnings of $0.23 per share during the same quarter last year, which suggests a negative year over year growth rate of 34.8%. The business is scheduled to report its next earnings results on Wednesday, January 24th.

According to Zacks, analysts expect that Quality Systems will report full year earnings of $0.68 per share for the current year, with EPS estimates ranging from $0.66 to $0.71. For the next financial year, analysts anticipate that the business will report earnings of $0.71 per share, with EPS estimates ranging from $0.64 to $0.76. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Quality Systems.

Quality Systems (NASDAQ:QSII) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. Quality Systems had a net margin of 5.12% and a return on equity of 14.70%. The company had revenue of $132.61 million during the quarter, compared to analysts’ expectations of $130.15 million. During the same quarter in the prior year, the company posted $0.23 EPS. The business’s revenue was up 4.3% on a year-over-year basis.

Several equities research analysts have recently weighed in on the stock. Citigroup assumed coverage on shares of Quality Systems in a report on Thursday, January 4th. They issued a “sell” rating and a $13.00 target price on the stock. Zacks Investment Research raised shares of Quality Systems from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. BidaskClub lowered shares of Quality Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, December 30th. Jefferies Group reaffirmed a “hold” rating and issued a $15.50 target price on shares of Quality Systems in a report on Sunday, October 8th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $15.00 target price on shares of Quality Systems in a report on Tuesday, October 17th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Quality Systems currently has an average rating of “Hold” and a consensus price target of $14.81.

Quality Systems (NASDAQ QSII) traded up $0.13 on Tuesday, hitting $13.84. 362,100 shares of the stock traded hands, compared to its average volume of 289,800. The company has a current ratio of 1.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.17. Quality Systems has a fifty-two week low of $12.61 and a fifty-two week high of $17.74. The company has a market cap of $871.66, a price-to-earnings ratio of 32.19, a price-to-earnings-growth ratio of 3.13 and a beta of 0.83.

A number of large investors have recently modified their holdings of the business. Algert Global LLC grew its holdings in Quality Systems by 17.9% during the 3rd quarter. Algert Global LLC now owns 172,267 shares of the company’s stock worth $2,710,000 after acquiring an additional 26,097 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Quality Systems in the 3rd quarter valued at about $684,000. Pinebridge Investments L.P. boosted its stake in shares of Quality Systems by 795.8% in the 3rd quarter. Pinebridge Investments L.P. now owns 54,762 shares of the company’s stock valued at $861,000 after purchasing an additional 48,649 shares during the last quarter. OxFORD Asset Management LLP boosted its stake in shares of Quality Systems by 42.2% in the 3rd quarter. OxFORD Asset Management LLP now owns 250,246 shares of the company’s stock valued at $3,914,000 after purchasing an additional 74,306 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Quality Systems by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,123,601 shares of the company’s stock valued at $33,404,000 after purchasing an additional 70,447 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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About Quality Systems

Quality Systems, Inc (QSI) primarily, through its NextGen Healthcare subsidiary, provides technology-based solutions and services to the ambulatory care market in the United States. The Company is engaged in developing and marketing software and services that automate certain aspects of practice management (PM) and electronic health records (EHR) for medical and dental practices.

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Earnings History and Estimates for Quality Systems (NASDAQ:QSII)

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