Quality Systems (QSII) Updates FY18 Earnings Guidance

Quality Systems (NASDAQ:QSII) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.64-0.68 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.68. The company issued revenue guidance of $522-530 million, compared to the consensus revenue estimate of $526.54 million.

Shares of Quality Systems (NASDAQ:QSII) traded down $0.13 during mid-day trading on Thursday, hitting $13.43. The stock had a trading volume of 460,200 shares, compared to its average volume of 289,281. The company has a quick ratio of 1.22, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Quality Systems has a twelve month low of $12.61 and a twelve month high of $17.74. The stock has a market capitalization of $848.10, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 3.10 and a beta of 0.83.

Quality Systems (NASDAQ:QSII) last issued its earnings results on Thursday, October 26th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. Quality Systems had a return on equity of 14.70% and a net margin of 5.12%. The firm had revenue of $132.61 million for the quarter, compared to the consensus estimate of $130.15 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. analysts anticipate that Quality Systems will post 0.57 EPS for the current fiscal year.

A number of research analysts have commented on QSII shares. Jefferies Group restated a hold rating and issued a $15.50 target price on shares of Quality Systems in a research note on Sunday, October 8th. Robert W. Baird restated a hold rating and issued a $15.00 target price on shares of Quality Systems in a research note on Tuesday, October 17th. Cantor Fitzgerald restated a hold rating and issued a $13.00 target price on shares of Quality Systems in a research note on Thursday, October 26th. Royal Bank of Canada set a $12.00 target price on Quality Systems and gave the company a sell rating in a research note on Friday, October 27th. Finally, Zacks Investment Research upgraded Quality Systems from a sell rating to a hold rating in a research note on Tuesday, October 31st. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $14.81.

ILLEGAL ACTIVITY WARNING: “Quality Systems (QSII) Updates FY18 Earnings Guidance” was first reported by BBNS and is owned by of BBNS. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://baseballnewssource.com/markets/quality-systems-qsii-updates-fy18-earnings-guidance/1866710.html.

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.

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

Receive News & Ratings for Quality Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quality Systems and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped


Leave a Reply

 
© 2006-2018 BBNS.