Quality Systems, Inc. (QSII) Expected to Announce Earnings of $0.15 Per Share

Wall Street analysts expect Quality Systems, Inc. (NASDAQ:QSII) to post $0.15 earnings per share for the current quarter, according to Zacks. Ten analysts have made estimates for Quality Systems’ earnings. The highest EPS estimate is $0.17 and the lowest is $0.13. Quality Systems posted earnings of $0.23 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 34.8%. The firm is scheduled to issue its next earnings report on Wednesday, January 24th.

According to Zacks, analysts expect that Quality Systems will report full year earnings of $0.67 per share for the current fiscal year, with EPS estimates ranging from $0.66 to $0.71. For the next financial year, analysts expect that the firm will post earnings of $0.71 per share, with EPS estimates ranging from $0.64 to $0.76. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Quality Systems.

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

Several research firms have recently commented on QSII. Jefferies Group LLC reaffirmed a “hold” rating and set a $15.50 price target (up previously from $13.00) on shares of Quality Systems in a research report on Wednesday, August 2nd. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $20.00 price target (up previously from $16.00) on shares of Quality Systems in a research report on Tuesday, August 1st. BidaskClub downgraded shares of Quality Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research downgraded shares of Quality Systems from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Quality Systems in a report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. Quality Systems has a consensus rating of “Hold” and an average price target of $15.07.

Quality Systems (NASDAQ:QSII) traded down $0.12 on Friday, reaching $13.66. 265,439 shares of the company’s stock were exchanged, compared to its average volume of 320,165. The stock has a market cap of $877.39, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 3.03 and a beta of 0.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 1.22. Quality Systems has a twelve month low of $12.61 and a twelve month high of $17.74.

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Several institutional investors and hedge funds have recently made changes to their positions in QSII. UBS Asset Management Americas Inc. purchased a new position in shares of Quality Systems during the first quarter valued at approximately $245,000. Wellington Management Group LLP purchased a new position in Quality Systems during the first quarter worth approximately $259,000. Teachers Advisors LLC raised its stake in Quality Systems by 4.1% during the first quarter. Teachers Advisors LLC now owns 87,669 shares of the company’s stock worth $1,336,000 after purchasing an additional 3,472 shares during the period. TIAA CREF Investment Management LLC raised its stake in Quality Systems by 4.0% during the first quarter. TIAA CREF Investment Management LLC now owns 198,104 shares of the company’s stock worth $3,019,000 after purchasing an additional 7,577 shares during the period. Finally, California Public Employees Retirement System raised its stake in Quality Systems by 0.8% during the first quarter. California Public Employees Retirement System now owns 104,300 shares of the company’s stock worth $1,590,000 after purchasing an additional 800 shares during the period. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Quality Systems Company Profile

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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