Brokerages Anticipate Quality Systems (QSII) Will Announce Earnings of $0.13 Per Share

Wall Street analysts expect Quality Systems (NASDAQ:QSII) to post earnings of $0.13 per share for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Quality Systems’ earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.15. Quality Systems posted earnings of $0.21 per share in the same quarter last year, which suggests a negative year over year growth rate of 38.1%. The company is scheduled to announce its next quarterly earnings results after the market closes on Thursday, May 24th.

According to Zacks, analysts expect that Quality Systems will report full year earnings of $0.67 per share for the current year, with EPS estimates ranging from $0.64 to $0.69. For the next financial year, analysts expect that the business will report earnings of $0.76 per share, with EPS estimates ranging from $0.72 to $0.82. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Quality Systems.

Several brokerages have commented on QSII. Zacks Investment Research lowered shares of Quality Systems from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. BidaskClub upgraded shares of Quality Systems from a “hold” rating to a “buy” rating in a report on Tuesday, April 10th. JPMorgan Chase started coverage on shares of Quality Systems in a report on Tuesday, April 24th. They issued an “underweight” rating and a $15.00 price objective for the company. Finally, Piper Jaffray reiterated a “buy” rating and issued a $17.00 price objective on shares of Quality Systems in a report on Friday, January 26th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.50.

Shares of NASDAQ:QSII opened at $14.65 on Tuesday. Quality Systems has a 52 week low of $14.41 and a 52 week high of $14.82. The company has a market capitalization of $918.76 million, a price-to-earnings ratio of 19.80, a PEG ratio of 2.82 and a beta of 0.66. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.12.

In related news, CFO James Robert Jr. Arnold acquired 40,000 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was acquired at an average cost of $13.10 per share, for a total transaction of $524,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 212,156 shares of the company’s stock, valued at approximately $2,779,243.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 17.90% of the company’s stock.

Large investors have recently modified their holdings of the stock. LS Investment Advisors LLC boosted its holdings in Quality Systems by 404.4% during the fourth quarter. LS Investment Advisors LLC now owns 8,777 shares of the company’s stock worth $119,000 after buying an additional 7,037 shares in the last quarter. Koch Industries Inc. bought a new stake in Quality Systems during the fourth quarter worth approximately $148,000. Millennium Management LLC bought a new stake in Quality Systems during the fourth quarter worth approximately $160,000. Mackay Shields LLC bought a new stake in Quality Systems during the first quarter worth approximately $217,000. Finally, Teacher Retirement System of Texas bought a new stake in Quality Systems during the fourth quarter worth approximately $223,000. Hedge funds and other institutional investors own 72.66% of the company’s stock.

Quality Systems Company Profile

Quality Systems, Inc, together with its subsidiaries, develops and markets software and services that automate various aspects of practice management (PM) and electronic health records for medical and dental practices in the United States. The company's NextGen division provides integrated clinical, financial, and connectivity solutions for ambulatory and dental provider organizations.

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

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