Nextgen Healthcare (NASDAQ:NXGN) released its quarterly earnings results on Tuesday. The company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.05, MarketWatch Earnings reports. The business had revenue of $130.30 million during the quarter, compared to analyst estimates of $134.55 million. Nextgen Healthcare had a net margin of 0.22% and a return on equity of 10.69%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the business earned $0.22 EPS. Nextgen Healthcare updated its FY19 guidance to $0.70-$0.74 EPS.
NXGN stock traded down $4.70 during mid-day trading on Wednesday, hitting $14.91. 1,421,930 shares of the company were exchanged, compared to its average volume of 256,041. The firm has a market cap of $1.18 billion, a P/E ratio of 26.16, a P/E/G ratio of 3.58 and a beta of 0.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 1.15. Nextgen Healthcare has a twelve month low of $12.24 and a twelve month high of $23.73.
A number of equities research analysts recently weighed in on the stock. KeyCorp lowered their price target on shares of Nextgen Healthcare from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Wednesday. Cantor Fitzgerald lowered their price target on shares of Nextgen Healthcare from $26.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday.
NextGen Healthcare, Inc provides software, services, and analytics solutions to medical and dental group practices in the United States. The company's principal products include NextGen Enterprise EHR, which stores and maintains clinical patient information; and a workflow module, prescription management, automatic document and letter generation, patient education, referral tracking, interfaces to billing and lab systems, physician alerts and reminders, and reporting and data analysis tools.
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