Quality Systems, Inc. (QSII) Expected to Post Quarterly Sales of $130.92 Million
Analysts expect Quality Systems, Inc. (NASDAQ:QSII) to post sales of $130.92 million for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have made estimates for Quality Systems’ earnings, with estimates ranging from $128.90 million to $132.98 million. Quality Systems reported sales of $127.17 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.9%. The firm is expected to issue its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Quality Systems will report full-year sales of $130.92 million for the current financial year, with estimates ranging from $521.10 million to $527.40 million. For the next financial year, analysts forecast that the firm will report sales of $544.23 million per share, with estimates ranging from $533.80 million to $555.15 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Quality Systems.
Quality Systems (NASDAQ:QSII) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The firm had revenue of $130.90 million for the quarter, compared to analysts’ expectations of $126.75 million. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.
Several research firms have recently weighed in on QSII. Zacks Investment Research lowered Quality Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $15.50 price objective (up from $13.00) on shares of Quality Systems in a research note on Wednesday, August 2nd. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $20.00 price objective (up from $16.00) on shares of Quality Systems in a research note on Tuesday, August 1st. BidaskClub lowered Quality Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Leerink Swann reaffirmed a “market perform” rating and issued a $16.00 price objective (up from $14.00) on shares of Quality Systems in a research note on Wednesday, May 31st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $14.50.
Institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its position in Quality Systems by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 84,197 shares of the company’s stock valued at $1,107,000 after buying an additional 1,917 shares during the period. Louisiana State Employees Retirement System raised its position in Quality Systems by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 18,800 shares of the company’s stock valued at $287,000 after buying an additional 300 shares during the period. Acadian Asset Management LLC raised its position in Quality Systems by 96.1% in the first quarter. Acadian Asset Management LLC now owns 434,483 shares of the company’s stock valued at $6,622,000 after buying an additional 212,928 shares during the period. Malaga Cove Capital LLC bought a new position in Quality Systems during the first quarter valued at approximately $520,000. Finally, Russell Investments Group Ltd. raised its position in Quality Systems by 723.6% in the first quarter. Russell Investments Group Ltd. now owns 40,250 shares of the company’s stock valued at $613,000 after buying an additional 35,363 shares during the period. 66.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Quality Systems (NASDAQ QSII) traded up 0.57% on Thursday, hitting $15.78. 202,496 shares of the stock traded hands. The firm’s 50 day moving average is $16.68 and its 200-day moving average is $15.54. The company has a market cap of $999.93 million, a PE ratio of 44.08 and a beta of 0.89. Quality Systems has a 12 month low of $10.60 and a 12 month high of $17.74.
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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