Equities research analysts expect Quality Systems, Inc. (NASDAQ:QSII) to post $131.95 million in sales for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Quality Systems’ earnings, with estimates ranging from $130.31 million to $134.40 million. Quality Systems reported sales of $132.39 million during the same quarter last year, which indicates a negative year over year growth rate of 0.3%. The firm is expected to report its next quarterly earnings report on Friday, May 18th.
According to Zacks, analysts expect that Quality Systems will report full-year sales of $131.95 million for the current financial year, with estimates ranging from $525.55 million to $529.70 million. For the next year, analysts expect that the business will report sales of $541.19 million per share, with estimates ranging from $536.30 million to $547.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Quality Systems.
Quality Systems (NASDAQ:QSII) last announced its quarterly earnings data on Thursday, January 25th. The company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. Quality Systems had a net margin of 2.20% and a return on equity of 3.54%. The firm had revenue of $131.70 million during the quarter, compared to analysts’ expectations of $130.63 million. During the same quarter last year, the business earned $0.23 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year.
Shares of Quality Systems (NASDAQ:QSII) traded down $0.12 during midday trading on Wednesday, hitting $12.69. 206,200 shares of the company traded hands, compared to its average volume of 352,906. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.19 and a quick ratio of 1.19. Quality Systems has a 12-month low of $12.25 and a 12-month high of $17.74. The firm has a market capitalization of $808.53, a PE ratio of 42.30, a price-to-earnings-growth ratio of 2.90 and a beta of 0.73.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC acquired a new position in Quality Systems during the fourth quarter worth about $337,000. Municipal Employees Retirement System of Michigan raised its position in Quality Systems by 34.9% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 23,480 shares of the company’s stock worth $319,000 after acquiring an additional 6,070 shares during the last quarter. Millennium Management LLC acquired a new position in Quality Systems during the fourth quarter worth about $160,000. GHP Investment Advisors Inc. raised its position in Quality Systems by 2.5% during the fourth quarter. GHP Investment Advisors Inc. now owns 175,010 shares of the company’s stock worth $2,377,000 after acquiring an additional 4,206 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in Quality Systems during the fourth quarter worth about $768,000. Institutional investors own 67.43% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.