Computer Programs and Systems, Inc. (NASDAQ:CPSI) is expected to report third quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.52 per share.
Looking ahead, the full year income are expected at $ 2.19 per share on the revenues of $ 261.98 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 280.00 million ~ $ 290.00 million
Click Here For More Historical Outlooks Of Computer Programs and Systems, Inc.
Previous Quarter Performance
Computer Programs and Systems, Inc. revealed income for the second quarter of $ 0.39 per share, from the revenue of $ 59.55 million. The quarterly earnings down 22.00 percent while revenues fell 9.99 percent compared with the same quarter last year.
Wall street analysts are predicting, CPSI to report 2Q20 income of $ 0.38 per share from revenue of $ 60.13 million. The bottom line results beat street analysts by $ 0.01 or 2.63 percent, at the same time, top line results fell short of analysts by $ 0.58 million or 0.96 percent.
Stock Performance
Shares of Computer Programs and Systems, Inc. traded low $ -0.20 or -0.72 percent on Wednesday, reaching $ 27.75 with volume of 81.60 thousand shares. Computer Programs and Systems, Inc. has traded high as $ 28.02 and has cracked $ 27.61 on the downward trend
The closing price of $ 27.75, representing a 65.09 % increase from the 52 week low of $ 16.93 and a 21.88 % decrease over the 52 week high of $ 35.78.
The company has a market capital of $ 402.71 million and is part of the Technology sector and Health Information Services industry.
Recent Analyst recommendations
- On 10th September 2020, upgraded by KeyBanc to Sector Weight from Underweight rating.
- On 10th September 2020, maintained by SVB Leerink at Outperform rating, with $ 36.00 target price.
Recent Stock Dividend Announcement
On August 4, 2020, the board of directors authorized quarterly dividend of $ 0.10 per share to holders of record as of the close of business on August 17, 2020, with payment date of August 31, 2020 and ex-dividend date on August 14, 2020.
Conference Call
Computer Programs and Systems, Inc. will be hosting a conference call at 4:30 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cpsi.com
Computer Programs and Systems, Inc. provides healthcare information technology solutions and services in the United States and the Caribbean nation of St. Maarten.
