Quality Systems (QSII) Earning Somewhat Positive Media Coverage, Report Shows
Media coverage about Quality Systems (NASDAQ:QSII) has been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Quality Systems earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.8336432184353 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Quality Systems (NASDAQ QSII) opened at 15.66 on Friday. The company has a market cap of $992.33 million, a price-to-earnings ratio of 43.74 and a beta of 0.89. Quality Systems has a 12-month low of $10.61 and a 12-month high of $17.74. The company’s 50 day moving average is $16.87 and its 200 day moving average is $15.48.
Quality Systems (NASDAQ:QSII) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. The company had revenue of $130.90 million for the quarter, compared to the consensus estimate of $126.75 million. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. Quality Systems’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Analysts forecast that Quality Systems will post $0.67 earnings per share for the current fiscal year.
Several analysts have issued reports on QSII shares. Piper Jaffray Companies reiterated an “overweight” rating and issued a $20.00 target price (up from $16.00) on shares of Quality Systems in a research note on Tuesday, August 1st. Zacks Investment Research raised shares of Quality Systems from a “sell” rating to a “hold” rating in a report on Monday, May 29th. Jefferies Group LLC reissued a “hold” rating and issued a $15.50 price target (up previously from $13.00) on shares of Quality Systems in a report on Wednesday, August 2nd. Leerink Swann reissued a “market perform” rating and issued a $16.00 price target (up previously from $14.00) on shares of Quality Systems in a report on Wednesday, May 31st. Finally, BidaskClub lowered shares of Quality Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $14.50.
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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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