TruBridge (TBRG) to Release Quarterly Earnings on Thursday

TruBridge (NASDAQ:TBRG) will post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect TruBridge to post earnings of $0.44 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

TruBridge (NASDAQ:TBRG) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.07). TruBridge had a negative net margin of 15.93% and a positive return on equity of 6.57%. The company had revenue of $84.73 million for the quarter, compared to analysts’ expectations of $80.71 million. On average, analysts expect TruBridge to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TruBridge Price Performance

Shares of TBRG traded up $0.23 during mid-day trading on Tuesday, hitting $12.93. 49,905 shares of the company were exchanged, compared to its average volume of 150,960. TruBridge has a 1-year low of $7.55 and a 1-year high of $14.11. The company has a 50 day moving average of $12.44 and a 200-day moving average of $10.98. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.76 and a current ratio of 1.77. The stock has a market cap of $193.43 million, a price-to-earnings ratio of -3.46, a price-to-earnings-growth ratio of 2.98 and a beta of 0.61.

Insider Buying and Selling

In related news, major shareholder Pinetree Capital Ltd. bought 3,997 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was bought at an average cost of $11.93 per share, for a total transaction of $47,684.21. Following the acquisition, the insider now directly owns 603,997 shares in the company, valued at $7,205,684.21. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TBRG has been the subject of several recent research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $13.00 price objective on shares of TruBridge in a research note on Friday, October 4th. Royal Bank of Canada restated an “outperform” rating and set a $14.00 price target on shares of TruBridge in a research report on Tuesday, September 17th.

About TruBridge

TruBridge, Inc provides healthcare solutions and services for community hospitals, clinics, and other healthcare systems in the United States and internationally. The company operates in three segments: Revenue Cycle Management (RCM), Electronic Health Record (HER), and Patient Engagement. It focuses on providing RCM solutions for care settings, regardless of primary healthcare information solutions provider along with business management, consulting, managed IT services, and analytics and business intelligence.