TruBridge (TBRG) Set to Announce Quarterly Earnings on Thursday

TruBridge (NASDAQ:TBRG) is scheduled to be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect TruBridge to post earnings of $0.44 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

TruBridge (NASDAQ:TBRG) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.07). TruBridge had a positive return on equity of 6.57% and a negative net margin of 15.93%. The business had revenue of $84.73 million during the quarter, compared to the consensus estimate 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 Stock Performance

NASDAQ:TBRG opened at $12.97 on Wednesday. The company has a 50-day moving average of $12.46 and a 200-day moving average of $11.01. The firm has a market cap of $194.03 million, a price-to-earnings ratio of -3.53, a price-to-earnings-growth ratio of 2.98 and a beta of 0.61. The company has a current ratio of 1.77, a quick ratio of 1.76 and a debt-to-equity ratio of 0.98. TruBridge has a twelve month low of $7.55 and a twelve month high of $14.11.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, major shareholder Pinetree Capital Ltd. bought 3,997 shares of the firm’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 completion of 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 position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.60% of the company’s stock.

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.