TruBridge (TBRG) Scheduled to Post Quarterly Earnings on Friday

TruBridge (NASDAQ:TBRG) is scheduled to release its earnings data before the market opens on Friday, May 10th. Analysts expect TruBridge to post earnings of $0.22 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

TruBridge (NASDAQ:TBRG) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. TruBridge had a negative net margin of 13.49% and a positive return on equity of 10.33%. The company had revenue of $85.87 million for the quarter, compared to the consensus estimate of $83.50 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 Up 1.5 %

Shares of NASDAQ:TBRG opened at $8.27 on Thursday. The business has a fifty day simple moving average of $8.74. TruBridge has a 52 week low of $7.55 and a 52 week high of $26.73. The company has a quick ratio of 2.30, a current ratio of 2.31 and a debt-to-equity ratio of 1.05. The stock has a market cap of $121.18 million, a PE ratio of -2.63 and a beta of 0.65.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $24.00 price target on shares of TruBridge in a research report on Wednesday, April 10th. Royal Bank of Canada initiated coverage on TruBridge in a report on Thursday, March 28th. They issued an “outperform” rating and a $13.00 target price for the company.

Insider Buying and Selling at TruBridge

In other news, major shareholder L6 Holdings Inc. purchased 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average cost of $9.88 per share, for a total transaction of $988,000.00. Following the acquisition, the insider now owns 1,094,000 shares of the company’s stock, valued at approximately $10,808,720. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TruBridge news, Director Glenn Tobin bought 10,500 shares of TruBridge stock in a transaction on Thursday, March 7th. The shares were acquired at an average price of $8.04 per share, for a total transaction of $84,420.00. Following the completion of the purchase, the director now directly owns 34,347 shares in the company, valued at approximately $276,149.88. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder L6 Holdings Inc. bought 100,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average price of $9.88 per share, with a total value of $988,000.00. Following the completion of the transaction, the insider now owns 1,094,000 shares of the company’s stock, valued at approximately $10,808,720. The disclosure for this purchase can be found here. Insiders have bought 364,858 shares of company stock worth $3,473,199 over the last quarter. 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.