TruBridge (TBRG) Scheduled to Post Earnings on Friday

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

TruBridge (NASDAQ:TBRG) last announced its 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 positive return on equity of 10.33% and a negative net margin of 13.49%. The company had revenue of $85.87 million for the quarter, compared to analyst estimates 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 %

TBRG opened at $8.27 on Thursday. TruBridge has a 52 week low of $7.55 and a 52 week high of $26.73. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.30 and a current ratio of 2.31. The stock’s fifty day moving average price is $8.74. The stock has a market capitalization of $121.18 million, a price-to-earnings ratio of -2.63 and a beta of 0.65.

Analyst Ratings Changes

A number of brokerages recently commented on TBRG. Cantor Fitzgerald restated an “overweight” rating and set a $24.00 target price on shares of TruBridge in a report on Wednesday, April 10th. Royal Bank of Canada assumed coverage on shares of TruBridge in a research report on Thursday, March 28th. They set an “outperform” rating and a $13.00 price target on the stock.

Insider Buying and Selling at TruBridge

In related news, Director Glenn Tobin acquired 10,500 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were acquired at an average price of $8.04 per share, with a total value of $84,420.00. Following the completion of the transaction, the director now owns 34,347 shares of the company’s stock, valued at $276,149.88. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Glenn Tobin purchased 10,500 shares of TruBridge stock in a transaction on Thursday, March 7th. The shares were bought at an average price of $8.04 per share, with a total value of $84,420.00. Following the transaction, the director now directly owns 34,347 shares of the company’s stock, valued at $276,149.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder L6 Holdings Inc. acquired 128,814 shares of the stock in a transaction dated Thursday, March 14th. The shares were bought at an average cost of $9.23 per share, with a total value of $1,188,953.22. Following the completion of the transaction, the insider now owns 1,322,814 shares of the company’s stock, valued at approximately $12,209,573.22. The disclosure for this purchase can be found here. Insiders acquired 364,858 shares of company stock valued at $3,473,199 in the last 90 days. Company insiders own 3.60% of the company’s stock.

TruBridge Company Profile

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.