TruBridge (TBRG) Set to Announce Quarterly Earnings on Friday

TruBridge (NASDAQ:TBRG) is scheduled to 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 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 for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $85.87 million for the quarter, compared to analysts’ expectations of $83.50 million. TruBridge had a negative net margin of 13.49% and a positive return on equity of 10.33%. 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 $8.15 on Wednesday. TruBridge has a 52 week low of $7.55 and a 52 week high of $26.73. The company has a 50-day moving average price of $8.76. The stock has a market cap of $119.42 million, a price-to-earnings ratio of -2.59 and a beta of 0.65. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.30 and a current ratio of 2.31.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at TruBridge

In related news, major shareholder L6 Holdings Inc. purchased 60,044 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was bought at an average price of $9.91 per share, for a total transaction of $595,036.04. Following the purchase, the insider now directly owns 1,401,200 shares in the company, valued at approximately $13,885,892. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other TruBridge news, Director Glenn Tobin acquired 10,500 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were acquired at an average cost of $8.04 per share, with a total value of $84,420.00. Following the completion of the acquisition, the director now directly owns 34,347 shares in the company, valued at $276,149.88. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder L6 Holdings Inc. bought 60,044 shares of the business’s stock in a transaction on Monday, March 18th. The shares were acquired at an average price of $9.91 per share, with a total value of $595,036.04. Following the transaction, the insider now directly owns 1,401,200 shares of the company’s stock, valued at $13,885,892. The disclosure for this purchase can be found here. Insiders have purchased a total of 364,858 shares of company stock worth $3,473,199 over the last three months. 3.60% of the stock is currently owned by insiders.

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.