TruBridge (TBRG) Scheduled to Post Earnings on Friday

TruBridge (NASDAQ:TBRG - Get Free Report) 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. Persons that are interested in registering for the company's earnings conference call can do so using this link.

TruBridge (NASDAQ:TBRG - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.29 EPS for the quarter, topping 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 analysts' expectations 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 Performance

Shares of NASDAQ TBRG traded up $0.04 during mid-day trading on Tuesday, reaching $8.15. The company had a trading volume of 99,279 shares, compared to its average volume of 189,580. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.30 and a current ratio of 2.31. TruBridge has a one year low of $7.55 and a one year high of $26.73. The firm 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 50-day moving average price of $8.77.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at TruBridge

In other TruBridge news, major shareholder L6 Holdings Inc. bought 60,044 shares of the firm's stock in a transaction on Monday, March 18th. The shares were purchased at an average price of $9.91 per share, for a total transaction of $595,036.04. Following the completion of the transaction, the insider now directly owns 1,401,200 shares in the company, valued at approximately $13,885,892. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other TruBridge news, major shareholder L6 Holdings Inc. bought 60,044 shares of the firm's stock in a transaction on Monday, March 18th. The shares were purchased at an average price of $9.91 per share, for a total transaction of $595,036.04. Following the completion of the transaction, the insider now directly owns 1,401,200 shares in the company, valued at approximately $13,885,892. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Glenn Tobin bought 10,500 shares of the firm's stock in a transaction on Thursday, March 7th. The stock was acquired at an average price of $8.04 per share, for a total transaction of $84,420.00. Following the transaction, the director now owns 34,347 shares of the company's stock, valued at $276,149.88. The disclosure for this purchase can be found here. Insiders have acquired a total of 364,858 shares of company stock worth $3,473,199 over the last 90 days. 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.