TruBridge (TBRG) to Release Quarterly Earnings on Thursday

TruBridge (NASDAQ:TBRG) will be announcing its earnings results after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. TruBridge has set its Q2 2024 guidance at EPS and its FY 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

TruBridge (NASDAQ:TBRG) last posted its quarterly earnings data on Friday, May 10th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). TruBridge had a positive return on equity of 8.44% and a negative net margin of 15.27%. The firm had revenue of $83.25 million during the quarter, compared to the consensus estimate of $82.35 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

TBRG opened at $9.92 on Wednesday. TruBridge has a one year low of $7.55 and a one year high of $26.73. The company has a quick ratio of 1.93, a current ratio of 1.95 and a debt-to-equity ratio of 0.98. The stock has a fifty day moving average price of $10.47. The company has a market cap of $148.87 million, a P/E ratio of -2.81 and a beta of 0.65.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald restated an “overweight” rating and issued a $24.00 target price on shares of TruBridge in a report on Wednesday, April 10th.

Insider Buying and Selling

In related news, major shareholder Pinetree Capital Ltd. bought 11,789 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of $8.53 per share, for a total transaction of $100,560.17. Following the acquisition, the insider now directly owns 511,789 shares of the company’s stock, valued at approximately $4,365,560.17. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have purchased 150,929 shares of company stock worth $1,513,954 in 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.