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 that wish to listen to the company’s conference call can do so using this link.

TruBridge (NASDAQ:TBRG) last announced its quarterly earnings results on Friday, May 10th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $83.25 million for the quarter, compared to analyst estimates of $82.35 million. TruBridge had a positive return on equity of 8.44% and a negative net margin of 15.27%. 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 opened at $9.92 on Wednesday. The business’s fifty day moving average is $10.47. The firm has a market capitalization of $148.87 million, a P/E ratio of -2.81 and a beta of 0.65. The company has a quick ratio of 1.93, a current ratio of 1.95 and a debt-to-equity ratio of 0.98. TruBridge has a 52-week low of $7.55 and a 52-week high of $26.73.

Analyst Ratings Changes

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

Insider Activity at TruBridge

In related news, major shareholder Pinetree Capital Ltd. acquired 67,488 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was acquired at an average cost of $9.99 per share, for a total transaction of $674,205.12. Following the completion of the acquisition, the insider now directly owns 1,569,545 shares of the company’s stock, valued at approximately $15,679,754.55. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders purchased 150,929 shares of company stock worth $1,513,954 over the last three months. 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.